Chaoda Modern Agriculture Stock Market Value
| CMGHY Stock | USD 0.09 0.00 0.00% |
| Symbol | Chaoda |
Chaoda Modern '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 Chaoda Modern'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 Chaoda Modern.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Chaoda Modern on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Chaoda Modern Agriculture or generate 0.0% return on investment in Chaoda Modern over 720 days. Chaoda Modern is related to or competes with Tyson Foods, SNDL, Grocery Outlet, FitLife Brands,, Olympic Steel, Weyco, and Asbury Automotive. Chaoda Modern Agriculture Limited, an investment holding company, engages in growing and selling agricultural products i... More
Chaoda Modern 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 Chaoda Modern'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 Chaoda Modern Agriculture upside and downside potential and time the market with a certain degree of confidence.
Chaoda Modern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chaoda Modern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chaoda Modern's standard deviation. In reality, there are many statistical measures that can use Chaoda Modern historical prices to predict the future Chaoda Modern's volatility.Chaoda Modern Agriculture Backtested Returns
We have found three technical indicators for Chaoda Modern Agriculture, 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 Chaoda Modern are completely uncorrelated.
Auto-correlation | 0.05 |
Virtually no predictability
Chaoda Modern Agriculture has virtually no predictability. Overlapping area represents the amount of predictability between Chaoda Modern time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Chaoda Modern Agriculture price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Chaoda Modern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chaoda Modern Agriculture lagged returns against current returns
Autocorrelation, which is Chaoda Modern 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 Chaoda Modern's pink sheet expected returns. We can calculate the autocorrelation of Chaoda Modern returns to help us make a trade decision. For example, suppose you find that Chaoda Modern 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 |
Chaoda Modern 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 Chaoda Modern pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chaoda Modern pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chaoda Modern pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Chaoda Modern Lagged Returns
When evaluating Chaoda Modern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chaoda Modern pink sheet have on its future price. Chaoda Modern 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, Chaoda Modern autocorrelation shows the relationship between Chaoda Modern pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Chaoda Modern Agriculture.
Regressed Prices |
| Timeline |
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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 Chaoda Pink Sheet Analysis
When running Chaoda Modern's price analysis, check to measure Chaoda Modern'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 Chaoda Modern is operating at the current time. Most of Chaoda Modern's value examination focuses on studying past and present price action to predict the probability of Chaoda Modern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chaoda Modern's price. Additionally, you may evaluate how the addition of Chaoda Modern to your portfolios can decrease your overall portfolio volatility.