Chongqing VDL (China) Market Value
| 301121 Stock | 53.34 1.82 3.30% |
| Symbol | Chongqing |
Chongqing VDL '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 Chongqing VDL'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 Chongqing VDL.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Chongqing VDL on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing VDL Electronics or generate 0.0% return on investment in Chongqing VDL over 30 days. Chongqing VDL is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, BYD Co, Beijing Roborock, Anhui Gujing, and Anhui Gujing. Chongqing VDL is entity of China. It is traded as Stock on SHE exchange. More
Chongqing VDL 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 Chongqing VDL'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 Chongqing VDL Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.64 | |||
| Information Ratio | 0.1749 | |||
| Maximum Drawdown | 30.98 | |||
| Value At Risk | (5.98) | |||
| Potential Upside | 7.41 |
Chongqing VDL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing VDL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing VDL's standard deviation. In reality, there are many statistical measures that can use Chongqing VDL historical prices to predict the future Chongqing VDL's volatility.| Risk Adjusted Performance | 0.1557 | |||
| Jensen Alpha | 0.8856 | |||
| Total Risk Alpha | 0.6584 | |||
| Sortino Ratio | 0.1788 | |||
| Treynor Ratio | (1.42) |
Chongqing VDL Electronics Backtested Returns
Chongqing VDL appears to be not too volatile, given 3 months investment horizon. Chongqing VDL Electronics secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing Chongqing VDL's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Chongqing VDL's Risk Adjusted Performance of 0.1557, mean deviation of 3.2, and Downside Deviation of 4.64 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing VDL holds a performance score of 12. The firm shows a Beta (market volatility) of -0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chongqing VDL are expected to decrease at a much lower rate. During the bear market, Chongqing VDL is likely to outperform the market. Please check Chongqing VDL's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Chongqing VDL's price patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Chongqing VDL Electronics has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chongqing VDL time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Chongqing VDL Electronics price movement. The serial correlation of -0.16 indicates that over 16.0% of current Chongqing VDL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 3.66 |
Chongqing VDL Electronics lagged returns against current returns
Autocorrelation, which is Chongqing VDL 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 Chongqing VDL's stock expected returns. We can calculate the autocorrelation of Chongqing VDL returns to help us make a trade decision. For example, suppose you find that Chongqing VDL 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 |
Chongqing VDL 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 Chongqing VDL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing VDL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing VDL stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing VDL Lagged Returns
When evaluating Chongqing VDL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing VDL stock have on its future price. Chongqing VDL 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, Chongqing VDL autocorrelation shows the relationship between Chongqing VDL stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing VDL Electronics.
Regressed Prices |
| Timeline |
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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 Chongqing Stock
Chongqing VDL financial ratios help investors to determine whether Chongqing 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 Chongqing with respect to the benefits of owning Chongqing VDL security.