Chaozhou Three (China) Market Value
| 300408 Stock | 36.28 1.49 4.28% |
| Symbol | Chaozhou |
Chaozhou Three '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 Chaozhou Three'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 Chaozhou Three.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Chaozhou Three on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Chaozhou Three circle Group or generate 0.0% return on investment in Chaozhou Three over 30 days. Chaozhou Three is related to or competes with Chongqing Shunbo, Zoy Home, Qumei Furniture, Shanghai Shuixing, Guangdong Jingyi, Rising Nonferrous, and Jiaozuo Wanfang. Chaozhou Three is entity of China. It is traded as Stock on SHE exchange. More
Chaozhou Three 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 Chaozhou Three'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 Chaozhou Three circle Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.0608 | |||
| Maximum Drawdown | 22.17 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 4.7 |
Chaozhou Three Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chaozhou Three's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chaozhou Three's standard deviation. In reality, there are many statistical measures that can use Chaozhou Three historical prices to predict the future Chaozhou Three's volatility.| Risk Adjusted Performance | 0.0866 | |||
| Jensen Alpha | 0.3051 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0701 | |||
| Treynor Ratio | 22.23 |
Chaozhou Three circle Backtested Returns
Chaozhou Three appears to be not too volatile, given 3 months investment horizon. Chaozhou Three circle secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chaozhou Three circle Group, which you can use to evaluate the volatility of the firm. Please makes use of Chaozhou Three's mean deviation of 2.03, and Risk Adjusted Performance of 0.0866 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chaozhou Three holds a performance score of 9. The firm shows a Beta (market volatility) of 0.0138, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chaozhou Three's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chaozhou Three is expected to be smaller as well. Please check Chaozhou Three's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Chaozhou Three's price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Chaozhou Three circle Group has insignificant reverse predictability. Overlapping area represents the amount of predictability between Chaozhou Three time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Chaozhou Three circle price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Chaozhou Three price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.89 |
Chaozhou Three circle lagged returns against current returns
Autocorrelation, which is Chaozhou Three 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 Chaozhou Three's stock expected returns. We can calculate the autocorrelation of Chaozhou Three returns to help us make a trade decision. For example, suppose you find that Chaozhou Three 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 |
Chaozhou Three 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 Chaozhou Three stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chaozhou Three stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chaozhou Three stock over time.
Current vs Lagged Prices |
| Timeline |
Chaozhou Three Lagged Returns
When evaluating Chaozhou Three's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chaozhou Three stock have on its future price. Chaozhou Three 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, Chaozhou Three autocorrelation shows the relationship between Chaozhou Three stock current value and its past values and can show if there is a momentum factor associated with investing in Chaozhou Three circle Group.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Chaozhou Stock
Chaozhou Three financial ratios help investors to determine whether Chaozhou 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 Chaozhou with respect to the benefits of owning Chaozhou Three security.