Changshu Automotive (China) Market Value
| 603035 Stock | 14.56 0.26 1.75% |
| Symbol | Changshu |
Changshu Automotive '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 Changshu Automotive'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 Changshu Automotive.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Changshu Automotive on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Changshu Automotive Trim or generate 0.0% return on investment in Changshu Automotive over 30 days. Changshu Automotive is related to or competes with Wuhan Hvsen, Anhui Huaheng, Changchun BCHT, Shanghai Rightongene, HeBei Jinniu, Sichuan Hebang, and Lianhe Chemical. Changshu Automotive is entity of China. It is traded as Stock on SHG exchange. More
Changshu Automotive 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 Changshu Automotive'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 Changshu Automotive Trim upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.1 | |||
| Value At Risk | (2.16) | |||
| Potential Upside | 2.98 |
Changshu Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changshu Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changshu Automotive's standard deviation. In reality, there are many statistical measures that can use Changshu Automotive historical prices to predict the future Changshu Automotive's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0118 | |||
| Treynor Ratio | 0.1366 |
Changshu Automotive Trim Backtested Returns
Changshu Automotive Trim secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of standard deviation over the last 3 months. Changshu Automotive Trim exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Changshu Automotive's mean deviation of 1.02, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. 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 Changshu Automotive are expected to decrease at a much lower rate. During the bear market, Changshu Automotive is likely to outperform the market. At this point, Changshu Automotive Trim has a negative expected return of -0.0095%. Please make sure to confirm Changshu Automotive's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Changshu Automotive Trim performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.56 |
Good reverse predictability
Changshu Automotive Trim has good reverse predictability. Overlapping area represents the amount of predictability between Changshu Automotive time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 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 Changshu Automotive Trim price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Changshu Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Changshu Automotive Trim lagged returns against current returns
Autocorrelation, which is Changshu Automotive 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 Changshu Automotive's stock expected returns. We can calculate the autocorrelation of Changshu Automotive returns to help us make a trade decision. For example, suppose you find that Changshu Automotive 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 |
Changshu Automotive 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 Changshu Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changshu Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changshu Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
Changshu Automotive Lagged Returns
When evaluating Changshu Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changshu Automotive stock have on its future price. Changshu Automotive 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, Changshu Automotive autocorrelation shows the relationship between Changshu Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in Changshu Automotive Trim.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Changshu Stock
Changshu Automotive financial ratios help investors to determine whether Changshu 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 Changshu with respect to the benefits of owning Changshu Automotive security.