China Hongqiao Group Stock Market Value
| CHHQF Stock | USD 1.66 0.00 0.00% |
| Symbol | China |
China Hongqiao '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 Hongqiao's pink sheet 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 Hongqiao.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in China Hongqiao on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding China Hongqiao Group or generate 0.0% return on investment in China Hongqiao over 210 days. China Hongqiao is related to or competes with Kaiser Aluminum, Century Aluminum, Constellium, and Alcoa Corp. China Hongqiao Group Limited, an investment holding company, manufactures and sells aluminum products in the Peoples Rep... More
China Hongqiao 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 Hongqiao's pink sheet 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 Hongqiao Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1746 | |||
| Maximum Drawdown | 47.66 | |||
| Potential Upside | 3.88 |
China Hongqiao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Hongqiao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Hongqiao's standard deviation. In reality, there are many statistical measures that can use China Hongqiao historical prices to predict the future China Hongqiao's volatility.| Risk Adjusted Performance | 0.1559 | |||
| Jensen Alpha | 1.69 | |||
| Total Risk Alpha | 0.188 | |||
| Treynor Ratio | (0.99) |
China Hongqiao Group Backtested Returns
China Hongqiao is extremely dangerous given 3 months investment horizon. China Hongqiao Group secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. We were able to break down and collect data for seventeen different technical indicators, which can help you to evaluate if expected returns of 1.56% are justified by taking the suggested risk. Use China Hongqiao Risk Adjusted Performance of 0.1559, mean deviation of 2.84, and Standard Deviation of 7.86 to evaluate company specific risk that cannot be diversified away. China Hongqiao holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -1.51, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning China Hongqiao are expected to decrease by larger amounts. On the other hand, during market turmoil, China Hongqiao is expected to outperform it. Use China Hongqiao coefficient of variation, jensen alpha, as well as the relationship between the Jensen Alpha and kurtosis , to analyze future returns on China Hongqiao.
Auto-correlation | 0.41 |
Average predictability
China Hongqiao Group has average predictability. Overlapping area represents the amount of predictability between China Hongqiao time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 China Hongqiao Group price movement. The serial correlation of 0.41 indicates that just about 41.0% of current China Hongqiao price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
China Hongqiao Group lagged returns against current returns
Autocorrelation, which is China Hongqiao pink sheet'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 Hongqiao's pink sheet expected returns. We can calculate the autocorrelation of China Hongqiao returns to help us make a trade decision. For example, suppose you find that China Hongqiao has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Hongqiao 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 Hongqiao pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Hongqiao pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Hongqiao pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Hongqiao Lagged Returns
When evaluating China Hongqiao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Hongqiao pink sheet have on its future price. China Hongqiao 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 Hongqiao autocorrelation shows the relationship between China Hongqiao pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Hongqiao Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Hongqiao financial ratios help investors to determine whether China Pink Sheet 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 China with respect to the benefits of owning China Hongqiao security.