Changchun Faway (China) Market Value
| 600742 Stock | 9.26 0.12 1.31% |
| Symbol | Changchun |
Changchun Faway '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 Changchun Faway'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 Changchun Faway.
| 11/05/2023 |
| 02/27/2025 |
If you would invest 0.00 in Changchun Faway on November 5, 2023 and sell it all today you would earn a total of 0.00 from holding Changchun Faway Automobile or generate 0.0% return on investment in Changchun Faway over 480 days. Changchun Faway is related to or competes with NBTM New, Nantong Haixing, YiDong Electronics, Jiangxi Lianchuang, Konfoong Materials, Fujian Nebula, and Chongqing Sulian. Changchun Faway is entity of China. It is traded as Stock on SHG exchange. More
Changchun Faway 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 Changchun Faway'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 Changchun Faway Automobile upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 5.98 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.0 |
Changchun Faway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changchun Faway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changchun Faway's standard deviation. In reality, there are many statistical measures that can use Changchun Faway historical prices to predict the future Changchun Faway's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (1.12) |
Changchun Faway Auto Backtested Returns
Changchun Faway Auto secures Sharpe Ratio (or Efficiency) of -0.0142, which signifies that the company had a -0.0142 % return per unit of standard deviation over the last 3 months. Changchun Faway Automobile exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Changchun Faway's mean deviation of 1.18, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0709, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Changchun Faway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Changchun Faway is expected to be smaller as well. At this point, Changchun Faway Auto has a negative expected return of -0.0211%. Please make sure to confirm Changchun Faway's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Changchun Faway Auto performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Changchun Faway Automobile has modest reverse predictability. Overlapping area represents the amount of predictability between Changchun Faway time series from 5th of November 2023 to 2nd of July 2024 and 2nd of July 2024 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 Changchun Faway Auto price movement. The serial correlation of -0.47 indicates that about 47.0% of current Changchun Faway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
Changchun Faway Auto lagged returns against current returns
Autocorrelation, which is Changchun Faway 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 Changchun Faway's stock expected returns. We can calculate the autocorrelation of Changchun Faway returns to help us make a trade decision. For example, suppose you find that Changchun Faway 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 |
Changchun Faway 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 Changchun Faway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changchun Faway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changchun Faway stock over time.
Current vs Lagged Prices |
| Timeline |
Changchun Faway Lagged Returns
When evaluating Changchun Faway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changchun Faway stock have on its future price. Changchun Faway 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, Changchun Faway autocorrelation shows the relationship between Changchun Faway stock current value and its past values and can show if there is a momentum factor associated with investing in Changchun Faway Automobile.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Changchun Stock
Changchun Faway financial ratios help investors to determine whether Changchun 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 Changchun with respect to the benefits of owning Changchun Faway security.