Chongqing Gas (China) Market Value
| 600917 Stock | 6.32 0.09 1.40% |
| Symbol | Chongqing |
Chongqing Gas '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 Gas' 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 Gas.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Chongqing Gas on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Gas Grp or generate 0.0% return on investment in Chongqing Gas over 90 days. Chongqing Gas is related to or competes with Zhejiang Yayi, Shandong Hongchuang, Guangdong Jingyi, Jilin Jlu, Jahen Household, Haima Automobile, and Sino Platinum. More
Chongqing Gas 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 Gas' 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 Gas Grp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.0901 | |||
| Maximum Drawdown | 13.82 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 5.29 |
Chongqing Gas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Gas' standard deviation. In reality, there are many statistical measures that can use Chongqing Gas historical prices to predict the future Chongqing Gas' volatility.| Risk Adjusted Performance | 0.121 | |||
| Jensen Alpha | 0.2974 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0904 | |||
| Treynor Ratio | 1.09 |
Chongqing Gas Grp Backtested Returns
Chongqing Gas appears to be somewhat reliable, given 3 months investment horizon. Chongqing Gas Grp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Chongqing Gas Grp, which you can use to evaluate the volatility of the firm. Please makes use of Chongqing Gas' Mean Deviation of 1.58, risk adjusted performance of 0.121, and Downside Deviation of 2.31 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing Gas holds a performance score of 11. The firm shows a Beta (market volatility) of 0.31, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chongqing Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Chongqing Gas is expected to be smaller as well. Please check Chongqing Gas' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Chongqing Gas' price patterns will revert.
Auto-correlation | 0.86 |
Very good predictability
Chongqing Gas Grp has very good predictability. Overlapping area represents the amount of predictability between Chongqing Gas time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Gas Grp price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Chongqing Gas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Chongqing Gas Grp lagged returns against current returns
Autocorrelation, which is Chongqing Gas 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 Gas' stock expected returns. We can calculate the autocorrelation of Chongqing Gas returns to help us make a trade decision. For example, suppose you find that Chongqing Gas 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 Gas 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 Gas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Gas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Gas stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Gas Lagged Returns
When evaluating Chongqing Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Gas stock have on its future price. Chongqing Gas 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 Gas autocorrelation shows the relationship between Chongqing Gas stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Gas Grp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Chongqing Gas 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 Gas security.