Changjiang Publishing (China) Market Value
| 600757 Stock | 8.42 0.01 0.12% |
| Symbol | Changjiang |
Changjiang Publishing '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 Changjiang Publishing'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 Changjiang Publishing.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Changjiang Publishing on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Changjiang Publishing Media or generate 0.0% return on investment in Changjiang Publishing over 90 days. Changjiang Publishing is related to or competes with Zhengping RoadBridge, Road Environment, ISoftStone Information, Montage Technology, Jiangsu Broadcasting, Keeson Technology, and Jiujiang Shanshui. Changjiang Publishing is entity of China More
Changjiang Publishing 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 Changjiang Publishing'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 Changjiang Publishing Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.4 | |||
| Information Ratio | 0.0635 | |||
| Maximum Drawdown | 11.47 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 2.79 |
Changjiang Publishing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changjiang Publishing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changjiang Publishing's standard deviation. In reality, there are many statistical measures that can use Changjiang Publishing historical prices to predict the future Changjiang Publishing's volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | 0.2252 | |||
| Sortino Ratio | 0.0803 | |||
| Treynor Ratio | (0.02) |
Changjiang Publishing Backtested Returns
Changjiang Publishing secures Sharpe Ratio (or Efficiency) of -0.053, which signifies that the company had a -0.053 % return per unit of standard deviation over the last 3 months. Changjiang Publishing Media exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Changjiang Publishing's risk adjusted performance of 0.0117, and Mean Deviation of 1.26 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Changjiang Publishing are expected to decrease at a much lower rate. During the bear market, Changjiang Publishing is likely to outperform the market. At this point, Changjiang Publishing has a negative expected return of -0.0789%. Please make sure to confirm Changjiang Publishing's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Changjiang Publishing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.55 |
Modest predictability
Changjiang Publishing Media has modest predictability. Overlapping area represents the amount of predictability between Changjiang Publishing 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 Changjiang Publishing price movement. The serial correlation of 0.55 indicates that about 55.0% of current Changjiang Publishing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Changjiang Publishing lagged returns against current returns
Autocorrelation, which is Changjiang Publishing 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 Changjiang Publishing's stock expected returns. We can calculate the autocorrelation of Changjiang Publishing returns to help us make a trade decision. For example, suppose you find that Changjiang Publishing 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 |
Changjiang Publishing 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 Changjiang Publishing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changjiang Publishing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changjiang Publishing stock over time.
Current vs Lagged Prices |
| Timeline |
Changjiang Publishing Lagged Returns
When evaluating Changjiang Publishing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changjiang Publishing stock have on its future price. Changjiang Publishing 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, Changjiang Publishing autocorrelation shows the relationship between Changjiang Publishing stock current value and its past values and can show if there is a momentum factor associated with investing in Changjiang Publishing Media.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Changjiang Stock
Changjiang Publishing financial ratios help investors to determine whether Changjiang 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 Changjiang with respect to the benefits of owning Changjiang Publishing security.