Chengdu Kanghua (China) Market Value
| 300841 Stock | 57.63 0.98 1.73% |
| Symbol | Chengdu |
Chengdu Kanghua 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Chengdu Kanghua's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Chengdu Kanghua.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Chengdu Kanghua on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Chengdu Kanghua Biological or generate 0.0% return on investment in Chengdu Kanghua over 360 days. Chengdu Kanghua is related to or competes with CITIC Guoan, Juewei Food, Zhengzhou Qianweiyangchu, Lootom Telcovideo, China Marine, Invengo Information, and Hangzhou Gisway. Chengdu Kanghua is entity of China. It is traded as Stock on SHE exchange. More
Chengdu Kanghua Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Chengdu Kanghua's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Chengdu Kanghua Biological upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.0441 | |||
| Maximum Drawdown | 32.68 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 4.85 |
Chengdu Kanghua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu Kanghua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu Kanghua's standard deviation. In reality, there are many statistical measures that can use Chengdu Kanghua historical prices to predict the future Chengdu Kanghua's volatility.| Risk Adjusted Performance | 0.065 | |||
| Jensen Alpha | 0.3373 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | 0.0558 | |||
| Treynor Ratio | (5.45) |
Chengdu Kanghua Biol Backtested Returns
Chengdu Kanghua appears to be very steady, given 3 months investment horizon. Chengdu Kanghua Biol secures Sharpe Ratio (or Efficiency) of 0.062, which signifies that the company had a 0.062% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chengdu Kanghua Biological, which you can use to evaluate the volatility of the firm. Please makes use of Chengdu Kanghua's risk adjusted performance of 0.065, and Mean Deviation of 2.67 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chengdu Kanghua holds a performance score of 4. The firm shows a Beta (market volatility) of -0.0605, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chengdu Kanghua are expected to decrease at a much lower rate. During the bear market, Chengdu Kanghua is likely to outperform the market. Please check Chengdu Kanghua's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Chengdu Kanghua's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Chengdu Kanghua Biological has very weak reverse predictability. Overlapping area represents the amount of predictability between Chengdu Kanghua time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Chengdu Kanghua Biol price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Chengdu Kanghua price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 35.45 |
Chengdu Kanghua Biol lagged returns against current returns
Autocorrelation, which is Chengdu Kanghua stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Chengdu Kanghua's stock expected returns. We can calculate the autocorrelation of Chengdu Kanghua returns to help us make a trade decision. For example, suppose you find that Chengdu Kanghua has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Chengdu Kanghua regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Chengdu Kanghua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu Kanghua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu Kanghua stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu Kanghua Lagged Returns
When evaluating Chengdu Kanghua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu Kanghua stock have on its future price. Chengdu Kanghua autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Chengdu Kanghua autocorrelation shows the relationship between Chengdu Kanghua stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu Kanghua Biological.
Regressed Prices |
| Timeline |
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Chengdu Kanghua financial ratios help investors to determine whether Chengdu Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Chengdu with respect to the benefits of owning Chengdu Kanghua security.