Chongqing Landai (China) Market Value
| 002765 Stock | 8.58 0.32 3.87% |
| Symbol | Chongqing |
Chongqing Landai '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 Landai'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 Landai.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Chongqing Landai on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Landai Powertrain or generate 0.0% return on investment in Chongqing Landai over 90 days. Chongqing Landai is related to or competes with Tongling Nonferrous, Chengtun Mining, Beijing HuaYuanYiTong, Anhui Transport, Ye Chiu, Zhejiang Yongjin, and Jiangsu Financial. More
Chongqing Landai 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 Landai'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 Landai Powertrain upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.56 | |||
| Information Ratio | 0.1854 | |||
| Maximum Drawdown | 20.09 | |||
| Value At Risk | (9.72) | |||
| Potential Upside | 10.04 |
Chongqing Landai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Landai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Landai's standard deviation. In reality, there are many statistical measures that can use Chongqing Landai historical prices to predict the future Chongqing Landai's volatility.| Risk Adjusted Performance | 0.1695 | |||
| Jensen Alpha | 1.1 | |||
| Total Risk Alpha | 0.2916 | |||
| Sortino Ratio | 0.2056 | |||
| Treynor Ratio | (2.37) |
Chongqing Landai Pow Backtested Returns
Chongqing Landai is moderately volatile given 3 months investment horizon. Chongqing Landai Pow secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use Chongqing Landai Risk Adjusted Performance of 0.1695, mean deviation of 3.83, and Downside Deviation of 4.56 to evaluate company specific risk that cannot be diversified away. Chongqing Landai holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chongqing Landai are expected to decrease at a much lower rate. During the bear market, Chongqing Landai is likely to outperform the market. Use Chongqing Landai downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Chongqing Landai.
Auto-correlation | 0.78 |
Good predictability
Chongqing Landai Powertrain has good predictability. Overlapping area represents the amount of predictability between Chongqing Landai time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Chongqing Landai Pow price movement. The serial correlation of 0.78 indicates that around 78.0% of current Chongqing Landai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 4.52 |
Chongqing Landai Pow lagged returns against current returns
Autocorrelation, which is Chongqing Landai 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 Landai's stock expected returns. We can calculate the autocorrelation of Chongqing Landai returns to help us make a trade decision. For example, suppose you find that Chongqing Landai 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 Landai 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 Landai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Landai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Landai stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Landai Lagged Returns
When evaluating Chongqing Landai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Landai stock have on its future price. Chongqing Landai 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 Landai autocorrelation shows the relationship between Chongqing Landai stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Landai Powertrain.
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 Landai 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 Landai security.