Sichuan Changhong's market value is the price at which a share of Sichuan Changhong trades on a public exchange. It measures the collective expectations of Sichuan Changhong Electric investors about its performance. Sichuan Changhong is trading at 8.81 as of the 5th of January 2025, a 5.17 percent decrease since the beginning of the trading day. The stock's open price was 9.29. With this module, you can estimate the performance of a buy and hold strategy of Sichuan Changhong Electric and determine expected loss or profit from investing in Sichuan Changhong over a given investment horizon. Check out Sichuan Changhong Correlation, Sichuan Changhong Volatility and Sichuan Changhong Alpha and Beta module to complement your research on Sichuan Changhong.
Please note, there is a significant difference between Sichuan Changhong's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sichuan Changhong is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sichuan Changhong's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Sichuan Changhong '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 Sichuan Changhong'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 Sichuan Changhong.
0.00
01/11/2024
No Change 0.00
0.0
In 11 months and 27 days
01/05/2025
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If you would invest 0.00 in Sichuan Changhong on January 11, 2024 and sell it all today you would earn a total of 0.00 from holding Sichuan Changhong Electric or generate 0.0% return on investment in Sichuan Changhong over 360 days. Sichuan Changhong is related to or competes with State Grid, Hubei Yingtong, Dongfeng Automobile, China Mobile, Guotai Epoint, TianJin 712, and Dareway Software. Sichuan Changhong is entity of China. It is traded as Stock on SHG exchange. More
Sichuan Changhong 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 Sichuan Changhong'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 Sichuan Changhong Electric upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Changhong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Changhong's standard deviation. In reality, there are many statistical measures that can use Sichuan Changhong historical prices to predict the future Sichuan Changhong's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Sichuan Changhong. Your research has to be compared to or analyzed against Sichuan Changhong's peers to derive any actionable benefits. When done correctly, Sichuan Changhong's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Sichuan Changhong.
Sichuan Changhong Backtested Returns
Sichuan Changhong appears to be moderately volatile, given 3 months investment horizon. Sichuan Changhong owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. By inspecting Sichuan Changhong's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please review Sichuan Changhong's Semi Deviation of 4.33, coefficient of variation of 597.9, and Risk Adjusted Performance of 0.1443 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Changhong holds a performance score of 8. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sichuan Changhong are expected to decrease at a much lower rate. During the bear market, Sichuan Changhong is likely to outperform the market. Please check Sichuan Changhong's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Sichuan Changhong's existing price patterns will revert.
Auto-correlation
-0.04
Very weak reverse predictability
Sichuan Changhong Electric has very weak reverse predictability. Overlapping area represents the amount of predictability between Sichuan Changhong time series from 11th of January 2024 to 9th of July 2024 and 9th of July 2024 to 5th 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 Sichuan Changhong price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Sichuan Changhong price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.04
Spearman Rank Test
-0.03
Residual Average
0.0
Price Variance
13.27
Sichuan Changhong lagged returns against current returns
Autocorrelation, which is Sichuan Changhong 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 Sichuan Changhong's stock expected returns. We can calculate the autocorrelation of Sichuan Changhong returns to help us make a trade decision. For example, suppose you find that Sichuan Changhong 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
Sichuan Changhong 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 Sichuan Changhong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Changhong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Changhong stock over time.
Current vs Lagged Prices
Timeline
Sichuan Changhong Lagged Returns
When evaluating Sichuan Changhong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Changhong stock have on its future price. Sichuan Changhong 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, Sichuan Changhong autocorrelation shows the relationship between Sichuan Changhong stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Changhong Electric.
Sichuan Changhong financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Changhong security.