Cambricon Technologies (China) Market Value
| 688256 Stock | 489.00 3.00 0.61% |
| Symbol | Cambricon |
Cambricon Technologies '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 Cambricon Technologies' 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 Cambricon Technologies.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Cambricon Technologies on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cambricon Technologies Corp or generate 0.0% return on investment in Cambricon Technologies over 300 days. Cambricon Technologies is related to or competes with Hainan Mining, Jiangsu Jinling, Shuhua Sports, Guangzhou Haozhi, Anhui Transport, Heilongjiang Transport, and Gem Year. Cambricon Technologies is entity of China More
Cambricon Technologies 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 Cambricon Technologies' 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 Cambricon Technologies Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | 0.1825 | |||
| Maximum Drawdown | 29.45 | |||
| Value At Risk | (6.54) | |||
| Potential Upside | 12.34 |
Cambricon Technologies Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cambricon Technologies' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cambricon Technologies' standard deviation. In reality, there are many statistical measures that can use Cambricon Technologies historical prices to predict the future Cambricon Technologies' volatility.| Risk Adjusted Performance | 0.1641 | |||
| Jensen Alpha | 1.19 | |||
| Total Risk Alpha | 0.2868 | |||
| Sortino Ratio | 0.2603 | |||
| Treynor Ratio | 2.97 |
Cambricon Technologies Backtested Returns
Cambricon Technologies is very steady given 3 months investment horizon. Cambricon Technologies 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. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.43% are justified by taking the suggested risk. Use Cambricon Technologies Downside Deviation of 4.33, risk adjusted performance of 0.1641, and Mean Deviation of 4.34 to evaluate company specific risk that cannot be diversified away. Cambricon Technologies holds a performance score of 17 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cambricon Technologies' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cambricon Technologies is expected to be smaller as well. Use Cambricon Technologies downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Cambricon Technologies.
Auto-correlation | 0.72 |
Good predictability
Cambricon Technologies Corp has good predictability. Overlapping area represents the amount of predictability between Cambricon Technologies time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Cambricon Technologies price movement. The serial correlation of 0.72 indicates that around 72.0% of current Cambricon Technologies price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 9025.3 |
Cambricon Technologies lagged returns against current returns
Autocorrelation, which is Cambricon Technologies 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 Cambricon Technologies' stock expected returns. We can calculate the autocorrelation of Cambricon Technologies returns to help us make a trade decision. For example, suppose you find that Cambricon Technologies 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 |
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Cambricon Technologies 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 Cambricon Technologies stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cambricon Technologies stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cambricon Technologies stock over time.
Current vs Lagged Prices |
| Timeline |
Cambricon Technologies Lagged Returns
When evaluating Cambricon Technologies' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cambricon Technologies stock have on its future price. Cambricon Technologies 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, Cambricon Technologies autocorrelation shows the relationship between Cambricon Technologies stock current value and its past values and can show if there is a momentum factor associated with investing in Cambricon Technologies Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cambricon Stock
Cambricon Technologies financial ratios help investors to determine whether Cambricon 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 Cambricon with respect to the benefits of owning Cambricon Technologies security.