Liaoning Chengda (China) Market Value
| 688739 Stock | 26.96 0.36 1.35% |
| Symbol | Liaoning |
Liaoning Chengda '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 Liaoning Chengda'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 Liaoning Chengda.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Liaoning Chengda on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Liaoning Chengda Biotechnology or generate 0.0% return on investment in Liaoning Chengda over 30 days. Liaoning Chengda is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Liaoning Chengda is entity of China. It is traded as Stock on SHG exchange. More
Liaoning Chengda 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 Liaoning Chengda'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 Liaoning Chengda Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.0299 | |||
| Maximum Drawdown | 20.04 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 4.31 |
Liaoning Chengda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Liaoning Chengda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Liaoning Chengda's standard deviation. In reality, there are many statistical measures that can use Liaoning Chengda historical prices to predict the future Liaoning Chengda's volatility.| Risk Adjusted Performance | 0.0645 | |||
| Jensen Alpha | 0.2611 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.037 | |||
| Treynor Ratio | (0.37) |
Liaoning Chengda Bio Backtested Returns
Liaoning Chengda appears to be not too volatile, given 3 months investment horizon. Liaoning Chengda Bio has Sharpe Ratio of 0.0835, which conveys that the firm had a 0.0835% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Liaoning Chengda, which you can use to evaluate the volatility of the firm. Please exercise Liaoning Chengda's Downside Deviation of 2.26, mean deviation of 1.79, and Risk Adjusted Performance of 0.0645 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Liaoning Chengda holds a performance score of 6. The company secures a Beta (Market Risk) of -0.54, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Liaoning Chengda are expected to decrease at a much lower rate. During the bear market, Liaoning Chengda is likely to outperform the market. Please check Liaoning Chengda's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Liaoning Chengda's current price movements will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Liaoning Chengda Biotechnology has good reverse predictability. Overlapping area represents the amount of predictability between Liaoning Chengda 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 Liaoning Chengda Bio price movement. The serial correlation of -0.55 indicates that about 55.0% of current Liaoning Chengda price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Liaoning Chengda Bio lagged returns against current returns
Autocorrelation, which is Liaoning Chengda 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 Liaoning Chengda's stock expected returns. We can calculate the autocorrelation of Liaoning Chengda returns to help us make a trade decision. For example, suppose you find that Liaoning Chengda 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 |
Liaoning Chengda 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 Liaoning Chengda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Liaoning Chengda stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Liaoning Chengda stock over time.
Current vs Lagged Prices |
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Liaoning Chengda Lagged Returns
When evaluating Liaoning Chengda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Liaoning Chengda stock have on its future price. Liaoning Chengda 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, Liaoning Chengda autocorrelation shows the relationship between Liaoning Chengda stock current value and its past values and can show if there is a momentum factor associated with investing in Liaoning Chengda Biotechnology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Liaoning Stock
Liaoning Chengda financial ratios help investors to determine whether Liaoning 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 Liaoning with respect to the benefits of owning Liaoning Chengda security.