Dongguan Chitwing (China) Market Value
| 002855 Stock | 23.06 0.81 3.39% |
| Symbol | Dongguan |
Dongguan Chitwing '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 Dongguan Chitwing'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 Dongguan Chitwing.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dongguan Chitwing on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dongguan Chitwing Technology or generate 0.0% return on investment in Dongguan Chitwing over 60 days. Dongguan Chitwing is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Dongguan Chitwing is entity of China. It is traded as Stock on SHE exchange. More
Dongguan Chitwing 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 Dongguan Chitwing'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 Dongguan Chitwing Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.95 | |||
| Information Ratio | 0.0848 | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (5.68) | |||
| Potential Upside | 9.98 |
Dongguan Chitwing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongguan Chitwing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongguan Chitwing's standard deviation. In reality, there are many statistical measures that can use Dongguan Chitwing historical prices to predict the future Dongguan Chitwing's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 0.4724 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.1003 | |||
| Treynor Ratio | 1.52 |
Dongguan Chitwing Backtested Returns
Dongguan Chitwing appears to be not too volatile, given 3 months investment horizon. Dongguan Chitwing secures Sharpe Ratio (or Efficiency) of 0.0867, which denotes the company had a 0.0867% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Dongguan Chitwing Technology, which you can use to evaluate the volatility of the firm. Please utilize Dongguan Chitwing's Downside Deviation of 3.95, mean deviation of 3.64, and Coefficient Of Variation of 895.7 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongguan Chitwing holds a performance score of 6. The firm shows a Beta (market volatility) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dongguan Chitwing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dongguan Chitwing is expected to be smaller as well. Please check Dongguan Chitwing's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Dongguan Chitwing's price patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Dongguan Chitwing Technology has average predictability. Overlapping area represents the amount of predictability between Dongguan Chitwing time series from 30th of September 2024 to 30th of October 2024 and 30th 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 Dongguan Chitwing price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Dongguan Chitwing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 3.25 |
Dongguan Chitwing lagged returns against current returns
Autocorrelation, which is Dongguan Chitwing 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 Dongguan Chitwing's stock expected returns. We can calculate the autocorrelation of Dongguan Chitwing returns to help us make a trade decision. For example, suppose you find that Dongguan Chitwing 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 |
Dongguan Chitwing 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 Dongguan Chitwing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongguan Chitwing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongguan Chitwing stock over time.
Current vs Lagged Prices |
| Timeline |
Dongguan Chitwing Lagged Returns
When evaluating Dongguan Chitwing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongguan Chitwing stock have on its future price. Dongguan Chitwing 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, Dongguan Chitwing autocorrelation shows the relationship between Dongguan Chitwing stock current value and its past values and can show if there is a momentum factor associated with investing in Dongguan Chitwing Technology.
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 Dongguan Stock
Dongguan Chitwing financial ratios help investors to determine whether Dongguan 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 Dongguan with respect to the benefits of owning Dongguan Chitwing security.