Suzhou Cheersson (China) Market Value
| 002976 Stock | 25.49 0.03 0.12% |
| Symbol | Suzhou |
Suzhou Cheersson '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 Suzhou Cheersson'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 Suzhou Cheersson.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Suzhou Cheersson on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Suzhou Cheersson Precision or generate 0.0% return on investment in Suzhou Cheersson over 360 days. Suzhou Cheersson is related to or competes with Sichuan Jinshi, Hainan Airlines, Zhongtong Guomai, Easyhome New, Spring Airlines, Xinjiang Communications, and State Grid. Suzhou Cheersson is entity of China. It is traded as Stock on SHE exchange. More
Suzhou Cheersson 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 Suzhou Cheersson'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 Suzhou Cheersson Precision upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.33 | |||
| Information Ratio | 0.061 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (4.66) | |||
| Potential Upside | 8.57 |
Suzhou Cheersson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suzhou Cheersson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suzhou Cheersson's standard deviation. In reality, there are many statistical measures that can use Suzhou Cheersson historical prices to predict the future Suzhou Cheersson's volatility.| Risk Adjusted Performance | 0.0765 | |||
| Jensen Alpha | 0.3662 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0676 | |||
| Treynor Ratio | (1.44) |
Suzhou Cheersson Pre Backtested Returns
Suzhou Cheersson appears to be not too volatile, given 3 months investment horizon. Suzhou Cheersson Pre owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Suzhou Cheersson Precision, which you can use to evaluate the volatility of the company. Please review Suzhou Cheersson's Semi Deviation of 3.11, coefficient of variation of 1054.74, and Risk Adjusted Performance of 0.0765 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Suzhou Cheersson holds a performance score of 9. The entity has a beta of -0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Suzhou Cheersson are expected to decrease at a much lower rate. During the bear market, Suzhou Cheersson is likely to outperform the market. Please check Suzhou Cheersson's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Suzhou Cheersson's existing price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Suzhou Cheersson Precision has very weak reverse predictability. Overlapping area represents the amount of predictability between Suzhou Cheersson time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th of December 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 Suzhou Cheersson Pre price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Suzhou Cheersson price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 3.34 |
Suzhou Cheersson Pre lagged returns against current returns
Autocorrelation, which is Suzhou Cheersson 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 Suzhou Cheersson's stock expected returns. We can calculate the autocorrelation of Suzhou Cheersson returns to help us make a trade decision. For example, suppose you find that Suzhou Cheersson 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 |
Suzhou Cheersson 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 Suzhou Cheersson stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suzhou Cheersson stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suzhou Cheersson stock over time.
Current vs Lagged Prices |
| Timeline |
Suzhou Cheersson Lagged Returns
When evaluating Suzhou Cheersson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suzhou Cheersson stock have on its future price. Suzhou Cheersson 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, Suzhou Cheersson autocorrelation shows the relationship between Suzhou Cheersson stock current value and its past values and can show if there is a momentum factor associated with investing in Suzhou Cheersson Precision.
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 Suzhou Stock
Suzhou Cheersson financial ratios help investors to determine whether Suzhou 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 Suzhou with respect to the benefits of owning Suzhou Cheersson security.