Changchun Faway (China) Market Value
| 600742 Stock | 9.43 0.10 1.07% |
| Symbol | Changchun |
Changchun Faway '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 Changchun Faway'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 Changchun Faway.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Changchun Faway on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Changchun Faway Automobile or generate 0.0% return on investment in Changchun Faway over 180 days. Changchun Faway is related to or competes with Tieling Newcity, Markor International, Cultural Investment, Suofeiya Home, Der International, Luyin Investment, and Xilinmen Furniture. Changchun Faway is entity of China. It is traded as Stock on SHG exchange. More
Changchun Faway 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 Changchun Faway'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 Changchun Faway Automobile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.35 | |||
| Information Ratio | 0.0899 | |||
| Maximum Drawdown | 12.33 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.88 |
Changchun Faway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changchun Faway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changchun Faway's standard deviation. In reality, there are many statistical measures that can use Changchun Faway historical prices to predict the future Changchun Faway's volatility.| Risk Adjusted Performance | 0.117 | |||
| Jensen Alpha | 0.3848 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0886 | |||
| Treynor Ratio | (0.61) |
Changchun Faway Auto Backtested Returns
Changchun Faway appears to be somewhat reliable, given 3 months investment horizon. Changchun Faway Auto secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Changchun Faway Automobile, which you can use to evaluate the volatility of the firm. Please makes use of Changchun Faway's risk adjusted performance of 0.117, and Mean Deviation of 1.75 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changchun Faway holds a performance score of 15. The firm shows a Beta (market volatility) of -0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Changchun Faway are expected to decrease at a much lower rate. During the bear market, Changchun Faway is likely to outperform the market. Please check Changchun Faway's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Changchun Faway's price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Changchun Faway Automobile has poor reverse predictability. Overlapping area represents the amount of predictability between Changchun Faway time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Changchun Faway Auto price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Changchun Faway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.75 |
Changchun Faway Auto lagged returns against current returns
Autocorrelation, which is Changchun Faway 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 Changchun Faway's stock expected returns. We can calculate the autocorrelation of Changchun Faway returns to help us make a trade decision. For example, suppose you find that Changchun Faway 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 |
Changchun Faway 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 Changchun Faway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changchun Faway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changchun Faway stock over time.
Current vs Lagged Prices |
| Timeline |
Changchun Faway Lagged Returns
When evaluating Changchun Faway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changchun Faway stock have on its future price. Changchun Faway 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, Changchun Faway autocorrelation shows the relationship between Changchun Faway stock current value and its past values and can show if there is a momentum factor associated with investing in Changchun Faway Automobile.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Changchun Stock
Changchun Faway financial ratios help investors to determine whether Changchun 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 Changchun with respect to the benefits of owning Changchun Faway security.