Chongqing Rural (China) Market Value
| 601077 Stock | 5.75 0.09 1.59% |
| Symbol | Chongqing |
Chongqing Rural '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 Chongqing Rural'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 Chongqing Rural.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Chongqing Rural on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Chongqing Rural Commercial or generate 0.0% return on investment in Chongqing Rural over 720 days. Chongqing Rural is related to or competes with Cultural Investment, Gome Telecom, Holitech Technology, and Zotye Automobile. Chongqing Rural is entity of China. It is traded as Stock on SHG exchange. More
Chongqing Rural 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 Chongqing Rural'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 Chongqing Rural Commercial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.066 | |||
| Maximum Drawdown | 14.18 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 3.66 |
Chongqing Rural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Rural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Rural's standard deviation. In reality, there are many statistical measures that can use Chongqing Rural historical prices to predict the future Chongqing Rural's volatility.| Risk Adjusted Performance | 0.0685 | |||
| Jensen Alpha | 0.1865 | |||
| Total Risk Alpha | 0.1241 | |||
| Sortino Ratio | 0.075 | |||
| Treynor Ratio | (1.64) |
Chongqing Rural Comm Backtested Returns
Chongqing Rural appears to be slightly risky, given 3 months investment horizon. Chongqing Rural Comm secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Chongqing Rural Commercial, which you can use to evaluate the volatility of the firm. Please makes use of Chongqing Rural's Risk Adjusted Performance of 0.0685, mean deviation of 1.69, and Downside Deviation of 2.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing Rural holds a performance score of 9. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chongqing Rural are expected to decrease at a much lower rate. During the bear market, Chongqing Rural is likely to outperform the market. Please check Chongqing Rural's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Chongqing Rural's price patterns will revert.
Auto-correlation | 0.89 |
Very good predictability
Chongqing Rural Commercial has very good predictability. Overlapping area represents the amount of predictability between Chongqing Rural time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th of December 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 Chongqing Rural Comm price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Chongqing Rural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Chongqing Rural Comm lagged returns against current returns
Autocorrelation, which is Chongqing Rural 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 Chongqing Rural's stock expected returns. We can calculate the autocorrelation of Chongqing Rural returns to help us make a trade decision. For example, suppose you find that Chongqing Rural 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 |
Chongqing Rural 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 Chongqing Rural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Rural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Rural stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Rural Lagged Returns
When evaluating Chongqing Rural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Rural stock have on its future price. Chongqing Rural 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, Chongqing Rural autocorrelation shows the relationship between Chongqing Rural stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Rural Commercial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Chongqing Rural financial ratios help investors to determine whether Chongqing 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 Chongqing with respect to the benefits of owning Chongqing Rural security.