Qingdao Citymedia's market value is the price at which a share of Qingdao Citymedia trades on a public exchange. It measures the collective expectations of Qingdao Citymedia Co investors about its performance. Qingdao Citymedia is trading at 6.85 as of the 1st of February 2025, a 0.29 percent increase since the beginning of the trading day. The stock's open price was 6.83. With this module, you can estimate the performance of a buy and hold strategy of Qingdao Citymedia Co and determine expected loss or profit from investing in Qingdao Citymedia over a given investment horizon. Check out Qingdao Citymedia Correlation, Qingdao Citymedia Volatility and Qingdao Citymedia Alpha and Beta module to complement your research on Qingdao Citymedia.
Please note, there is a significant difference between Qingdao Citymedia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qingdao Citymedia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qingdao Citymedia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Qingdao Citymedia '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 Qingdao Citymedia'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 Qingdao Citymedia.
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01/02/2025
No Change 0.00
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In 30 days
02/01/2025
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If you would invest 0.00 in Qingdao Citymedia on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Qingdao Citymedia Co or generate 0.0% return on investment in Qingdao Citymedia over 30 days. Qingdao Citymedia is related to or competes with PetroChina, Industrial, China Petroleum, China Construction, Agricultural Bank, Bank of China, and CNOOC. Qingdao Citymedia is entity of China. It is traded as Stock on SHG exchange. More
Qingdao Citymedia 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 Qingdao Citymedia'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 Qingdao Citymedia Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Citymedia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Citymedia's standard deviation. In reality, there are many statistical measures that can use Qingdao Citymedia historical prices to predict the future Qingdao Citymedia's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Qingdao Citymedia. Your research has to be compared to or analyzed against Qingdao Citymedia's peers to derive any actionable benefits. When done correctly, Qingdao Citymedia's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Qingdao Citymedia.
Qingdao Citymedia Backtested Returns
Qingdao Citymedia maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. Qingdao Citymedia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qingdao Citymedia's Risk Adjusted Performance of (0.03), variance of 5.4, and Coefficient Of Variation of (2,068) to confirm the risk estimate we provide. The company holds a Beta of 0.37, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Qingdao Citymedia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qingdao Citymedia is expected to be smaller as well. At this point, Qingdao Citymedia has a negative expected return of -0.0023%. Please make sure to check Qingdao Citymedia's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Qingdao Citymedia performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.66
Very good reverse predictability
Qingdao Citymedia Co has very good reverse predictability. Overlapping area represents the amount of predictability between Qingdao Citymedia time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Qingdao Citymedia price movement. The serial correlation of -0.66 indicates that around 66.0% of current Qingdao Citymedia price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.66
Spearman Rank Test
-0.19
Residual Average
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Price Variance
0.01
Qingdao Citymedia lagged returns against current returns
Autocorrelation, which is Qingdao Citymedia 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 Qingdao Citymedia's stock expected returns. We can calculate the autocorrelation of Qingdao Citymedia returns to help us make a trade decision. For example, suppose you find that Qingdao Citymedia 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
Qingdao Citymedia 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 Qingdao Citymedia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Citymedia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Citymedia stock over time.
Current vs Lagged Prices
Timeline
Qingdao Citymedia Lagged Returns
When evaluating Qingdao Citymedia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Citymedia stock have on its future price. Qingdao Citymedia 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, Qingdao Citymedia autocorrelation shows the relationship between Qingdao Citymedia stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Citymedia Co.
Qingdao Citymedia financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Citymedia security.