Changchun (China) Market Value
| 002338 Stock | 41.76 3.00 6.70% |
| Symbol | Changchun |
Changchun '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 Changchun'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 Changchun.
| 10/30/2023 |
| 11/23/2024 |
If you would invest 0.00 in Changchun on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Changchun UP Optotech or generate 0.0% return on investment in Changchun over 390 days. Changchun is related to or competes with Huatian Hotel, BTG Hotels, Nexchip Semiconductor, Jinling Hotel, Ningxia Younglight, Shandong Ruifeng, and GRINM Semiconductor. Changchun is entity of China. It is traded as Stock on SHE exchange. More
Changchun 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 Changchun'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 Changchun UP Optotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.51 | |||
| Information Ratio | 0.1523 | |||
| Maximum Drawdown | 18.3 | |||
| Value At Risk | (6.63) | |||
| Potential Upside | 9.72 |
Changchun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changchun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changchun's standard deviation. In reality, there are many statistical measures that can use Changchun historical prices to predict the future Changchun's volatility.| Risk Adjusted Performance | 0.1488 | |||
| Jensen Alpha | 0.7209 | |||
| Total Risk Alpha | 0.0991 | |||
| Sortino Ratio | 0.1825 | |||
| Treynor Ratio | 2.27 |
Changchun UP Optotech Backtested Returns
Changchun is very steady given 3 months investment horizon. Changchun UP Optotech secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of standard deviation over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.0% are justified by taking the suggested risk. Use Changchun risk adjusted performance of 0.1488, and Mean Deviation of 3.22 to evaluate company specific risk that cannot be diversified away. Changchun holds a performance score of 18 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Changchun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Changchun is expected to be smaller as well. Use Changchun market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Changchun.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Changchun UP Optotech has insignificant reverse predictability. Overlapping area represents the amount of predictability between Changchun time series from 30th of October 2023 to 12th of May 2024 and 12th of May 2024 to 23rd 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 Changchun UP Optotech price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Changchun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 39.6 |
Changchun UP Optotech lagged returns against current returns
Autocorrelation, which is Changchun 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 Changchun's stock expected returns. We can calculate the autocorrelation of Changchun returns to help us make a trade decision. For example, suppose you find that Changchun 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 |
Changchun 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 Changchun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changchun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changchun stock over time.
Current vs Lagged Prices |
| Timeline |
Changchun Lagged Returns
When evaluating Changchun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changchun stock have on its future price. Changchun 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, Changchun autocorrelation shows the relationship between Changchun stock current value and its past values and can show if there is a momentum factor associated with investing in Changchun UP Optotech.
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 Changchun Stock
Changchun financial ratios help investors to determine whether Changchun 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 Changchun with respect to the benefits of owning Changchun security.