Chinese Universe (China) Market Value
| 600373 Stock | 12.43 0.52 4.02% |
| Symbol | Chinese |
Chinese Universe '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 Chinese Universe'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 Chinese Universe.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Chinese Universe on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Chinese Universe Publishing or generate 0.0% return on investment in Chinese Universe over 30 days. Chinese Universe is related to or competes with Sinomach General, Vanfund Urban, Zhejiang Yinlun, Shaanxi Construction, Huitong Construction, Qijing Machinery, and China Railway. Chinese Universe is entity of China. It is traded as Stock on SHG exchange. More
Chinese Universe 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 Chinese Universe'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 Chinese Universe Publishing upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 16.64 | |||
| Value At Risk | (4.02) | |||
| Potential Upside | 3.56 |
Chinese Universe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chinese Universe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chinese Universe's standard deviation. In reality, there are many statistical measures that can use Chinese Universe historical prices to predict the future Chinese Universe's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | 1.27 |
Chinese Universe Pub Backtested Returns
Chinese Universe Pub secures Sharpe Ratio (or Efficiency) of -0.0185, which signifies that the company had a -0.0185% return per unit of risk over the last 3 months. Chinese Universe Publishing exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chinese Universe's Standard Deviation of 2.77, risk adjusted performance of (0.02), and Mean Deviation of 1.91 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0718, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chinese Universe are expected to decrease at a much lower rate. During the bear market, Chinese Universe is likely to outperform the market. At this point, Chinese Universe Pub has a negative expected return of -0.0543%. Please make sure to confirm Chinese Universe's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Chinese Universe Pub performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.42 |
Average predictability
Chinese Universe Publishing has average predictability. Overlapping area represents the amount of predictability between Chinese Universe time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Chinese Universe Pub price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Chinese Universe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Chinese Universe Pub lagged returns against current returns
Autocorrelation, which is Chinese Universe 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 Chinese Universe's stock expected returns. We can calculate the autocorrelation of Chinese Universe returns to help us make a trade decision. For example, suppose you find that Chinese Universe 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 |
Chinese Universe 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 Chinese Universe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chinese Universe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chinese Universe stock over time.
Current vs Lagged Prices |
| Timeline |
Chinese Universe Lagged Returns
When evaluating Chinese Universe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chinese Universe stock have on its future price. Chinese Universe 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, Chinese Universe autocorrelation shows the relationship between Chinese Universe stock current value and its past values and can show if there is a momentum factor associated with investing in Chinese Universe Publishing.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chinese Stock
Chinese Universe financial ratios help investors to determine whether Chinese 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 Chinese with respect to the benefits of owning Chinese Universe security.