Caitong Securities (China) Market Value
| 601108 Stock | 8.32 0.04 0.48% |
| Symbol | Caitong |
Caitong Securities '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 Caitong Securities' 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 Caitong Securities.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Caitong Securities on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Caitong Securities Co or generate 0.0% return on investment in Caitong Securities over 720 days. Caitong Securities is related to or competes with Yingde Greatchem, Vohringer Home, Zoy Home, Nanjing OLO, Shandong Polymer, A Zenith, and Suofeiya Home. Caitong Securities is entity of China. It is traded as Stock on SHG exchange. More
Caitong Securities 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 Caitong Securities' 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 Caitong Securities Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.1216 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (3.24) | |||
| Potential Upside | 5.75 |
Caitong Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Caitong Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Caitong Securities' standard deviation. In reality, there are many statistical measures that can use Caitong Securities historical prices to predict the future Caitong Securities' volatility.| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 0.4049 | |||
| Total Risk Alpha | 0.1849 | |||
| Sortino Ratio | 0.1371 | |||
| Treynor Ratio | 1.18 |
Caitong Securities Backtested Returns
Caitong Securities appears to be slightly risky, given 3 months investment horizon. Caitong Securities secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Caitong Securities Co, which you can use to evaluate the volatility of the firm. Please makes use of Caitong Securities' Mean Deviation of 1.93, downside deviation of 2.68, and Risk Adjusted Performance of 0.112 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Caitong Securities holds a performance score of 11. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Caitong Securities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Caitong Securities is expected to be smaller as well. Please check Caitong Securities' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Caitong Securities' price patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Caitong Securities Co has virtually no predictability. Overlapping area represents the amount of predictability between Caitong Securities time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th 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 Caitong Securities price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Caitong Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Caitong Securities lagged returns against current returns
Autocorrelation, which is Caitong Securities 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 Caitong Securities' stock expected returns. We can calculate the autocorrelation of Caitong Securities returns to help us make a trade decision. For example, suppose you find that Caitong Securities 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 |
Caitong Securities 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 Caitong Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Caitong Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Caitong Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Caitong Securities Lagged Returns
When evaluating Caitong Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Caitong Securities stock have on its future price. Caitong Securities 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, Caitong Securities autocorrelation shows the relationship between Caitong Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Caitong Securities Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Caitong Stock
Caitong Securities financial ratios help investors to determine whether Caitong 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 Caitong with respect to the benefits of owning Caitong Securities security.