CSPC PHARMACEUTGR (Germany) Market Value
| CVGU Stock | EUR 2.12 0.08 3.92% |
| Symbol | CSPC |
CSPC PHARMACEUTGR '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 CSPC PHARMACEUTGR'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 CSPC PHARMACEUTGR.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in CSPC PHARMACEUTGR on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding CSPC PHARMACEUTGR ADR4 or generate 0.0% return on investment in CSPC PHARMACEUTGR over 90 days. CSPC PHARMACEUTGR is related to or competes with Johnson Johnson, Merck, Roche Holding, Amgen, Bayer AG, Bayer Aktiengesellscha, and Biogen. CSPC Pharmaceutical Group Limited, an investment holding company, engages in the research and development, manufacture, ... More
CSPC PHARMACEUTGR 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 CSPC PHARMACEUTGR'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 CSPC PHARMACEUTGR ADR4 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0291 | |||
| Maximum Drawdown | 20.41 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.77 |
CSPC PHARMACEUTGR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSPC PHARMACEUTGR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSPC PHARMACEUTGR's standard deviation. In reality, there are many statistical measures that can use CSPC PHARMACEUTGR historical prices to predict the future CSPC PHARMACEUTGR's volatility.| Risk Adjusted Performance | 1.0E-4 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | 0.3073 | |||
| Treynor Ratio | 0.1032 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CSPC PHARMACEUTGR's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
CSPC PHARMACEUTGR ADR4 Backtested Returns
At this point, CSPC PHARMACEUTGR is very risky. CSPC PHARMACEUTGR ADR4 secures Sharpe Ratio (or Efficiency) of 0.0192, which signifies that the company had a 0.0192 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for CSPC PHARMACEUTGR ADR4, which you can use to evaluate the volatility of the firm. Please confirm CSPC PHARMACEUTGR's risk adjusted performance of 1.0E-4, and Mean Deviation of 1.73 to double-check if the risk estimate we provide is consistent with the expected return of 0.053%. CSPC PHARMACEUTGR has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CSPC PHARMACEUTGR are expected to decrease at a much lower rate. During the bear market, CSPC PHARMACEUTGR is likely to outperform the market. CSPC PHARMACEUTGR ADR4 currently shows a risk of 2.76%. Please confirm CSPC PHARMACEUTGR ADR4 treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if CSPC PHARMACEUTGR ADR4 will be following its price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
CSPC PHARMACEUTGR ADR4 has good reverse predictability. Overlapping area represents the amount of predictability between CSPC PHARMACEUTGR time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CSPC PHARMACEUTGR ADR4 price movement. The serial correlation of -0.51 indicates that about 51.0% of current CSPC PHARMACEUTGR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CSPC PHARMACEUTGR ADR4 lagged returns against current returns
Autocorrelation, which is CSPC PHARMACEUTGR 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 CSPC PHARMACEUTGR's stock expected returns. We can calculate the autocorrelation of CSPC PHARMACEUTGR returns to help us make a trade decision. For example, suppose you find that CSPC PHARMACEUTGR 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 |
CSPC PHARMACEUTGR 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 CSPC PHARMACEUTGR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSPC PHARMACEUTGR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSPC PHARMACEUTGR stock over time.
Current vs Lagged Prices |
| Timeline |
CSPC PHARMACEUTGR Lagged Returns
When evaluating CSPC PHARMACEUTGR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSPC PHARMACEUTGR stock have on its future price. CSPC PHARMACEUTGR 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, CSPC PHARMACEUTGR autocorrelation shows the relationship between CSPC PHARMACEUTGR stock current value and its past values and can show if there is a momentum factor associated with investing in CSPC PHARMACEUTGR ADR4.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CSPC Stock
CSPC PHARMACEUTGR financial ratios help investors to determine whether CSPC 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 CSPC with respect to the benefits of owning CSPC PHARMACEUTGR security.