Bank of Changsha (China) Market Value
| 601577 Stock | 8.78 0.03 0.34% |
| Symbol | Bank |
Bank of Changsha '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 Bank of Changsha'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 Bank of Changsha.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Bank of Changsha on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Changsha or generate 0.0% return on investment in Bank of Changsha over 30 days. Bank of Changsha is related to or competes with Hainan Airlines, Shantui Construction, Quectel Wireless, Anhui Huilong, Yingde Greatchem, Sinomach General, and Do Fluoride. Bank of Changsha is entity of China. It is traded as Stock on SHG exchange. More
Bank of Changsha 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 Bank of Changsha'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 Bank of Changsha upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.12 | |||
| Information Ratio | 0.0964 | |||
| Maximum Drawdown | 14.88 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 4.88 |
Bank of Changsha Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Changsha's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Changsha's standard deviation. In reality, there are many statistical measures that can use Bank of Changsha historical prices to predict the future Bank of Changsha's volatility.| Risk Adjusted Performance | 0.1161 | |||
| Jensen Alpha | 0.3388 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1034 | |||
| Treynor Ratio | (7.06) |
Bank of Changsha Backtested Returns
Bank of Changsha appears to be somewhat reliable, given 3 months investment horizon. Bank of Changsha secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By analyzing Bank of Changsha's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of Bank of Changsha's Downside Deviation of 2.12, mean deviation of 1.57, and Risk Adjusted Performance of 0.1161 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bank of Changsha holds a performance score of 17. The firm shows a Beta (market volatility) of -0.0472, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bank of Changsha are expected to decrease at a much lower rate. During the bear market, Bank of Changsha is likely to outperform the market. Please check Bank of Changsha's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Bank of Changsha's price patterns will revert.
Auto-correlation | -0.1 |
Very weak reverse predictability
Bank of Changsha has very weak reverse predictability. Overlapping area represents the amount of predictability between Bank of Changsha time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Bank of Changsha price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Bank of Changsha price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bank of Changsha lagged returns against current returns
Autocorrelation, which is Bank of Changsha 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 Bank of Changsha's stock expected returns. We can calculate the autocorrelation of Bank of Changsha returns to help us make a trade decision. For example, suppose you find that Bank of Changsha 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 |
Bank of Changsha 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 Bank of Changsha stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Changsha stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Changsha stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Changsha Lagged Returns
When evaluating Bank of Changsha's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Changsha stock have on its future price. Bank of Changsha 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, Bank of Changsha autocorrelation shows the relationship between Bank of Changsha stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Changsha.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Bank of Changsha financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of Changsha security.