Chengdu B-ray (China) Market Value
| 600880 Stock | 5.03 0.01 0.20% |
| Symbol | Chengdu |
Chengdu B-ray '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 B-ray'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 B-ray.
| 03/10/2023 |
| 02/27/2025 |
If you would invest 0.00 in Chengdu B-ray on March 10, 2023 and sell it all today you would earn a total of 0.00 from holding Chengdu B ray Media or generate 0.0% return on investment in Chengdu B-ray over 720 days. Chengdu B-ray is related to or competes with Qijing Machinery, Zhejiang Yinlun, Beijing Kingsoft, Nanxing Furniture, Baoding Dongli, UE Furniture, and Masterwork Machinery. Chengdu B-ray is entity of China. It is traded as Stock on SHG exchange. More
Chengdu B-ray 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 B-ray'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 B ray Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | 0.0694 | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (6.00) | |||
| Potential Upside | 6.51 |
Chengdu B-ray Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu B-ray's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu B-ray's standard deviation. In reality, there are many statistical measures that can use Chengdu B-ray historical prices to predict the future Chengdu B-ray's volatility.| Risk Adjusted Performance | 0.0598 | |||
| Jensen Alpha | 0.264 | |||
| Total Risk Alpha | 0.3003 | |||
| Sortino Ratio | 0.0629 | |||
| Treynor Ratio | (0.96) |
Chengdu B ray Backtested Returns
At this point, Chengdu B-ray is relatively risky. Chengdu B ray secures Sharpe Ratio (or Efficiency) of 0.0255, which signifies that the company had a 0.0255 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chengdu B ray Media, which you can use to evaluate the volatility of the firm. Please confirm Chengdu B-ray's mean deviation of 2.74, and Risk Adjusted Performance of 0.0598 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. Chengdu B-ray has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chengdu B-ray are expected to decrease at a much lower rate. During the bear market, Chengdu B-ray is likely to outperform the market. Chengdu B ray right now shows a risk of 4.12%. Please confirm Chengdu B ray semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Chengdu B ray will be following its price patterns.
Auto-correlation | -0.15 |
Insignificant reverse predictability
Chengdu B ray Media has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chengdu B-ray time series from 10th of March 2023 to 4th of March 2024 and 4th of March 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 Chengdu B ray price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Chengdu B-ray price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
Chengdu B ray lagged returns against current returns
Autocorrelation, which is Chengdu B-ray 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 B-ray's stock expected returns. We can calculate the autocorrelation of Chengdu B-ray returns to help us make a trade decision. For example, suppose you find that Chengdu B-ray 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 B-ray 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 B-ray stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu B-ray stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu B-ray stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu B-ray Lagged Returns
When evaluating Chengdu B-ray's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu B-ray stock have on its future price. Chengdu B-ray 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 B-ray autocorrelation shows the relationship between Chengdu B-ray stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu B ray Media.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chengdu Stock
Chengdu B-ray 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 B-ray security.