ChengDu Hi (China) Market Value
| 000628 Stock | 58.42 2.31 3.80% |
| Symbol | ChengDu |
ChengDu Hi '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 ChengDu Hi'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 ChengDu Hi.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in ChengDu Hi on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding ChengDu Hi Tech Development or generate 0.0% return on investment in ChengDu Hi over 720 days. ChengDu Hi is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. ChengDu Hi is entity of China. It is traded as Stock on SHE exchange. More
ChengDu Hi 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 ChengDu Hi'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 ChengDu Hi Tech Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.38 | |||
| Information Ratio | 0.1196 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (7.07) | |||
| Potential Upside | 10.0 |
ChengDu Hi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ChengDu Hi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ChengDu Hi's standard deviation. In reality, there are many statistical measures that can use ChengDu Hi historical prices to predict the future ChengDu Hi's volatility.| Risk Adjusted Performance | 0.1213 | |||
| Jensen Alpha | 0.738 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.129 | |||
| Treynor Ratio | (1.60) |
ChengDu Hi Tech Backtested Returns
ChengDu Hi appears to be not too volatile, given 3 months investment horizon. ChengDu Hi Tech secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of standard deviation over the last 3 months. By analyzing ChengDu Hi's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please makes use of ChengDu Hi's risk adjusted performance of 0.1213, and Mean Deviation of 3.62 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ChengDu Hi holds a performance score of 14. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning ChengDu Hi are expected to decrease at a much lower rate. During the bear market, ChengDu Hi is likely to outperform the market. Please check ChengDu Hi's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether ChengDu Hi's price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
ChengDu Hi Tech Development has poor predictability. Overlapping area represents the amount of predictability between ChengDu Hi time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 ChengDu Hi Tech price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current ChengDu Hi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 190.83 |
ChengDu Hi Tech lagged returns against current returns
Autocorrelation, which is ChengDu Hi 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 ChengDu Hi's stock expected returns. We can calculate the autocorrelation of ChengDu Hi returns to help us make a trade decision. For example, suppose you find that ChengDu Hi 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 |
ChengDu Hi 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 ChengDu Hi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ChengDu Hi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ChengDu Hi stock over time.
Current vs Lagged Prices |
| Timeline |
ChengDu Hi Lagged Returns
When evaluating ChengDu Hi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ChengDu Hi stock have on its future price. ChengDu Hi 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, ChengDu Hi autocorrelation shows the relationship between ChengDu Hi stock current value and its past values and can show if there is a momentum factor associated with investing in ChengDu Hi Tech Development.
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 ChengDu Stock
ChengDu Hi financial ratios help investors to determine whether ChengDu 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 ChengDu with respect to the benefits of owning ChengDu Hi security.