Chengdu B (China) Market Value
| 600880 Stock | 5.04 0.01 0.20% |
| Symbol | Chengdu |
Chengdu B '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'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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Chengdu B on October 30, 2024 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 over 30 days. Chengdu B is related to or competes with BYD Co, Agricultural Bank, Industrial, China State, China Construction, PetroChina, and China Petroleum. Chengdu B is entity of China. It is traded as Stock on SHG exchange. More
Chengdu B 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'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 | 3.62 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 20.04 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 5.18 |
Chengdu B Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu B's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu B's standard deviation. In reality, there are many statistical measures that can use Chengdu B historical prices to predict the future Chengdu B's volatility.| Risk Adjusted Performance | 0.1301 | |||
| Jensen Alpha | 0.5608 | |||
| Total Risk Alpha | 0.0209 | |||
| Sortino Ratio | 0.1139 | |||
| Treynor Ratio | (1.86) |
Chengdu B ray Backtested Returns
Chengdu B appears to be relatively risky, given 3 months investment horizon. Chengdu B ray secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. By analyzing Chengdu B's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Chengdu B's risk adjusted performance of 0.1301, and Mean Deviation of 2.53 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chengdu B holds a performance score of 15. 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 are expected to decrease at a much lower rate. During the bear market, Chengdu B is likely to outperform the market. Please check Chengdu B's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Chengdu B's price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Chengdu B ray Media has good predictability. Overlapping area represents the amount of predictability between Chengdu B time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. 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 0.74 indicates that around 74.0% of current Chengdu B price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Chengdu B ray lagged returns against current returns
Autocorrelation, which is Chengdu B 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's stock expected returns. We can calculate the autocorrelation of Chengdu B returns to help us make a trade decision. For example, suppose you find that Chengdu B 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu B 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 stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu B Lagged Returns
When evaluating Chengdu B's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu B stock have on its future price. Chengdu B 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 autocorrelation shows the relationship between Chengdu B 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 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 security.