Circuit Fabology (China) Market Value
| 688630 Stock | 61.88 0.53 0.85% |
| Symbol | Circuit |
Circuit Fabology '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 Circuit Fabology'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 Circuit Fabology.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in Circuit Fabology on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding Circuit Fabology Microelectronics or generate 0.0% return on investment in Circuit Fabology over 180 days. Circuit Fabology is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Circuit Fabology is entity of China. It is traded as Stock on SHG exchange. More
Circuit Fabology 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 Circuit Fabology'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 Circuit Fabology Microelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.0828 | |||
| Maximum Drawdown | 30.32 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 8.39 |
Circuit Fabology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Circuit Fabology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Circuit Fabology's standard deviation. In reality, there are many statistical measures that can use Circuit Fabology historical prices to predict the future Circuit Fabology's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | 0.4229 | |||
| Total Risk Alpha | 0.2824 | |||
| Sortino Ratio | 0.1026 | |||
| Treynor Ratio | (1.05) |
Circuit Fabology Mic Backtested Returns
Circuit Fabology Mic secures Sharpe Ratio (or Efficiency) of -0.0058, which signifies that the company had a -0.0058% return per unit of risk over the last 3 months. Circuit Fabology Microelectronics exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Circuit Fabology's Risk Adjusted Performance of 0.0797, mean deviation of 3.18, and Downside Deviation of 3.82 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Circuit Fabology are expected to decrease at a much lower rate. During the bear market, Circuit Fabology is likely to outperform the market. At this point, Circuit Fabology Mic has a negative expected return of -0.0242%. Please make sure to confirm Circuit Fabology's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Circuit Fabology Mic performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.43 |
Average predictability
Circuit Fabology Microelectronics has average predictability. Overlapping area represents the amount of predictability between Circuit Fabology time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 Circuit Fabology Mic price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Circuit Fabology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 12.78 |
Circuit Fabology Mic lagged returns against current returns
Autocorrelation, which is Circuit Fabology 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 Circuit Fabology's stock expected returns. We can calculate the autocorrelation of Circuit Fabology returns to help us make a trade decision. For example, suppose you find that Circuit Fabology 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 |
Circuit Fabology 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 Circuit Fabology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Circuit Fabology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Circuit Fabology stock over time.
Current vs Lagged Prices |
| Timeline |
Circuit Fabology Lagged Returns
When evaluating Circuit Fabology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Circuit Fabology stock have on its future price. Circuit Fabology 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, Circuit Fabology autocorrelation shows the relationship between Circuit Fabology stock current value and its past values and can show if there is a momentum factor associated with investing in Circuit Fabology Microelectronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Circuit Stock
Circuit Fabology financial ratios help investors to determine whether Circuit 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 Circuit with respect to the benefits of owning Circuit Fabology security.