Chart Industries Preferred Stock Market Value
| GTLS-PB Preferred Stock | 71.91 2.01 2.88% |
| Symbol | Chart |
Chart Industries '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 Chart Industries' preferred 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 Chart Industries.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Chart Industries on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Chart Industries or generate 0.0% return on investment in Chart Industries over 30 days. Chart Industries is related to or competes with Babcock Wilcox, Morgan Stanley, National Storage, Morningstar Unconstrained, High-yield Municipal, Thrivent High, and Via Renewables. More
Chart Industries 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 Chart Industries' preferred 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 Chart Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.1935 | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (2.31) | |||
| Potential Upside | 5.2 |
Chart Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chart Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chart Industries' standard deviation. In reality, there are many statistical measures that can use Chart Industries historical prices to predict the future Chart Industries' volatility.| Risk Adjusted Performance | 0.1959 | |||
| Jensen Alpha | 0.3544 | |||
| Total Risk Alpha | 0.2099 | |||
| Sortino Ratio | 0.2525 | |||
| Treynor Ratio | 0.2956 |
Chart Industries Backtested Returns
Chart Industries appears to be very steady, given 3 months investment horizon. Chart Industries secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of standard deviation over the last 3 months. By analyzing Chart Industries' technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of Chart Industries' risk adjusted performance of 0.1959, and Mean Deviation of 1.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chart Industries holds a performance score of 20. The firm shows a Beta (market volatility) of 2.03, 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, Chart Industries will likely underperform. Please check Chart Industries' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Chart Industries' price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Chart Industries has good predictability. Overlapping area represents the amount of predictability between Chart Industries time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Chart Industries price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Chart Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 6.74 |
Chart Industries lagged returns against current returns
Autocorrelation, which is Chart Industries preferred 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 Chart Industries' preferred stock expected returns. We can calculate the autocorrelation of Chart Industries returns to help us make a trade decision. For example, suppose you find that Chart Industries has exhibited high autocorrelation historically, and you observe that the preferred 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 |
Chart Industries 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 Chart Industries preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chart Industries preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chart Industries preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Chart Industries Lagged Returns
When evaluating Chart Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chart Industries preferred stock have on its future price. Chart Industries 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, Chart Industries autocorrelation shows the relationship between Chart Industries preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Chart Industries.
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.Other Information on Investing in Chart Preferred Stock
Chart Industries financial ratios help investors to determine whether Chart Preferred 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 Chart with respect to the benefits of owning Chart Industries security.