Chengdu B-ray's market value is the price at which a share of Chengdu B-ray trades on a public exchange. It measures the collective expectations of Chengdu B ray Media investors about its performance. Chengdu B-ray is trading at 4.49 as of the 1st of February 2025, a 2.39 percent decrease since the beginning of the trading day. The stock's open price was 4.6. With this module, you can estimate the performance of a buy and hold strategy of Chengdu B ray Media and determine expected loss or profit from investing in Chengdu B-ray over a given investment horizon. Check out Chengdu B-ray Correlation, Chengdu B-ray Volatility and Chengdu B-ray Alpha and Beta module to complement your research on Chengdu B-ray.
Please note, there is a significant difference between Chengdu B-ray's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chengdu B-ray is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chengdu B-ray's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Chengdu B-ray '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 Chengdu B-ray'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 Chengdu B-ray.
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01/02/2025
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In 31 days
02/01/2025
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If you would invest 0.00 in Chengdu B-ray on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Chengdu B ray Media or generate 0.0% return on investment in Chengdu B-ray over 30 days. Chengdu B-ray is related to or competes with Guangdong Sunwill, Shengda Mining, Jilin OLED, Malion New, Zijin Mining, and Sanxiang Advanced. More
Chengdu B-ray 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 Chengdu B-ray'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 Chengdu B ray Media upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu B-ray's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu B-ray's standard deviation. In reality, there are many statistical measures that can use Chengdu B-ray historical prices to predict the future Chengdu B-ray's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Chengdu B-ray. Your research has to be compared to or analyzed against Chengdu B-ray's peers to derive any actionable benefits. When done correctly, Chengdu B-ray's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Chengdu B ray.
Chengdu B ray Backtested Returns
At this point, Chengdu B-ray is relatively risky. Chengdu B ray secures Sharpe Ratio (or Efficiency) of 0.0213, which signifies that the company had a 0.0213 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Chengdu B ray Media, which you can use to evaluate the volatility of the firm. Please confirm Chengdu B-ray's mean deviation of 2.95, and Risk Adjusted Performance of 0.0258 to double-check if the risk estimate we provide is consistent with the expected return of 0.0877%. Chengdu B-ray has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chengdu B-ray are expected to decrease at a much lower rate. During the bear market, Chengdu B-ray is likely to outperform the market. Chengdu B ray right now shows a risk of 4.12%. Please confirm Chengdu B ray semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Chengdu B ray will be following its price patterns.
Auto-correlation
0.26
Poor predictability
Chengdu B ray Media has poor predictability. Overlapping area represents the amount of predictability between Chengdu B-ray time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st 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 Chengdu B ray price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Chengdu B-ray price fluctuation can be explain by its past prices.
Correlation Coefficient
0.26
Spearman Rank Test
-0.07
Residual Average
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Price Variance
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Chengdu B ray lagged returns against current returns
Autocorrelation, which is Chengdu B-ray 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 Chengdu B-ray's stock expected returns. We can calculate the autocorrelation of Chengdu B-ray returns to help us make a trade decision. For example, suppose you find that Chengdu B-ray 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
Chengdu B-ray 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 Chengdu B-ray stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu B-ray stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu B-ray stock over time.
Current vs Lagged Prices
Timeline
Chengdu B-ray Lagged Returns
When evaluating Chengdu B-ray's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu B-ray stock have on its future price. Chengdu B-ray 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, Chengdu B-ray autocorrelation shows the relationship between Chengdu B-ray stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu B ray Media.
Chengdu B-ray financial ratios help investors to determine whether Chengdu 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 Chengdu with respect to the benefits of owning Chengdu B-ray security.