Chongqing Road (China) Market Value
| 600106 Stock | 6.09 0.05 0.83% |
| Symbol | Chongqing |
Chongqing Road '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 Road'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 Road.
| 01/28/2025 |
| 02/27/2025 |
If you would invest 0.00 in Chongqing Road on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding Chongqing Road Bridge or generate 0.0% return on investment in Chongqing Road over 30 days. Chongqing Road is related to or competes with Baoding Dongli, Linzhou Heavy, Ningbo Daye, Hongrun Construction, Gifore Agricultural, Nanxing Furniture, and Masterwork Machinery. Chongqing Road is entity of China. It is traded as Stock on SHG exchange. More
Chongqing Road 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 Road'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 Road Bridge upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 4.06 |
Chongqing Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Road's standard deviation. In reality, there are many statistical measures that can use Chongqing Road historical prices to predict the future Chongqing Road's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.2266 |
Chongqing Road Bridge Backtested Returns
Chongqing Road Bridge secures Sharpe Ratio (or Efficiency) of -0.0368, which signifies that the company had a -0.0368 % return per unit of risk over the last 3 months. Chongqing Road Bridge exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chongqing Road's Mean Deviation of 2.2, standard deviation of 3.09, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chongqing Road are expected to decrease at a much lower rate. During the bear market, Chongqing Road is likely to outperform the market. At this point, Chongqing Road Bridge has a negative expected return of -0.11%. Please make sure to confirm Chongqing Road's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Chongqing Road Bridge performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.86 |
Excellent reverse predictability
Chongqing Road Bridge has excellent reverse predictability. Overlapping area represents the amount of predictability between Chongqing Road time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 2025. 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 Road Bridge price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Chongqing Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Chongqing Road Bridge lagged returns against current returns
Autocorrelation, which is Chongqing Road 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 Road's stock expected returns. We can calculate the autocorrelation of Chongqing Road returns to help us make a trade decision. For example, suppose you find that Chongqing Road 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 Road 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 Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Road stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Road Lagged Returns
When evaluating Chongqing Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Road stock have on its future price. Chongqing Road 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 Road autocorrelation shows the relationship between Chongqing Road stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Road Bridge.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Chongqing Road 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 Road security.