Changzhou Evergreen (China) Market Value
| 001324 Stock | 17.75 0.70 3.79% |
| Symbol | Changzhou |
Changzhou Evergreen '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 Changzhou Evergreen'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 Changzhou Evergreen.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Changzhou Evergreen on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Changzhou Evergreen Technology or generate 0.0% return on investment in Changzhou Evergreen over 720 days. Changzhou Evergreen is related to or competes with Changchun Faway, Eastern Communications, Lander Sports, Sunwave Communications, Anhui Transport, and Nanjing Putian. Changzhou Evergreen is entity of China. It is traded as Stock on SHE exchange. More
Changzhou Evergreen 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 Changzhou Evergreen'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 Changzhou Evergreen Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | 0.035 | |||
| Maximum Drawdown | 17.39 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 4.25 |
Changzhou Evergreen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changzhou Evergreen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changzhou Evergreen's standard deviation. In reality, there are many statistical measures that can use Changzhou Evergreen historical prices to predict the future Changzhou Evergreen's volatility.| Risk Adjusted Performance | 0.0678 | |||
| Jensen Alpha | 0.2499 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0367 | |||
| Treynor Ratio | (1.05) |
Changzhou Evergreen Backtested Returns
Changzhou Evergreen appears to be somewhat reliable, given 3 months investment horizon. Changzhou Evergreen secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Changzhou Evergreen Technology, which you can use to evaluate the volatility of the firm. Please makes use of Changzhou Evergreen's mean deviation of 2.21, and Risk Adjusted Performance of 0.0678 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changzhou Evergreen holds a performance score of 8. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Changzhou Evergreen are expected to decrease at a much lower rate. During the bear market, Changzhou Evergreen is likely to outperform the market. Please check Changzhou Evergreen's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Changzhou Evergreen's price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Changzhou Evergreen Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between Changzhou Evergreen time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Changzhou Evergreen price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Changzhou Evergreen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 8.01 |
Changzhou Evergreen lagged returns against current returns
Autocorrelation, which is Changzhou Evergreen 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 Changzhou Evergreen's stock expected returns. We can calculate the autocorrelation of Changzhou Evergreen returns to help us make a trade decision. For example, suppose you find that Changzhou Evergreen 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 |
Changzhou Evergreen 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 Changzhou Evergreen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changzhou Evergreen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changzhou Evergreen stock over time.
Current vs Lagged Prices |
| Timeline |
Changzhou Evergreen Lagged Returns
When evaluating Changzhou Evergreen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changzhou Evergreen stock have on its future price. Changzhou Evergreen 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, Changzhou Evergreen autocorrelation shows the relationship between Changzhou Evergreen stock current value and its past values and can show if there is a momentum factor associated with investing in Changzhou Evergreen Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Changzhou Stock
Changzhou Evergreen financial ratios help investors to determine whether Changzhou 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 Changzhou with respect to the benefits of owning Changzhou Evergreen security.