CIMC Vehicles (China) Market Value
| 301039 Stock | 9.86 0.06 0.61% |
| Symbol | CIMC |
CIMC Vehicles '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 CIMC Vehicles' 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 CIMC Vehicles.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in CIMC Vehicles on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding CIMC Vehicles Co or generate 0.0% return on investment in CIMC Vehicles over 720 days. CIMC Vehicles is related to or competes with Bangyan Technology, Uroica Mining, Shengda Mining, Shenyang Huitian, Kingsignal Technology, Hubei Forbon, and Jinyu Bio. CIMC Vehicles is entity of China. It is traded as Stock on SHE exchange. More
CIMC Vehicles 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 CIMC Vehicles' 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 CIMC Vehicles Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | 0.0836 | |||
| Maximum Drawdown | 24.95 | |||
| Value At Risk | (3.70) | |||
| Potential Upside | 4.51 |
CIMC Vehicles Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIMC Vehicles' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIMC Vehicles' standard deviation. In reality, there are many statistical measures that can use CIMC Vehicles historical prices to predict the future CIMC Vehicles' volatility.| Risk Adjusted Performance | 0.1045 | |||
| Jensen Alpha | 0.3854 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0779 | |||
| Treynor Ratio | 5.65 |
CIMC Vehicles Backtested Returns
CIMC Vehicles appears to be somewhat reliable, given 3 months investment horizon. CIMC Vehicles secures Sharpe Ratio (or Efficiency) of 0.0817, which signifies that the company had a 0.0817% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CIMC Vehicles Co, which you can use to evaluate the volatility of the firm. Please makes use of CIMC Vehicles' risk adjusted performance of 0.1045, and Mean Deviation of 2.0 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CIMC Vehicles holds a performance score of 6. The firm shows a Beta (market volatility) of 0.0698, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CIMC Vehicles' returns are expected to increase less than the market. However, during the bear market, the loss of holding CIMC Vehicles is expected to be smaller as well. Please check CIMC Vehicles' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether CIMC Vehicles' price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
CIMC Vehicles Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between CIMC Vehicles time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 CIMC Vehicles price movement. The serial correlation of -0.2 indicates that over 20.0% of current CIMC Vehicles price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
CIMC Vehicles lagged returns against current returns
Autocorrelation, which is CIMC Vehicles 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 CIMC Vehicles' stock expected returns. We can calculate the autocorrelation of CIMC Vehicles returns to help us make a trade decision. For example, suppose you find that CIMC Vehicles 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 |
CIMC Vehicles 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 CIMC Vehicles stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIMC Vehicles stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIMC Vehicles stock over time.
Current vs Lagged Prices |
| Timeline |
CIMC Vehicles Lagged Returns
When evaluating CIMC Vehicles' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIMC Vehicles stock have on its future price. CIMC Vehicles 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, CIMC Vehicles autocorrelation shows the relationship between CIMC Vehicles stock current value and its past values and can show if there is a momentum factor associated with investing in CIMC Vehicles Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in CIMC Stock
CIMC Vehicles financial ratios help investors to determine whether CIMC 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 CIMC with respect to the benefits of owning CIMC Vehicles security.