Chengtun Mining (China) Market Value
| 600711 Stock | 4.74 0.19 3.85% |
| Symbol | Chengtun |
Chengtun Mining '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 Chengtun Mining'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 Chengtun Mining.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Chengtun Mining on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Chengtun Mining Group or generate 0.0% return on investment in Chengtun Mining over 270 days. Chengtun Mining is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Chengtun Mining is entity of China. It is traded as Stock on SHG exchange. More
Chengtun Mining 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 Chengtun Mining'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 Chengtun Mining Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0507 | |||
| Maximum Drawdown | 10.07 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 5.06 |
Chengtun Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengtun Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengtun Mining's standard deviation. In reality, there are many statistical measures that can use Chengtun Mining historical prices to predict the future Chengtun Mining's volatility.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | 0.2764 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0564 | |||
| Treynor Ratio | (1.52) |
Chengtun Mining Group Backtested Returns
Chengtun Mining appears to be moderately volatile, given 3 months investment horizon. Chengtun Mining Group secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Chengtun Mining Group, which you can use to evaluate the volatility of the firm. Please makes use of Chengtun Mining's risk adjusted performance of 0.0835, and Mean Deviation of 2.17 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chengtun Mining holds a performance score of 11. The firm shows a Beta (market volatility) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chengtun Mining are expected to decrease at a much lower rate. During the bear market, Chengtun Mining is likely to outperform the market. Please check Chengtun Mining's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Chengtun Mining's price patterns will revert.
Auto-correlation | -0.83 |
Excellent reverse predictability
Chengtun Mining Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Chengtun Mining time series from 27th of February 2024 to 11th of July 2024 and 11th of July 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 Chengtun Mining Group price movement. The serial correlation of -0.83 indicates that around 83.0% of current Chengtun Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Chengtun Mining Group lagged returns against current returns
Autocorrelation, which is Chengtun Mining 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 Chengtun Mining's stock expected returns. We can calculate the autocorrelation of Chengtun Mining returns to help us make a trade decision. For example, suppose you find that Chengtun Mining 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 |
Chengtun Mining 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 Chengtun Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengtun Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengtun Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Chengtun Mining Lagged Returns
When evaluating Chengtun Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengtun Mining stock have on its future price. Chengtun Mining 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, Chengtun Mining autocorrelation shows the relationship between Chengtun Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Chengtun Mining Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chengtun Stock
Chengtun Mining financial ratios help investors to determine whether Chengtun 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 Chengtun with respect to the benefits of owning Chengtun Mining security.