Changchun High (China) Market Value
| 000661 Stock | 107.22 1.63 1.54% |
| Symbol | Changchun |
Changchun High '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 Changchun High'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 Changchun High.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Changchun High on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Changchun High New or generate 0.0% return on investment in Changchun High over 30 days. Changchun High is related to or competes with Jiangsu Jinling, Shuhua Sports, Shandong Polymer, Shenzhen Glory, GKHT Medical, China Sports, and Lander Sports. Changchun High is entity of China. It is traded as Stock on SHE exchange. More
Changchun High 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 Changchun High'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 Changchun High New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.102 | |||
| Maximum Drawdown | 17.13 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 7.55 |
Changchun High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changchun High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changchun High's standard deviation. In reality, there are many statistical measures that can use Changchun High historical prices to predict the future Changchun High's volatility.| Risk Adjusted Performance | 0.1176 | |||
| Jensen Alpha | 0.47 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1455 | |||
| Treynor Ratio | (8.64) |
Changchun High New Backtested Returns
Changchun High appears to be very steady, given 3 months investment horizon. Changchun High New secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of standard deviation over the last 3 months. By analyzing Changchun High's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Changchun High's mean deviation of 2.3, and Risk Adjusted Performance of 0.1176 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changchun High holds a performance score of 13. The firm shows a Beta (market volatility) of -0.0536, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Changchun High are expected to decrease at a much lower rate. During the bear market, Changchun High is likely to outperform the market. Please check Changchun High's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Changchun High's price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
Changchun High New has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Changchun High time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Changchun High New price movement. The serial correlation of -0.77 indicates that around 77.0% of current Changchun High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 7.66 |
Changchun High New lagged returns against current returns
Autocorrelation, which is Changchun High 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 Changchun High's stock expected returns. We can calculate the autocorrelation of Changchun High returns to help us make a trade decision. For example, suppose you find that Changchun High 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 |
Changchun High 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 Changchun High stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changchun High stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changchun High stock over time.
Current vs Lagged Prices |
| Timeline |
Changchun High Lagged Returns
When evaluating Changchun High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changchun High stock have on its future price. Changchun High 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, Changchun High autocorrelation shows the relationship between Changchun High stock current value and its past values and can show if there is a momentum factor associated with investing in Changchun High New.
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 Changchun Stock
Changchun High financial ratios help investors to determine whether Changchun 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 Changchun with respect to the benefits of owning Changchun High security.