Chongqing Machinery (Germany) Market Value
| CE3 Stock | EUR 0.07 0 2.05% |
| Symbol | Chongqing |
Chongqing Machinery '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 Chongqing Machinery'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 Chongqing Machinery.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Chongqing Machinery on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Chongqing Machinery Electric or generate 0.0% return on investment in Chongqing Machinery over 720 days. Chongqing Machinery is related to or competes with Park Hotels, Materialise, InterContinental, Summit Hotel, Sunstone Hotel, and Plastic Omnium. Chongqing Machinery Electric Co., Ltd., together with its subsidiaries, manufactures and sells automobile parts and comp... More
Chongqing Machinery 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 Chongqing Machinery'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 Chongqing Machinery Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.0674 | |||
| Maximum Drawdown | 17.45 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 5.59 |
Chongqing Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Machinery's standard deviation. In reality, there are many statistical measures that can use Chongqing Machinery historical prices to predict the future Chongqing Machinery's volatility.| Risk Adjusted Performance | 0.0961 | |||
| Jensen Alpha | 0.2621 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0766 | |||
| Treynor Ratio | 1.05 |
Chongqing Machinery Backtested Returns
Chongqing Machinery appears to be out of control, given 3 months investment horizon. Chongqing Machinery secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Chongqing Machinery Electric, which you can use to evaluate the volatility of the firm. Please makes use of Chongqing Machinery's Mean Deviation of 1.83, downside deviation of 2.31, and Risk Adjusted Performance of 0.0961 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing Machinery holds a performance score of 11. The firm shows a Beta (market volatility) of 0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chongqing Machinery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chongqing Machinery is expected to be smaller as well. Please check Chongqing Machinery's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Chongqing Machinery's price patterns will revert.
Auto-correlation | 0.67 |
Good predictability
Chongqing Machinery Electric has good predictability. Overlapping area represents the amount of predictability between Chongqing Machinery time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Chongqing Machinery price movement. The serial correlation of 0.67 indicates that around 67.0% of current Chongqing Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chongqing Machinery lagged returns against current returns
Autocorrelation, which is Chongqing Machinery 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 Chongqing Machinery's stock expected returns. We can calculate the autocorrelation of Chongqing Machinery returns to help us make a trade decision. For example, suppose you find that Chongqing Machinery 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 |
Chongqing Machinery 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 Chongqing Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Machinery Lagged Returns
When evaluating Chongqing Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Machinery stock have on its future price. Chongqing Machinery 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, Chongqing Machinery autocorrelation shows the relationship between Chongqing Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Machinery Electric.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chongqing Stock
Chongqing Machinery financial ratios help investors to determine whether Chongqing 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 Chongqing with respect to the benefits of owning Chongqing Machinery security.