Changchun BCHT (China) Market Value
| 688276 Stock | 26.37 0.29 1.11% |
| Symbol | Changchun |
Changchun BCHT '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 Changchun BCHT'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 Changchun BCHT.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Changchun BCHT on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Changchun BCHT Biotechnology or generate 0.0% return on investment in Changchun BCHT over 180 days. Changchun BCHT is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Changchun BCHT is entity of China. It is traded as Stock on SHG exchange. More
Changchun BCHT 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 Changchun BCHT'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 Changchun BCHT Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.018 | |||
| Maximum Drawdown | 28.34 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 6.03 |
Changchun BCHT Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changchun BCHT's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changchun BCHT's standard deviation. In reality, there are many statistical measures that can use Changchun BCHT historical prices to predict the future Changchun BCHT's volatility.| Risk Adjusted Performance | 0.0476 | |||
| Jensen Alpha | 0.2224 | |||
| Total Risk Alpha | (0.48) | |||
| Sortino Ratio | 0.0236 | |||
| Treynor Ratio | (1.22) |
Changchun BCHT Biote Backtested Returns
Changchun BCHT appears to be not too volatile, given 3 months investment horizon. Changchun BCHT Biote secures Sharpe Ratio (or Efficiency) of 0.0663, which signifies that the company had a 0.0663% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Changchun BCHT Biotechnology, which you can use to evaluate the volatility of the firm. Please makes use of Changchun BCHT's mean deviation of 2.7, and Risk Adjusted Performance of 0.0476 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changchun BCHT holds a performance score of 5. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Changchun BCHT are expected to decrease at a much lower rate. During the bear market, Changchun BCHT is likely to outperform the market. Please check Changchun BCHT's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Changchun BCHT's price patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Changchun BCHT Biotechnology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Changchun BCHT time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Changchun BCHT Biote price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Changchun BCHT price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 7.04 |
Changchun BCHT Biote lagged returns against current returns
Autocorrelation, which is Changchun BCHT 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 Changchun BCHT's stock expected returns. We can calculate the autocorrelation of Changchun BCHT returns to help us make a trade decision. For example, suppose you find that Changchun BCHT 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 |
Changchun BCHT 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 Changchun BCHT stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changchun BCHT stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changchun BCHT stock over time.
Current vs Lagged Prices |
| Timeline |
Changchun BCHT Lagged Returns
When evaluating Changchun BCHT's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changchun BCHT stock have on its future price. Changchun BCHT 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, Changchun BCHT autocorrelation shows the relationship between Changchun BCHT stock current value and its past values and can show if there is a momentum factor associated with investing in Changchun BCHT Biotechnology.
Regressed Prices |
| Timeline |
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Other Information on Investing in Changchun Stock
Changchun BCHT financial ratios help investors to determine whether Changchun 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 Changchun with respect to the benefits of owning Changchun BCHT security.