Chengdu Easton (China) Market Value
| 688513 Stock | 32.73 0.22 0.67% |
| Symbol | Chengdu |
Chengdu Easton '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 Easton'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 Easton.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Chengdu Easton on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Chengdu Easton Biopharmaceuticals or generate 0.0% return on investment in Chengdu Easton over 30 days. Chengdu Easton is related to or competes with HaiXin Foods, Gan Yuan, Shanghai Jinfeng, Tonghua Grape, Shanghai Ziyan, Qingdao Foods, and Hangzhou Pinming. Chengdu Easton is entity of China. It is traded as Stock on SHG exchange. More
Chengdu Easton 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 Easton'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 Easton Biopharmaceuticals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 20.4 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.43 |
Chengdu Easton Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chengdu Easton's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chengdu Easton's standard deviation. In reality, there are many statistical measures that can use Chengdu Easton historical prices to predict the future Chengdu Easton's volatility.| Risk Adjusted Performance | 0.007 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.1406 |
Chengdu Easton Bioph Backtested Returns
Chengdu Easton Bioph secures Sharpe Ratio (or Efficiency) of -0.0417, which signifies that the company had a -0.0417% return per unit of standard deviation over the last 3 months. Chengdu Easton Biopharmaceuticals exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Chengdu Easton's risk adjusted performance of 0.007, and Mean Deviation of 1.97 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0786, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chengdu Easton are expected to decrease at a much lower rate. During the bear market, Chengdu Easton is likely to outperform the market. At this point, Chengdu Easton Bioph has a negative expected return of -0.12%. Please make sure to confirm Chengdu Easton's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Chengdu Easton Bioph performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Chengdu Easton Biopharmaceuticals has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Chengdu Easton time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Chengdu Easton Bioph price movement. The serial correlation of -0.75 indicates that around 75.0% of current Chengdu Easton price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
Chengdu Easton Bioph lagged returns against current returns
Autocorrelation, which is Chengdu Easton 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 Easton's stock expected returns. We can calculate the autocorrelation of Chengdu Easton returns to help us make a trade decision. For example, suppose you find that Chengdu Easton 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 Easton 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 Easton stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chengdu Easton stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chengdu Easton stock over time.
Current vs Lagged Prices |
| Timeline |
Chengdu Easton Lagged Returns
When evaluating Chengdu Easton's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chengdu Easton stock have on its future price. Chengdu Easton 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 Easton autocorrelation shows the relationship between Chengdu Easton stock current value and its past values and can show if there is a momentum factor associated with investing in Chengdu Easton Biopharmaceuticals.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chengdu Stock
Chengdu Easton 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 Easton security.