Change Financial (Australia) Market Value
| CCA Stock | 0.06 0 6.25% |
| Symbol | Change |
Change Financial '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 Change Financial'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 Change Financial.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Change Financial on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Change Financial Limited or generate 0.0% return on investment in Change Financial over 30 days. Change Financial is related to or competes with Audio Pixels, Chilwa Minerals, and Chalice Mining. Change Financial is entity of Australia. It is traded as Stock on AU exchange. More
Change Financial 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 Change Financial'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 Change Financial Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.29 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 5.41 |
Change Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Change Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Change Financial's standard deviation. In reality, there are many statistical measures that can use Change Financial historical prices to predict the future Change Financial's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | 0.5051 |
Change Financial Backtested Returns
Change Financial secures Sharpe Ratio (or Efficiency) of -0.0803, which signifies that the company had a -0.0803% return per unit of standard deviation over the last 3 months. Change Financial Limited exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Change Financial's risk adjusted performance of (0.06), and Mean Deviation of 2.54 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Change Financial are expected to decrease at a much lower rate. During the bear market, Change Financial is likely to outperform the market. At this point, Change Financial has a negative expected return of -0.28%. Please make sure to confirm Change Financial's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if Change Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.37 |
Poor reverse predictability
Change Financial Limited has poor reverse predictability. Overlapping area represents the amount of predictability between Change Financial time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Change Financial price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Change Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Change Financial lagged returns against current returns
Autocorrelation, which is Change Financial 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 Change Financial's stock expected returns. We can calculate the autocorrelation of Change Financial returns to help us make a trade decision. For example, suppose you find that Change Financial 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 |
Change Financial 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 Change Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Change Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Change Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Change Financial Lagged Returns
When evaluating Change Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Change Financial stock have on its future price. Change Financial 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, Change Financial autocorrelation shows the relationship between Change Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Change Financial Limited.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Change Stock Analysis
When running Change Financial's price analysis, check to measure Change Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Change Financial is operating at the current time. Most of Change Financial's value examination focuses on studying past and present price action to predict the probability of Change Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Change Financial's price. Additionally, you may evaluate how the addition of Change Financial to your portfolios can decrease your overall portfolio volatility.