China Green Agriculture Market Value
| CGADelisted Stock | USD 1.98 0.02 1.02% |
| Symbol | China |
China Green '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 China Green'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 China Green.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in China Green on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding China Green Agriculture or generate 0.0% return on investment in China Green over 30 days. China Green is related to or competes with KS AG, Intrepid Potash, Bioceres Crop, American Vanguard, Lavoro Limited, ICL Israel, and Corteva. China Green Agriculture, Inc., through its subsidiaries, engages in the research, development, production, and sale of v... More
China Green 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 China Green'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 China Green Agriculture upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.04 | |||
| Information Ratio | 0.0278 | |||
| Maximum Drawdown | 54.67 | |||
| Value At Risk | (10.10) | |||
| Potential Upside | 10.0 |
China Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Green's standard deviation. In reality, there are many statistical measures that can use China Green historical prices to predict the future China Green's volatility.| Risk Adjusted Performance | 0.0427 | |||
| Jensen Alpha | 0.6934 | |||
| Total Risk Alpha | (1.06) | |||
| Sortino Ratio | 0.0337 | |||
| Treynor Ratio | (0.14) |
China Green Agriculture Backtested Returns
China Green appears to be extremely dangerous, given 3 months investment horizon. China Green Agriculture secures Sharpe Ratio (or Efficiency) of 0.0648, which signifies that the company had a 0.0648% return per unit of risk over the last 3 months. By analyzing China Green's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of China Green's Mean Deviation of 5.83, downside deviation of 7.04, and Risk Adjusted Performance of 0.0427 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Green holds a performance score of 5. The firm shows a Beta (market volatility) of -2.57, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning China Green are expected to decrease by larger amounts. On the other hand, during market turmoil, China Green is expected to outperform it. Please check China Green's sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether China Green's price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
China Green Agriculture has modest reverse predictability. Overlapping area represents the amount of predictability between China Green time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 China Green Agriculture price movement. The serial correlation of -0.48 indicates that about 48.0% of current China Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
China Green Agriculture lagged returns against current returns
Autocorrelation, which is China Green 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 China Green's stock expected returns. We can calculate the autocorrelation of China Green returns to help us make a trade decision. For example, suppose you find that China Green 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 |
China Green 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 China Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Green stock over time.
Current vs Lagged Prices |
| Timeline |
China Green Lagged Returns
When evaluating China Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Green stock have on its future price. China Green 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, China Green autocorrelation shows the relationship between China Green stock current value and its past values and can show if there is a momentum factor associated with investing in China Green Agriculture.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out China Green Correlation, China Green Volatility and China Green Alpha and Beta module to complement your research on China Green. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Other Consideration for investing in China Stock
If you are still planning to invest in China Green Agriculture check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the China Green's history and understand the potential risks before investing.
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