China High Speed Stock Market Value
| CHSTF Stock | USD 0.13 0.00 0.00% |
| Symbol | China |
China High '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 China High'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 China High.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in China High on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding China High Speed or generate 0.0% return on investment in China High over 540 days. China High is related to or competes with Shanghai Electric, Xinjiang Goldwind, Fanuc, Rockwell Automation, and Nuscale Power. China High Speed Transmission Equipment Group Co., Ltd More
China High 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 China High'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 China High Speed upside and downside potential and time the market with a certain degree of confidence.
China High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China High's standard deviation. In reality, there are many statistical measures that can use China High historical prices to predict the future China High's volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China High'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.
China High Speed Backtested Returns
We have found three technical indicators for China High Speed, 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 China High are completely uncorrelated.
Auto-correlation | 0.39 |
Below average predictability
China High Speed has below average predictability. Overlapping area represents the amount of predictability between China High time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 China High Speed price movement. The serial correlation of 0.39 indicates that just about 39.0% of current China High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China High Speed lagged returns against current returns
Autocorrelation, which is China High 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 China High's pink sheet expected returns. We can calculate the autocorrelation of China High returns to help us make a trade decision. For example, suppose you find that China High 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 |
China High 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 China High pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China High pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China High pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China High Lagged Returns
When evaluating China High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China High pink sheet have on its future price. China High 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, China High autocorrelation shows the relationship between China High pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China High Speed.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China High financial ratios help investors to determine whether China Pink Sheet 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 China with respect to the benefits of owning China High security.