Chongqing Road (China) Market Value
| 600106 Stock | 6.46 0.13 1.97% |
| Symbol | Chongqing |
Chongqing Road '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 Road'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 Road.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Chongqing Road on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Chongqing Road Bridge or generate 0.0% return on investment in Chongqing Road over 360 days. Chongqing Road is related to or competes with Aofu Environmental, Everdisplay Optronics, Lander Sports, Guangzhou Ruoyuchen, Sinosteel Engineering, ButOne Information, and Changjiang Jinggong. More
Chongqing Road 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 Road'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 Road Bridge upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.98 | |||
| Information Ratio | 0.2163 | |||
| Maximum Drawdown | 19.33 | |||
| Value At Risk | (6.20) | |||
| Potential Upside | 9.46 |
Chongqing Road Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Road's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Road's standard deviation. In reality, there are many statistical measures that can use Chongqing Road historical prices to predict the future Chongqing Road's volatility.| Risk Adjusted Performance | 0.1957 | |||
| Jensen Alpha | 1.1 | |||
| Total Risk Alpha | 0.3861 | |||
| Sortino Ratio | 0.2458 | |||
| Treynor Ratio | (52.27) |
Chongqing Road Bridge Backtested Returns
Chongqing Road is relatively risky given 3 months investment horizon. Chongqing Road Bridge secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.11% are justified by taking the suggested risk. Use Chongqing Road Risk Adjusted Performance of 0.1957, downside deviation of 3.98, and Mean Deviation of 3.75 to evaluate company specific risk that cannot be diversified away. Chongqing Road holds a performance score of 19 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.021, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chongqing Road are expected to decrease at a much lower rate. During the bear market, Chongqing Road is likely to outperform the market. Use Chongqing Road standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Chongqing Road.
Auto-correlation | 0.19 |
Very weak predictability
Chongqing Road Bridge has very weak predictability. Overlapping area represents the amount of predictability between Chongqing Road time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 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 Chongqing Road Bridge price movement. The serial correlation of 0.19 indicates that over 19.0% of current Chongqing Road price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 1.48 |
Chongqing Road Bridge lagged returns against current returns
Autocorrelation, which is Chongqing Road 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 Road's stock expected returns. We can calculate the autocorrelation of Chongqing Road returns to help us make a trade decision. For example, suppose you find that Chongqing Road 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 Road 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 Road stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Road stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Road stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Road Lagged Returns
When evaluating Chongqing Road's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Road stock have on its future price. Chongqing Road 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 Road autocorrelation shows the relationship between Chongqing Road stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Road Bridge.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Chongqing Road 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 Road security.