Chongqing Changan (China) Market Value
| 000625 Stock | 12.55 0.10 0.79% |
| Symbol | Chongqing |
Chongqing Changan '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 Chongqing Changan'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 Chongqing Changan.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Chongqing Changan on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Chongqing Changan Automobile or generate 0.0% return on investment in Chongqing Changan over 30 days. Chongqing Changan is related to or competes with Shandong Intco, Huizhou Speed, Fiberhome Telecommunicatio, Kontour (Xian), Allgens Medical, Holitech Technology, and APT Medical. Chongqing Changan is entity of China. It is traded as Stock on SHE exchange. More
Chongqing Changan 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 Chongqing Changan'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 Chongqing Changan Automobile upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.44 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.18 |
Chongqing Changan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Changan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Changan's standard deviation. In reality, there are many statistical measures that can use Chongqing Changan historical prices to predict the future Chongqing Changan's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 4.11 |
Chongqing Changan Backtested Returns
Chongqing Changan secures Sharpe Ratio (or Efficiency) of -0.0913, which signifies that the company had a -0.0913 % return per unit of risk over the last 3 months. Chongqing Changan Automobile exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chongqing Changan's Mean Deviation of 1.46, risk adjusted performance of (0.03), and Standard Deviation of 2.2 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0264, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chongqing Changan are expected to decrease at a much lower rate. During the bear market, Chongqing Changan is likely to outperform the market. At this point, Chongqing Changan has a negative expected return of -0.19%. Please make sure to confirm Chongqing Changan's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Chongqing Changan performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Chongqing Changan Automobile has good predictability. Overlapping area represents the amount of predictability between Chongqing Changan time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Chongqing Changan price movement. The serial correlation of 0.67 indicates that around 67.0% of current Chongqing Changan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Chongqing Changan lagged returns against current returns
Autocorrelation, which is Chongqing Changan 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 Chongqing Changan's stock expected returns. We can calculate the autocorrelation of Chongqing Changan returns to help us make a trade decision. For example, suppose you find that Chongqing Changan 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 |
Chongqing Changan 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 Chongqing Changan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Changan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Changan stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Changan Lagged Returns
When evaluating Chongqing Changan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Changan stock have on its future price. Chongqing Changan 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, Chongqing Changan autocorrelation shows the relationship between Chongqing Changan stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Changan Automobile.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in Chongqing Stock
Chongqing Changan financial ratios help investors to determine whether Chongqing 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 Chongqing with respect to the benefits of owning Chongqing Changan security.