Chesswood Group Limited Stock Market Value
| CHW Stock | CAD 0.90 0.00 0.00% |
| Symbol | Chesswood |
Chesswood Group '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 Chesswood Group'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 Chesswood Group.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in Chesswood Group on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding Chesswood Group Limited or generate 0.0% return on investment in Chesswood Group over 300 days. Chesswood Group is related to or competes with Bridgemarq Real, Medical Facilities, Atrium Mortgage, Gamehost, and Firm Capital. Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry More
Chesswood Group 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 Chesswood Group'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 Chesswood Group Limited upside and downside potential and time the market with a certain degree of confidence.
Chesswood Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chesswood Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chesswood Group's standard deviation. In reality, there are many statistical measures that can use Chesswood Group historical prices to predict the future Chesswood Group's volatility.Chesswood Group Backtested Returns
We have found three technical indicators for Chesswood Group Limited, 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 Chesswood Group are completely uncorrelated.
Auto-correlation | 0.53 |
Modest predictability
Chesswood Group Limited has modest predictability. Overlapping area represents the amount of predictability between Chesswood Group time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 Chesswood Group price movement. The serial correlation of 0.53 indicates that about 53.0% of current Chesswood Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
Chesswood Group lagged returns against current returns
Autocorrelation, which is Chesswood Group 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 Chesswood Group's stock expected returns. We can calculate the autocorrelation of Chesswood Group returns to help us make a trade decision. For example, suppose you find that Chesswood Group 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 |
Chesswood Group 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 Chesswood Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chesswood Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chesswood Group stock over time.
Current vs Lagged Prices |
| Timeline |
Chesswood Group Lagged Returns
When evaluating Chesswood Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chesswood Group stock have on its future price. Chesswood Group 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, Chesswood Group autocorrelation shows the relationship between Chesswood Group stock current value and its past values and can show if there is a momentum factor associated with investing in Chesswood Group Limited.
Regressed Prices |
| Timeline |
Pair Trading with Chesswood Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chesswood Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chesswood Group will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Chesswood Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chesswood Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chesswood Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chesswood Group Limited to buy it.
The correlation of Chesswood Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chesswood Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chesswood Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chesswood Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Chesswood Stock
Chesswood Group financial ratios help investors to determine whether Chesswood 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 Chesswood with respect to the benefits of owning Chesswood Group security.