Zhuzhou CRRC (China) Market Value
| 688187 Stock | 47.84 0.30 0.62% |
| Symbol | Zhuzhou |
Zhuzhou CRRC '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 Zhuzhou CRRC'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 Zhuzhou CRRC.
| 12/25/2023 |
| 12/19/2024 |
If you would invest 0.00 in Zhuzhou CRRC on December 25, 2023 and sell it all today you would earn a total of 0.00 from holding Zhuzhou CRRC Times or generate 0.0% return on investment in Zhuzhou CRRC over 360 days. Zhuzhou CRRC is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Zhuzhou CRRC is entity of China. It is traded as Stock on SHG exchange. More
Zhuzhou CRRC 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 Zhuzhou CRRC'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 Zhuzhou CRRC Times upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.0468 | |||
| Maximum Drawdown | 28.0 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 5.5 |
Zhuzhou CRRC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhuzhou CRRC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhuzhou CRRC's standard deviation. In reality, there are many statistical measures that can use Zhuzhou CRRC historical prices to predict the future Zhuzhou CRRC's volatility.| Risk Adjusted Performance | 0.0513 | |||
| Jensen Alpha | 0.2002 | |||
| Total Risk Alpha | 0.1035 | |||
| Sortino Ratio | 0.0552 | |||
| Treynor Ratio | (0.48) |
Zhuzhou CRRC Times Backtested Returns
Zhuzhou CRRC appears to be very steady, given 3 months investment horizon. Zhuzhou CRRC Times shows Sharpe Ratio of 0.0816, which attests that the company had a 0.0816% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zhuzhou CRRC Times, which you can use to evaluate the volatility of the company. Please utilize Zhuzhou CRRC's Downside Deviation of 3.15, mean deviation of 2.38, and Market Risk Adjusted Performance of (0.47) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhuzhou CRRC holds a performance score of 6. The firm maintains a market beta of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhuzhou CRRC are expected to decrease at a much lower rate. During the bear market, Zhuzhou CRRC is likely to outperform the market. Please check Zhuzhou CRRC's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Zhuzhou CRRC's historical returns will revert.
Auto-correlation | -0.35 |
Poor reverse predictability
Zhuzhou CRRC Times has poor reverse predictability. Overlapping area represents the amount of predictability between Zhuzhou CRRC time series from 25th of December 2023 to 22nd of June 2024 and 22nd of June 2024 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 Zhuzhou CRRC Times price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Zhuzhou CRRC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 14.71 |
Zhuzhou CRRC Times lagged returns against current returns
Autocorrelation, which is Zhuzhou CRRC 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 Zhuzhou CRRC's stock expected returns. We can calculate the autocorrelation of Zhuzhou CRRC returns to help us make a trade decision. For example, suppose you find that Zhuzhou CRRC 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 |
Zhuzhou CRRC 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 Zhuzhou CRRC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhuzhou CRRC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhuzhou CRRC stock over time.
Current vs Lagged Prices |
| Timeline |
Zhuzhou CRRC Lagged Returns
When evaluating Zhuzhou CRRC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhuzhou CRRC stock have on its future price. Zhuzhou CRRC 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, Zhuzhou CRRC autocorrelation shows the relationship between Zhuzhou CRRC stock current value and its past values and can show if there is a momentum factor associated with investing in Zhuzhou CRRC Times.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhuzhou Stock
Zhuzhou CRRC financial ratios help investors to determine whether Zhuzhou 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 Zhuzhou with respect to the benefits of owning Zhuzhou CRRC security.