Qingdao Citymedia (China) Market Value
| 600229 Stock | 7.36 0.07 0.96% |
| Symbol | Qingdao |
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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Qingdao Citymedia on January 27, 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 China Life, TianJin 712, Luyin Investment, Cultural Investment, Hubei Geoway, Beijing Mainstreets, and Guangxi Wuzhou. 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.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 11.5 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.1 |
Qingdao Citymedia Market Risk Indicators
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.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (3.51) |
Qingdao Citymedia Backtested Returns
Qingdao Citymedia maintains Sharpe Ratio (i.e., Efficiency) of -0.0405, which implies the firm had a -0.0405 % 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 (0.02), variance of 5.06, and Coefficient Of Variation of (2,468) to confirm the risk estimate we provide. The company holds a Beta of 0.0288, which implies not very significant fluctuations relative to the market. 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 -0.0912%. 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 | -0.17 |
Insignificant reverse predictability
Qingdao Citymedia Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Qingdao Citymedia time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th 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 -0.17 indicates that over 17.0% of current Qingdao Citymedia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qingdao Stock
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.