Chongqing Zhifei (China) Market Value
| 300122 Stock | 29.45 0.50 1.73% |
| Symbol | Chongqing |
Chongqing Zhifei '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 Zhifei'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 Zhifei.
| 09/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Chongqing Zhifei on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Zhifei Bio or generate 0.0% return on investment in Chongqing Zhifei over 60 days. Chongqing Zhifei is related to or competes with Western Metal, Leyard Optoelectronic, Nantong Haixing, Shaanxi Meineng, Kunshan Guoli, Leaguer Shenzhen, and Ningbo Jianan. Chongqing Zhifei is entity of China. It is traded as Stock on SHE exchange. More
Chongqing Zhifei 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 Zhifei'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 Zhifei Bio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.44 | |||
| Information Ratio | 0.0553 | |||
| Maximum Drawdown | 29.17 | |||
| Value At Risk | (5.21) | |||
| Potential Upside | 8.62 |
Chongqing Zhifei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Zhifei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Zhifei's standard deviation. In reality, there are many statistical measures that can use Chongqing Zhifei historical prices to predict the future Chongqing Zhifei's volatility.| Risk Adjusted Performance | 0.0697 | |||
| Jensen Alpha | 0.4654 | |||
| Total Risk Alpha | (0.37) | |||
| Sortino Ratio | 0.0819 | |||
| Treynor Ratio | (0.67) |
Chongqing Zhifei Bio Backtested Returns
Chongqing Zhifei appears to be not too volatile, given 3 months investment horizon. Chongqing Zhifei Bio secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. By analyzing Chongqing Zhifei's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of Chongqing Zhifei's Downside Deviation of 3.44, mean deviation of 3.23, and Risk Adjusted Performance of 0.0697 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing Zhifei holds a performance score of 8. The firm shows a Beta (market volatility) of -0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chongqing Zhifei are expected to decrease at a much lower rate. During the bear market, Chongqing Zhifei is likely to outperform the market. Please check Chongqing Zhifei's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Chongqing Zhifei's price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Chongqing Zhifei Bio has poor reverse predictability. Overlapping area represents the amount of predictability between Chongqing Zhifei time series from 29th of September 2024 to 29th of October 2024 and 29th of October 2024 to 28th 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 Zhifei Bio price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Chongqing Zhifei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.78 |
Chongqing Zhifei Bio lagged returns against current returns
Autocorrelation, which is Chongqing Zhifei 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 Zhifei's stock expected returns. We can calculate the autocorrelation of Chongqing Zhifei returns to help us make a trade decision. For example, suppose you find that Chongqing Zhifei 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 Zhifei 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 Zhifei stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Zhifei stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Zhifei stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Zhifei Lagged Returns
When evaluating Chongqing Zhifei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Zhifei stock have on its future price. Chongqing Zhifei 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 Zhifei autocorrelation shows the relationship between Chongqing Zhifei stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Zhifei Bio.
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 Zhifei 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 Zhifei security.