Chongqing Changan (China) Market Value
| 200625 Stock | 3.65 0.08 2.14% |
| Symbol | Chongqing |
Chongqing Changan '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 Changan'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 Changan.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Chongqing Changan on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Changan Automobile or generate 0.0% return on investment in Chongqing Changan over 60 days. Chongqing Changan is related to or competes with Shenyang Huitian, Longmaster Information, Yonyou Auto, Guangzhou Ruoyuchen, Westone Information, Northking Information, and China Marine. Chongqing Changan is entity of China. It is traded as Stock on SHE exchange. More
Chongqing Changan 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 Changan'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 Changan Automobile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 10.02 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 3.36 |
Chongqing Changan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Changan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Changan's standard deviation. In reality, there are many statistical measures that can use Chongqing Changan historical prices to predict the future Chongqing Changan's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.02) |
Chongqing Changan Backtested Returns
At this point, Chongqing Changan is moderately volatile. Chongqing Changan secures Sharpe Ratio (or Efficiency) of 0.0798, which signifies that the company had a 0.0798% return per unit of risk over the last 3 months. We have found thirty technical indicators for Chongqing Changan Automobile, which you can use to evaluate the volatility of the firm. Please confirm Chongqing Changan's Downside Deviation of 2.26, risk adjusted performance of 0.0097, and Mean Deviation of 1.6 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. Chongqing Changan has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0345, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chongqing Changan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chongqing Changan is expected to be smaller as well. Chongqing Changan right now shows a risk of 2.09%. Please confirm Chongqing Changan standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Chongqing Changan will be following its price patterns.
Auto-correlation | -0.6 |
Good reverse predictability
Chongqing Changan Automobile has good reverse predictability. Overlapping area represents the amount of predictability between Chongqing Changan time series from 24th of September 2024 to 24th of October 2024 and 24th of October 2024 to 23rd 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 Changan price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Chongqing Changan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Chongqing Changan lagged returns against current returns
Autocorrelation, which is Chongqing Changan 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 Changan's stock expected returns. We can calculate the autocorrelation of Chongqing Changan returns to help us make a trade decision. For example, suppose you find that Chongqing Changan 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 Changan 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 Changan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Changan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Changan stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Changan Lagged Returns
When evaluating Chongqing Changan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Changan stock have on its future price. Chongqing Changan 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 Changan autocorrelation shows the relationship between Chongqing Changan stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Changan Automobile.
Regressed Prices |
| Timeline |
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Chongqing Changan 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 Changan security.