Chongqing Department (China) Market Value
| 600729 Stock | 29.47 1.75 6.31% |
| Symbol | Chongqing |
Chongqing Department '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 Department'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 Department.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Chongqing Department on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Department Store or generate 0.0% return on investment in Chongqing Department over 30 days. Chongqing Department is related to or competes with Shenzhen Clou, Guangzhou Haige, Sichuan Jinshi, Tongyu Communication, Ningbo Ligong, Bomesc Offshore, and Suzhou Mingzhi. Chongqing Department is entity of China. It is traded as Stock on SHG exchange. More
Chongqing Department 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 Department'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 Department Store upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.1804 | |||
| Maximum Drawdown | 18.34 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 7.48 |
Chongqing Department Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Department's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Department's standard deviation. In reality, there are many statistical measures that can use Chongqing Department historical prices to predict the future Chongqing Department's volatility.| Risk Adjusted Performance | 0.1727 | |||
| Jensen Alpha | 0.8183 | |||
| Total Risk Alpha | 0.2224 | |||
| Sortino Ratio | 0.2046 | |||
| Treynor Ratio | (1.21) |
Chongqing Department Backtested Returns
Chongqing Department is not too volatile given 3 months investment horizon. Chongqing Department secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.01% are justified by taking the suggested risk. Use Chongqing Department Risk Adjusted Performance of 0.1727, downside deviation of 3.1, and Mean Deviation of 2.47 to evaluate company specific risk that cannot be diversified away. Chongqing Department holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chongqing Department are expected to decrease at a much lower rate. During the bear market, Chongqing Department is likely to outperform the market. Use Chongqing Department information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Chongqing Department.
Auto-correlation | 0.06 |
Virtually no predictability
Chongqing Department Store has virtually no predictability. Overlapping area represents the amount of predictability between Chongqing Department time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 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 Department price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Chongqing Department price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
Chongqing Department lagged returns against current returns
Autocorrelation, which is Chongqing Department 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 Department's stock expected returns. We can calculate the autocorrelation of Chongqing Department returns to help us make a trade decision. For example, suppose you find that Chongqing Department 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 Department 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 Department stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Department stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Department stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Department Lagged Returns
When evaluating Chongqing Department's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Department stock have on its future price. Chongqing Department 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 Department autocorrelation shows the relationship between Chongqing Department stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Department Store.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Chongqing Department 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 Department security.