Chemours (UK) Market Value
| 0HWG Stock | 20.05 1.00 4.75% |
| Symbol | Chemours |
Chemours '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 Chemours' 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 Chemours.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Chemours on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Chemours Co or generate 0.0% return on investment in Chemours over 360 days. Chemours is related to or competes with Ameriprise Financial, Royal Bank, Komercni Banka, European Metals, Endeavour Mining, Cembra Money, and Erste Group. Chemours is entity of United Kingdom. It is traded as Stock on LSE exchange. More
Chemours 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 Chemours' 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 Chemours Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.62 | |||
| Information Ratio | 0.0243 | |||
| Maximum Drawdown | 18.23 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 5.41 |
Chemours Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemours' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemours' standard deviation. In reality, there are many statistical measures that can use Chemours historical prices to predict the future Chemours' volatility.| Risk Adjusted Performance | 0.052 | |||
| Jensen Alpha | 0.131 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | 0.0314 | |||
| Treynor Ratio | 0.3426 |
Chemours Backtested Returns
Chemours appears to be not too volatile, given 3 months investment horizon. Chemours secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chemours Co, which you can use to evaluate the volatility of the firm. Please makes use of Chemours' risk adjusted performance of 0.052, and Mean Deviation of 2.42 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chemours holds a performance score of 10. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chemours' returns are expected to increase less than the market. However, during the bear market, the loss of holding Chemours is expected to be smaller as well. Please check Chemours' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chemours' price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Chemours Co has modest predictability. Overlapping area represents the amount of predictability between Chemours 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 Chemours price movement. The serial correlation of 0.52 indicates that about 52.0% of current Chemours price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 4.52 |
Chemours lagged returns against current returns
Autocorrelation, which is Chemours 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 Chemours' stock expected returns. We can calculate the autocorrelation of Chemours returns to help us make a trade decision. For example, suppose you find that Chemours 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 |
Chemours 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 Chemours stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemours stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemours stock over time.
Current vs Lagged Prices |
| Timeline |
Chemours Lagged Returns
When evaluating Chemours' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemours stock have on its future price. Chemours 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, Chemours autocorrelation shows the relationship between Chemours stock current value and its past values and can show if there is a momentum factor associated with investing in Chemours Co.
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.Additional Tools for Chemours Stock Analysis
When running Chemours' price analysis, check to measure Chemours' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chemours is operating at the current time. Most of Chemours' value examination focuses on studying past and present price action to predict the probability of Chemours' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemours' price. Additionally, you may evaluate how the addition of Chemours to your portfolios can decrease your overall portfolio volatility.