Chengdu Xinzhu (China) Market Value
| 002480 Stock | 4.91 0.19 4.03% |
| Symbol | Chengdu |
Chengdu Xinzhu '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 Xinzhu'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 Xinzhu.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chengdu Xinzhu on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Chengdu Xinzhu RoadBridge or generate 0.0% return on investment in Chengdu Xinzhu over 30 days. Chengdu Xinzhu is related to or competes with Guangdong Marubi, Xinjiang Baodi, Everdisplay Optronics, Hainan Mining, Guangdong Jingyi, Gem Year, and Gansu Yasheng. Chengdu Xinzhu is entity of China. It is traded as Stock on SHE exchange. More
Chengdu Xinzhu 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 Xinzhu'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 Xinzhu RoadBridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.1653 | |||
| Maximum Drawdown | 20.08 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 7.73 |
Chengdu Xinzhu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu Xinzhu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu Xinzhu's standard deviation. In reality, there are many statistical measures that can use Chengdu Xinzhu historical prices to predict the future Chengdu Xinzhu's volatility.| Risk Adjusted Performance | 0.162 | |||
| Jensen Alpha | 0.7482 | |||
| Total Risk Alpha | 0.1545 | |||
| Sortino Ratio | 0.1924 | |||
| Treynor Ratio | (1.92) |
Chengdu Xinzhu RoadBridge Backtested Returns
Chengdu Xinzhu appears to be relatively risky, given 3 months investment horizon. Chengdu Xinzhu RoadBridge secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of standard deviation over the last 3 months. By analyzing Chengdu Xinzhu's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of Chengdu Xinzhu's risk adjusted performance of 0.162, and Mean Deviation of 2.49 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chengdu Xinzhu holds a performance score of 16. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chengdu Xinzhu are expected to decrease at a much lower rate. During the bear market, Chengdu Xinzhu is likely to outperform the market. Please check Chengdu Xinzhu's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chengdu Xinzhu's price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Chengdu Xinzhu RoadBridge has poor predictability. Overlapping area represents the amount of predictability between Chengdu Xinzhu time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 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 Chengdu Xinzhu RoadBridge price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Chengdu Xinzhu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Chengdu Xinzhu RoadBridge lagged returns against current returns
Autocorrelation, which is Chengdu Xinzhu 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 Xinzhu's stock expected returns. We can calculate the autocorrelation of Chengdu Xinzhu returns to help us make a trade decision. For example, suppose you find that Chengdu Xinzhu 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 Xinzhu 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 Xinzhu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu Xinzhu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu Xinzhu stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu Xinzhu Lagged Returns
When evaluating Chengdu Xinzhu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu Xinzhu stock have on its future price. Chengdu Xinzhu 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 Xinzhu autocorrelation shows the relationship between Chengdu Xinzhu stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu Xinzhu RoadBridge.
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 Xinzhu 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 Xinzhu security.