China Power Equipment Stock Market Value
| CPQQ Stock | USD 0.01 0.00 0.00% |
| Symbol | China |
China Power '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 Power'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 Power.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in China Power on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding China Power Equipment or generate 0.0% return on investment in China Power over 240 days. China Power is related to or competes with KULR Technology, Ouster, MicroCloud Hologram, and Kopin. China Power Equipment, Inc., through its An Sen Power Science Technology Co., Ltd More
China Power 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 Power'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 Power Equipment upside and downside potential and time the market with a certain degree of confidence.
China Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Power's standard deviation. In reality, there are many statistical measures that can use China Power historical prices to predict the future China Power's volatility.China Power Equipment Backtested Returns
We have found three technical indicators for China Power Equipment, 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 Power are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
China Power Equipment has perfect predictability. Overlapping area represents the amount of predictability between China Power time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd 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 Power Equipment price movement. The serial correlation of 1.0 indicates that 100.0% of current China Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Power Equipment lagged returns against current returns
Autocorrelation, which is China Power 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 Power's pink sheet expected returns. We can calculate the autocorrelation of China Power returns to help us make a trade decision. For example, suppose you find that China Power 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 Power 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 Power pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Power 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 Power pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Power Lagged Returns
When evaluating China Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Power pink sheet have on its future price. China Power 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 Power autocorrelation shows the relationship between China Power pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Power Equipment.
Regressed Prices |
| Timeline |
Pair Trading with China Power
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 China Power 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 China Power will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to China Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Power 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 China Power - 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 China Power Equipment to buy it.
The correlation of China Power 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 China Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Power Equipment 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 China Power 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.Additional Tools for China Pink Sheet Analysis
When running China Power's price analysis, check to measure China Power'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 China Power is operating at the current time. Most of China Power's value examination focuses on studying past and present price action to predict the probability of China Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Power's price. Additionally, you may evaluate how the addition of China Power to your portfolios can decrease your overall portfolio volatility.