Chugoku Electric Power Stock Market Value
| CGKEY Stock | USD 9.69 0.00 0.00% |
| Symbol | Chugoku |
Chugoku Electric '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 Chugoku Electric's pink sheet 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 Chugoku Electric.
| 06/09/2024 |
| 12/31/2025 |
If you would invest 0.00 in Chugoku Electric on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Chugoku Electric Power or generate 0.0% return on investment in Chugoku Electric over 570 days. Chugoku Electric is related to or competes with Terna Energy, Ameren Corp, Boralex, Scatec ASA, Manila Water, and Manila Water. The Chugoku Electric Power Co., Inc. engages in generation, transmission, and distribution of electric power in Japan More
Chugoku Electric 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 Chugoku Electric's pink sheet 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 Chugoku Electric Power upside and downside potential and time the market with a certain degree of confidence.
Chugoku Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chugoku Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chugoku Electric's standard deviation. In reality, there are many statistical measures that can use Chugoku Electric historical prices to predict the future Chugoku Electric's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chugoku Electric's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Chugoku Electric Power Backtested Returns
We have found three technical indicators for Chugoku Electric Power, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Chugoku Electric are completely uncorrelated.
Auto-correlation | 0.25 |
Poor predictability
Chugoku Electric Power has poor predictability. Overlapping area represents the amount of predictability between Chugoku Electric time series from 9th of June 2024 to 21st of March 2025 and 21st of March 2025 to 31st of December 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 Chugoku Electric Power price movement. The serial correlation of 0.25 indicates that over 25.0% of current Chugoku Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Chugoku Electric Power lagged returns against current returns
Autocorrelation, which is Chugoku Electric pink sheet'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 Chugoku Electric's pink sheet expected returns. We can calculate the autocorrelation of Chugoku Electric returns to help us make a trade decision. For example, suppose you find that Chugoku Electric has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Chugoku Electric 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 Chugoku Electric pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chugoku Electric pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chugoku Electric pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Chugoku Electric Lagged Returns
When evaluating Chugoku Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chugoku Electric pink sheet have on its future price. Chugoku Electric 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, Chugoku Electric autocorrelation shows the relationship between Chugoku Electric pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Chugoku Electric Power.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Chugoku Pink Sheet Analysis
When running Chugoku Electric's price analysis, check to measure Chugoku Electric's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chugoku Electric is operating at the current time. Most of Chugoku Electric's value examination focuses on studying past and present price action to predict the probability of Chugoku Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chugoku Electric's price. Additionally, you may evaluate how the addition of Chugoku Electric to your portfolios can decrease your overall portfolio volatility.