Chongqing Brewery (China) Market Value
| 600132 Stock | 67.95 0.30 0.44% |
| Symbol | Chongqing |
Chongqing Brewery '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 Brewery'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 Brewery.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Chongqing Brewery on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Brewery Co or generate 0.0% return on investment in Chongqing Brewery over 30 days. Chongqing Brewery is related to or competes with Western Metal, Long Yuan, Tengda Construction, Allied Machinery, Chongqing Shunbo, Qijing Machinery, and Shanghai Construction. Chongqing Brewery is entity of China. It is traded as Stock on SHG exchange. More
Chongqing Brewery 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 Brewery'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 Brewery Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.099 | |||
| Maximum Drawdown | 19.76 | |||
| Value At Risk | (3.49) | |||
| Potential Upside | 5.66 |
Chongqing Brewery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Brewery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Brewery's standard deviation. In reality, there are many statistical measures that can use Chongqing Brewery historical prices to predict the future Chongqing Brewery's volatility.| Risk Adjusted Performance | 0.1045 | |||
| Jensen Alpha | 0.3336 | |||
| Total Risk Alpha | 0.0173 | |||
| Sortino Ratio | 0.1131 | |||
| Treynor Ratio | 0.821 |
Chongqing Brewery Backtested Returns
Chongqing Brewery appears to be very steady, given 3 months investment horizon. Chongqing Brewery secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Chongqing Brewery's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please makes use of Chongqing Brewery's Downside Deviation of 2.52, mean deviation of 1.97, and Risk Adjusted Performance of 0.1045 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing Brewery holds a performance score of 13. The firm shows a Beta (market volatility) of 0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chongqing Brewery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chongqing Brewery is expected to be smaller as well. Please check Chongqing Brewery's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Chongqing Brewery's price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Chongqing Brewery Co has good reverse predictability. Overlapping area represents the amount of predictability between Chongqing Brewery time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Brewery price movement. The serial correlation of -0.52 indicates that about 52.0% of current Chongqing Brewery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 3.98 |
Chongqing Brewery lagged returns against current returns
Autocorrelation, which is Chongqing Brewery 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 Brewery's stock expected returns. We can calculate the autocorrelation of Chongqing Brewery returns to help us make a trade decision. For example, suppose you find that Chongqing Brewery 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 Brewery 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 Brewery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Brewery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Brewery stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Brewery Lagged Returns
When evaluating Chongqing Brewery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Brewery stock have on its future price. Chongqing Brewery 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 Brewery autocorrelation shows the relationship between Chongqing Brewery stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Brewery Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Chongqing Brewery 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 Brewery security.