Cngr Advanced (China) Market Value
| 300919 Stock | 38.96 2.04 4.98% |
| Symbol | Cngr |
Cngr Advanced '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 Cngr Advanced'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 Cngr Advanced.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Cngr Advanced on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Cngr Advanced Material or generate 0.0% return on investment in Cngr Advanced over 30 days. Cngr Advanced is related to or competes with Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, Hoshine Silicon, and Zhejiang Juhua. Cngr Advanced is entity of China. It is traded as Stock on SHE exchange. More
Cngr Advanced 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 Cngr Advanced'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 Cngr Advanced Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.78 | |||
| Information Ratio | 0.1047 | |||
| Maximum Drawdown | 34.23 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 6.85 |
Cngr Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cngr Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cngr Advanced's standard deviation. In reality, there are many statistical measures that can use Cngr Advanced historical prices to predict the future Cngr Advanced's volatility.| Risk Adjusted Performance | 0.1083 | |||
| Jensen Alpha | 0.6508 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.14 | |||
| Treynor Ratio | (90.26) |
Cngr Advanced Material Backtested Returns
Cngr Advanced appears to be not too volatile, given 3 months investment horizon. Cngr Advanced Material secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Cngr Advanced's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of Cngr Advanced's Risk Adjusted Performance of 0.1083, downside deviation of 3.78, and Mean Deviation of 3.37 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cngr Advanced holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0072, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cngr Advanced are expected to decrease at a much lower rate. During the bear market, Cngr Advanced is likely to outperform the market. Please check Cngr Advanced's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Cngr Advanced's price patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Cngr Advanced Material has very good reverse predictability. Overlapping area represents the amount of predictability between Cngr Advanced 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 Cngr Advanced Material price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Cngr Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 3.61 |
Cngr Advanced Material lagged returns against current returns
Autocorrelation, which is Cngr Advanced 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 Cngr Advanced's stock expected returns. We can calculate the autocorrelation of Cngr Advanced returns to help us make a trade decision. For example, suppose you find that Cngr Advanced 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 |
Cngr Advanced 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 Cngr Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cngr Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cngr Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Cngr Advanced Lagged Returns
When evaluating Cngr Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cngr Advanced stock have on its future price. Cngr Advanced 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, Cngr Advanced autocorrelation shows the relationship between Cngr Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Cngr Advanced Material.
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 Cngr Stock
Cngr Advanced financial ratios help investors to determine whether Cngr 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 Cngr with respect to the benefits of owning Cngr Advanced security.