CSSC Offshore (China) Market Value
| 600685 Stock | 24.32 0.08 0.33% |
| Symbol | CSSC |
CSSC Offshore '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 CSSC Offshore'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 CSSC Offshore.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in CSSC Offshore on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding CSSC Offshore Marine or generate 0.0% return on investment in CSSC Offshore over 90 days. CSSC Offshore is related to or competes with Eastern Communications, Quectel Wireless, Songz Automobile, Ningbo Fangzheng, Heilongjiang Publishing, and Southern PublishingMedia. More
CSSC Offshore 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 CSSC Offshore'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 CSSC Offshore Marine upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | 0.0791 | |||
| Maximum Drawdown | 5.92 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.58 |
CSSC Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSSC Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSSC Offshore's standard deviation. In reality, there are many statistical measures that can use CSSC Offshore historical prices to predict the future CSSC Offshore's volatility.| Risk Adjusted Performance | 0.0048 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.153 | |||
| Sortino Ratio | 0.0814 | |||
| Treynor Ratio | 0.1558 |
CSSC Offshore Marine Backtested Returns
At this point, CSSC Offshore is very steady. CSSC Offshore Marine secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for CSSC Offshore Marine, which you can use to evaluate the volatility of the firm. Please confirm CSSC Offshore's mean deviation of 0.9832, and Risk Adjusted Performance of 0.0048 to double-check if the risk estimate we provide is consistent with the expected return of 0.0024%. The firm shows a Beta (market volatility) of -0.0488, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CSSC Offshore are expected to decrease at a much lower rate. During the bear market, CSSC Offshore is likely to outperform the market. CSSC Offshore Marine currently shows a risk of 1.28%. Please confirm CSSC Offshore Marine standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if CSSC Offshore Marine will be following its price patterns.
Auto-correlation | 0.23 |
Weak predictability
CSSC Offshore Marine has weak predictability. Overlapping area represents the amount of predictability between CSSC Offshore time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 CSSC Offshore Marine price movement. The serial correlation of 0.23 indicates that over 23.0% of current CSSC Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
CSSC Offshore Marine lagged returns against current returns
Autocorrelation, which is CSSC Offshore 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 CSSC Offshore's stock expected returns. We can calculate the autocorrelation of CSSC Offshore returns to help us make a trade decision. For example, suppose you find that CSSC Offshore 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 |
CSSC Offshore 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 CSSC Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSSC Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSSC Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
CSSC Offshore Lagged Returns
When evaluating CSSC Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSSC Offshore stock have on its future price. CSSC Offshore 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, CSSC Offshore autocorrelation shows the relationship between CSSC Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in CSSC Offshore Marine.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CSSC Stock
CSSC Offshore financial ratios help investors to determine whether CSSC 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 CSSC with respect to the benefits of owning CSSC Offshore security.