Chison Medical (China) Market Value
| 688358 Stock | 26.51 0.24 0.91% |
| Symbol | Chison |
Chison Medical '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 Chison Medical'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 Chison Medical.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Chison Medical on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Chison Medical Technologies or generate 0.0% return on investment in Chison Medical over 360 days. Chison Medical is related to or competes with Nanjing Putian, Shenzhen Hifuture, Tianjin Realty, Shenyang Huitian, Jiangsu Xinning, and Hubei Geoway. Chison Medical is entity of China. It is traded as Stock on SHG exchange. More
Chison Medical 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 Chison Medical'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 Chison Medical Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.83 | |||
| Information Ratio | 0.0386 | |||
| Maximum Drawdown | 27.63 | |||
| Value At Risk | (5.48) | |||
| Potential Upside | 6.25 |
Chison Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chison Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chison Medical's standard deviation. In reality, there are many statistical measures that can use Chison Medical historical prices to predict the future Chison Medical's volatility.| Risk Adjusted Performance | 0.0641 | |||
| Jensen Alpha | 0.226 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0399 | |||
| Treynor Ratio | 0.6582 |
Chison Medical Techn Backtested Returns
Chison Medical appears to be not too volatile, given 3 months investment horizon. Chison Medical Techn secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chison Medical Technologies, which you can use to evaluate the volatility of the firm. Please makes use of Chison Medical's Mean Deviation of 2.83, risk adjusted performance of 0.0641, and Downside Deviation of 3.83 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chison Medical holds a performance score of 9. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chison Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chison Medical is expected to be smaller as well. Please check Chison Medical'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 Chison Medical's price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Chison Medical Technologies has virtually no predictability. Overlapping area represents the amount of predictability between Chison Medical time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 Chison Medical Techn price movement. The serial correlation of 0.03 indicates that only 3.0% of current Chison Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 4.58 |
Chison Medical Techn lagged returns against current returns
Autocorrelation, which is Chison Medical 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 Chison Medical's stock expected returns. We can calculate the autocorrelation of Chison Medical returns to help us make a trade decision. For example, suppose you find that Chison Medical 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 |
Chison Medical 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 Chison Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chison Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chison Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Chison Medical Lagged Returns
When evaluating Chison Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chison Medical stock have on its future price. Chison Medical 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, Chison Medical autocorrelation shows the relationship between Chison Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Chison Medical Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chison Stock
Chison Medical financial ratios help investors to determine whether Chison 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 Chison with respect to the benefits of owning Chison Medical security.