Chengdu Bright (China) Market Value
| 301239 Stock | 57.12 2.26 4.12% |
| Symbol | Chengdu |
Chengdu Bright '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 Chengdu Bright'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 Chengdu Bright.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Chengdu Bright on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Chengdu Bright Eye or generate 0.0% return on investment in Chengdu Bright over 30 days. Chengdu Bright is related to or competes with Xilinmen Furniture, Oppein Home, Mengtian Home, Chenzhou Jingui, JCHX Mining, and Shandong Homey. Chengdu Bright is entity of China. It is traded as Stock on SHE exchange. More
Chengdu Bright 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 Chengdu Bright'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 Chengdu Bright Eye upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.05 | |||
| Information Ratio | 0.1404 | |||
| Maximum Drawdown | 37.47 | |||
| Value At Risk | (6.89) | |||
| Potential Upside | 14.12 |
Chengdu Bright Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu Bright's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu Bright's standard deviation. In reality, there are many statistical measures that can use Chengdu Bright historical prices to predict the future Chengdu Bright's volatility.| Risk Adjusted Performance | 0.1333 | |||
| Jensen Alpha | 0.8394 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1701 | |||
| Treynor Ratio | 0.858 |
Chengdu Bright Eye Backtested Returns
Chengdu Bright is not too volatile given 3 months investment horizon. Chengdu Bright Eye secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use Chengdu Bright mean deviation of 4.25, and Risk Adjusted Performance of 0.1333 to evaluate company specific risk that cannot be diversified away. Chengdu Bright holds a performance score of 16 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.15, which signifies a somewhat significant risk relative to the market. Chengdu Bright returns are very sensitive to returns on the market. As the market goes up or down, Chengdu Bright is expected to follow. Use Chengdu Bright market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Chengdu Bright.
Auto-correlation | 0.73 |
Good predictability
Chengdu Bright Eye has good predictability. Overlapping area represents the amount of predictability between Chengdu Bright time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Chengdu Bright Eye price movement. The serial correlation of 0.73 indicates that around 73.0% of current Chengdu Bright price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 9.93 |
Chengdu Bright Eye lagged returns against current returns
Autocorrelation, which is Chengdu Bright 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 Chengdu Bright's stock expected returns. We can calculate the autocorrelation of Chengdu Bright returns to help us make a trade decision. For example, suppose you find that Chengdu Bright 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 |
Chengdu Bright 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 Chengdu Bright stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu Bright stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu Bright stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu Bright Lagged Returns
When evaluating Chengdu Bright's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu Bright stock have on its future price. Chengdu Bright 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, Chengdu Bright autocorrelation shows the relationship between Chengdu Bright stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu Bright Eye.
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 Chengdu Stock
Chengdu Bright financial ratios help investors to determine whether Chengdu 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 Chengdu with respect to the benefits of owning Chengdu Bright security.