City Development (China) Market Value
| 000885 Stock | 13.30 0.08 0.61% |
| Symbol | City |
City Development '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 City Development'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 City Development.
| 10/27/2024 |
| 12/26/2024 |
If you would invest 0.00 in City Development on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding City Development Environment or generate 0.0% return on investment in City Development over 60 days. City Development is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. City Development is entity of China. It is traded as Stock on SHE exchange. More
City Development 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 City Development'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 City Development Environment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.1148 | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 4.56 |
City Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for City Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as City Development's standard deviation. In reality, there are many statistical measures that can use City Development historical prices to predict the future City Development's volatility.| Risk Adjusted Performance | 0.1122 | |||
| Jensen Alpha | 0.3246 | |||
| Total Risk Alpha | 0.2252 | |||
| Sortino Ratio | 0.1147 | |||
| Treynor Ratio | 0.7175 |
City Development Env Backtested Returns
City Development appears to be not too volatile, given 3 months investment horizon. City Development Env secures Sharpe Ratio (or Efficiency) of 0.0821, which signifies that the company had a 0.0821% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for City Development Environment, which you can use to evaluate the volatility of the firm. Please makes use of City Development's Mean Deviation of 1.87, downside deviation of 2.67, and Risk Adjusted Performance of 0.1122 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, City Development holds a performance score of 6. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, City Development's returns are expected to increase less than the market. However, during the bear market, the loss of holding City Development is expected to be smaller as well. Please check City Development's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether City Development's price patterns will revert.
Auto-correlation | -0.15 |
Insignificant reverse predictability
City Development Environment has insignificant reverse predictability. Overlapping area represents the amount of predictability between City Development time series from 27th of October 2024 to 26th of November 2024 and 26th of November 2024 to 26th 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 City Development Env price movement. The serial correlation of -0.15 indicates that less than 15.0% of current City Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
City Development Env lagged returns against current returns
Autocorrelation, which is City Development 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 City Development's stock expected returns. We can calculate the autocorrelation of City Development returns to help us make a trade decision. For example, suppose you find that City Development 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 |
City Development 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 City Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if City Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in City Development stock over time.
Current vs Lagged Prices |
| Timeline |
City Development Lagged Returns
When evaluating City Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of City Development stock have on its future price. City Development 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, City Development autocorrelation shows the relationship between City Development stock current value and its past values and can show if there is a momentum factor associated with investing in City Development Environment.
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 City Stock
City Development financial ratios help investors to determine whether City 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 City with respect to the benefits of owning City Development security.