Chengdu Xuguang (China) Market Value
| 600353 Stock | 6.76 0.26 3.70% |
| Symbol | Chengdu |
Chengdu Xuguang '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 Xuguang'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 Xuguang.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Chengdu Xuguang on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Chengdu Xuguang Electronics or generate 0.0% return on investment in Chengdu Xuguang over 60 days. Chengdu Xuguang is related to or competes with Maoming Petro, Jinsanjiang Silicon, HeBei Jinniu, Chongqing Changan, Zhejiang Qianjiang, Shandong Rike, and Xilong Chemical. Chengdu Xuguang is entity of China. It is traded as Stock on SHG exchange. More
Chengdu Xuguang 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 Xuguang'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 Xuguang Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.0892 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (5.44) | |||
| Potential Upside | 9.97 |
Chengdu Xuguang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu Xuguang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu Xuguang's standard deviation. In reality, there are many statistical measures that can use Chengdu Xuguang historical prices to predict the future Chengdu Xuguang's volatility.| Risk Adjusted Performance | 0.0847 | |||
| Jensen Alpha | 0.4066 | |||
| Total Risk Alpha | 0.3339 | |||
| Sortino Ratio | 0.1013 | |||
| Treynor Ratio | (0.74) |
Chengdu Xuguang Elec Backtested Returns
At this point, Chengdu Xuguang is slightly risky. Chengdu Xuguang Elec secures Sharpe Ratio (or Efficiency) of 0.0111, which signifies that the company had a 0.0111% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chengdu Xuguang Electronics, which you can use to evaluate the volatility of the firm. Please confirm Chengdu Xuguang's risk adjusted performance of 0.0847, and Mean Deviation of 3.35 to double-check if the risk estimate we provide is consistent with the expected return of 0.0447%. The firm shows a Beta (market volatility) of -0.54, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chengdu Xuguang are expected to decrease at a much lower rate. During the bear market, Chengdu Xuguang is likely to outperform the market. Chengdu Xuguang Elec right now shows a risk of 4.03%. Please confirm Chengdu Xuguang Elec semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Chengdu Xuguang Elec will be following its price patterns.
Auto-correlation | 0.51 |
Modest predictability
Chengdu Xuguang Electronics has modest predictability. Overlapping area represents the amount of predictability between Chengdu Xuguang time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 Chengdu Xuguang Elec price movement. The serial correlation of 0.51 indicates that about 51.0% of current Chengdu Xuguang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Chengdu Xuguang Elec lagged returns against current returns
Autocorrelation, which is Chengdu Xuguang 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 Xuguang's stock expected returns. We can calculate the autocorrelation of Chengdu Xuguang returns to help us make a trade decision. For example, suppose you find that Chengdu Xuguang 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 Xuguang 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 Xuguang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu Xuguang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu Xuguang stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu Xuguang Lagged Returns
When evaluating Chengdu Xuguang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu Xuguang stock have on its future price. Chengdu Xuguang 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 Xuguang autocorrelation shows the relationship between Chengdu Xuguang stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu Xuguang Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chengdu Stock
Chengdu Xuguang 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 Xuguang security.