CHAMPION BREWERIES's market value is the price at which a share of CHAMPION BREWERIES trades on a public exchange. It measures the collective expectations of CHAMPION BREWERIES PLC investors about its performance. CHAMPION BREWERIES is selling at 3.71 as of the 29th of November 2024; that is 0.27 percent increase since the beginning of the trading day. The stock's open price was 3.7. With this module, you can estimate the performance of a buy and hold strategy of CHAMPION BREWERIES PLC and determine expected loss or profit from investing in CHAMPION BREWERIES over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Symbol
CHAMPION
CHAMPION BREWERIES '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 CHAMPION BREWERIES'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 CHAMPION BREWERIES.
0.00
10/30/2024
No Change 0.00
0.0
In 31 days
11/29/2024
0.00
If you would invest 0.00 in CHAMPION BREWERIES on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding CHAMPION BREWERIES PLC or generate 0.0% return on investment in CHAMPION BREWERIES over 30 days.
CHAMPION BREWERIES 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 CHAMPION BREWERIES'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 CHAMPION BREWERIES PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHAMPION BREWERIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHAMPION BREWERIES's standard deviation. In reality, there are many statistical measures that can use CHAMPION BREWERIES historical prices to predict the future CHAMPION BREWERIES's volatility.
CHAMPION BREWERIES appears to be unstable, given 3 months investment horizon. CHAMPION BREWERIES PLC retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CHAMPION BREWERIES, which you can use to evaluate the volatility of the firm. Please makes use of CHAMPION BREWERIES's coefficient of variation of 990.26, and Market Risk Adjusted Performance of (0.53) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CHAMPION BREWERIES holds a performance score of 9. The firm owns a Beta (Systematic Risk) of -0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CHAMPION BREWERIES are expected to decrease at a much lower rate. During the bear market, CHAMPION BREWERIES is likely to outperform the market. Please check CHAMPION BREWERIES's coefficient of variation, semi variance, price action indicator, as well as the relationship between the treynor ratio and daily balance of power , to make a quick decision on whether CHAMPION BREWERIES's current price history will revert.
Auto-correlation
0.11
Insignificant predictability
CHAMPION BREWERIES PLC has insignificant predictability. Overlapping area represents the amount of predictability between CHAMPION BREWERIES time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 CHAMPION BREWERIES PLC price movement. The serial correlation of 0.11 indicates that less than 11.0% of current CHAMPION BREWERIES price fluctuation can be explain by its past prices.
Correlation Coefficient
0.11
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
0.0
CHAMPION BREWERIES PLC lagged returns against current returns
Autocorrelation, which is CHAMPION BREWERIES 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 CHAMPION BREWERIES's stock expected returns. We can calculate the autocorrelation of CHAMPION BREWERIES returns to help us make a trade decision. For example, suppose you find that CHAMPION BREWERIES 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
CHAMPION BREWERIES 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 CHAMPION BREWERIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHAMPION BREWERIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHAMPION BREWERIES stock over time.
Current vs Lagged Prices
Timeline
CHAMPION BREWERIES Lagged Returns
When evaluating CHAMPION BREWERIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHAMPION BREWERIES stock have on its future price. CHAMPION BREWERIES 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, CHAMPION BREWERIES autocorrelation shows the relationship between CHAMPION BREWERIES stock current value and its past values and can show if there is a momentum factor associated with investing in CHAMPION BREWERIES PLC.
Regressed Prices
Timeline
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