CSSC Offshore (Germany) Market Value
| GSZ Stock | 1.24 0.04 3.33% |
| Symbol | CSSC |
CSSC Offshore '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 CSSC Offshore'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 CSSC Offshore.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in CSSC Offshore on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding CSSC Offshore Marine or generate 0.0% return on investment in CSSC Offshore over 90 days. CSSC Offshore is related to or competes with Rogers Communications, Computer, T-MOBILE, Micron Technology, SMA Solar, Check Point, and INTERSHOP Communications. More
CSSC Offshore 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 CSSC Offshore'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 CSSC Offshore Marine upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 18.41 | |||
| Value At Risk | (5.70) | |||
| Potential Upside | 6.62 |
CSSC Offshore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSSC Offshore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSSC Offshore's standard deviation. In reality, there are many statistical measures that can use CSSC Offshore historical prices to predict the future CSSC Offshore's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | 2.19 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CSSC Offshore'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.
CSSC Offshore Marine Backtested Returns
CSSC Offshore Marine secures Sharpe Ratio (or Efficiency) of -0.0571, which signifies that the company had a -0.0571% return per unit of volatility over the last 3 months. CSSC Offshore Marine exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSSC Offshore's risk adjusted performance of (0.07), and Mean Deviation of 2.48 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CSSC Offshore are expected to decrease at a much lower rate. During the bear market, CSSC Offshore is likely to outperform the market. At this point, CSSC Offshore Marine has a negative expected return of -0.19%. Please make sure to confirm CSSC Offshore's jensen alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if CSSC Offshore Marine performance from the past will be repeated at future time.
Auto-correlation | -0.19 |
Insignificant reverse predictability
CSSC Offshore Marine has insignificant reverse predictability. Overlapping area represents the amount of predictability between CSSC Offshore time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 CSSC Offshore Marine price movement. The serial correlation of -0.19 indicates that over 19.0% of current CSSC Offshore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
CSSC Offshore Marine lagged returns against current returns
Autocorrelation, which is CSSC Offshore 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 CSSC Offshore's stock expected returns. We can calculate the autocorrelation of CSSC Offshore returns to help us make a trade decision. For example, suppose you find that CSSC Offshore 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 |
CSSC Offshore 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 CSSC Offshore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSSC Offshore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSSC Offshore stock over time.
Current vs Lagged Prices |
| Timeline |
CSSC Offshore Lagged Returns
When evaluating CSSC Offshore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSSC Offshore stock have on its future price. CSSC Offshore 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, CSSC Offshore autocorrelation shows the relationship between CSSC Offshore stock current value and its past values and can show if there is a momentum factor associated with investing in CSSC Offshore Marine.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CSSC Stock Analysis
When running CSSC Offshore's price analysis, check to measure CSSC Offshore'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 CSSC Offshore is operating at the current time. Most of CSSC Offshore's value examination focuses on studying past and present price action to predict the probability of CSSC Offshore's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSSC Offshore's price. Additionally, you may evaluate how the addition of CSSC Offshore to your portfolios can decrease your overall portfolio volatility.