Chongqing Rural Commercial Stock Market Value
| CRCBY Stock | USD 24.82 2.26 8.35% |
| Symbol | Chongqing |
Chongqing Rural '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 Chongqing Rural'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 Chongqing Rural.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Chongqing Rural on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Rural Commercial or generate 0.0% return on investment in Chongqing Rural over 30 days. Chongqing Rural is related to or competes with Morningstar Unconstrained, Bondbloxx ETF, Spring Valley, Bondbloxx ETF, First Physicians, CarMax, and SEI Investments. Chongqing Rural Commercial Bank Co., Ltd., together with its subsidiaries, provides a range of banking and related finan... More
Chongqing Rural 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 Chongqing Rural'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 Chongqing Rural Commercial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 15.07 | |||
| Information Ratio | 0.0899 | |||
| Maximum Drawdown | 68.79 | |||
| Value At Risk | (7.19) | |||
| Potential Upside | 6.42 |
Chongqing Rural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Rural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Rural's standard deviation. In reality, there are many statistical measures that can use Chongqing Rural historical prices to predict the future Chongqing Rural's volatility.| Risk Adjusted Performance | 0.0833 | |||
| Jensen Alpha | 0.7671 | |||
| Total Risk Alpha | 0.5532 | |||
| Sortino Ratio | 0.0512 | |||
| Treynor Ratio | 0.669 |
Chongqing Rural Comm Backtested Returns
Chongqing Rural appears to be somewhat reliable, given 3 months investment horizon. Chongqing Rural Comm secures Sharpe Ratio (or Efficiency) of 0.0948, which signifies that the company had a 0.0948% return per unit of risk over the last 3 months. By analyzing Chongqing Rural's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please makes use of Chongqing Rural's Mean Deviation of 3.43, downside deviation of 15.07, and Risk Adjusted Performance of 0.0833 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing Rural holds a performance score of 7. The firm shows a Beta (market volatility) of 1.19, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Chongqing Rural will likely underperform. Please check Chongqing Rural's semi variance, and the relationship between the treynor ratio and rate of daily change , to make a quick decision on whether Chongqing Rural's price patterns will revert.
Auto-correlation | -0.52 |
Good reverse predictability
Chongqing Rural Commercial has good reverse predictability. Overlapping area represents the amount of predictability between Chongqing Rural time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Chongqing Rural Comm price movement. The serial correlation of -0.52 indicates that about 52.0% of current Chongqing Rural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 2.6 |
Chongqing Rural Comm lagged returns against current returns
Autocorrelation, which is Chongqing Rural 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 Chongqing Rural's pink sheet expected returns. We can calculate the autocorrelation of Chongqing Rural returns to help us make a trade decision. For example, suppose you find that Chongqing Rural 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 |
Chongqing Rural 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 Chongqing Rural pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Rural pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Rural pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Rural Lagged Returns
When evaluating Chongqing Rural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Rural pink sheet have on its future price. Chongqing Rural 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, Chongqing Rural autocorrelation shows the relationship between Chongqing Rural pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Rural Commercial.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Chongqing Pink Sheet Analysis
When running Chongqing Rural's price analysis, check to measure Chongqing Rural'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 Chongqing Rural is operating at the current time. Most of Chongqing Rural's value examination focuses on studying past and present price action to predict the probability of Chongqing Rural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chongqing Rural's price. Additionally, you may evaluate how the addition of Chongqing Rural to your portfolios can decrease your overall portfolio volatility.