Cangzhou Mingzhu (China) Market Value
| 002108 Stock | 3.97 0.36 9.97% |
| Symbol | Cangzhou |
Cangzhou Mingzhu '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 Cangzhou Mingzhu'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 Cangzhou Mingzhu.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Cangzhou Mingzhu on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Cangzhou Mingzhu Plastic or generate 0.0% return on investment in Cangzhou Mingzhu over 720 days. Cangzhou Mingzhu is related to or competes with Gansu Jiu, Ming Yang, Aba Chemicals, Loctek Ergonomic, Queclink Wireless, Changchun Faway, and Shandong Ruifeng. Cangzhou Mingzhu is entity of China. It is traded as Stock on SHE exchange. More
Cangzhou Mingzhu 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 Cangzhou Mingzhu'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 Cangzhou Mingzhu Plastic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.1143 | |||
| Maximum Drawdown | 16.89 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 3.79 |
Cangzhou Mingzhu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cangzhou Mingzhu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cangzhou Mingzhu's standard deviation. In reality, there are many statistical measures that can use Cangzhou Mingzhu historical prices to predict the future Cangzhou Mingzhu's volatility.| Risk Adjusted Performance | 0.1352 | |||
| Jensen Alpha | 0.4319 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1339 | |||
| Treynor Ratio | (5.70) |
Cangzhou Mingzhu Plastic Backtested Returns
Cangzhou Mingzhu appears to be relatively risky, given 3 months investment horizon. Cangzhou Mingzhu Plastic secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cangzhou Mingzhu Plastic, which you can use to evaluate the volatility of the firm. Please makes use of Cangzhou Mingzhu's Risk Adjusted Performance of 0.1352, mean deviation of 1.77, and Downside Deviation of 2.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cangzhou Mingzhu holds a performance score of 14. The firm shows a Beta (market volatility) of -0.0741, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cangzhou Mingzhu are expected to decrease at a much lower rate. During the bear market, Cangzhou Mingzhu is likely to outperform the market. Please check Cangzhou Mingzhu's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Cangzhou Mingzhu's price patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Cangzhou Mingzhu Plastic has virtually no predictability. Overlapping area represents the amount of predictability between Cangzhou Mingzhu time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 Cangzhou Mingzhu Plastic price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Cangzhou Mingzhu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Cangzhou Mingzhu Plastic lagged returns against current returns
Autocorrelation, which is Cangzhou Mingzhu 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 Cangzhou Mingzhu's stock expected returns. We can calculate the autocorrelation of Cangzhou Mingzhu returns to help us make a trade decision. For example, suppose you find that Cangzhou Mingzhu 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 |
Cangzhou Mingzhu 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 Cangzhou Mingzhu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cangzhou Mingzhu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cangzhou Mingzhu stock over time.
Current vs Lagged Prices |
| Timeline |
Cangzhou Mingzhu Lagged Returns
When evaluating Cangzhou Mingzhu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cangzhou Mingzhu stock have on its future price. Cangzhou Mingzhu 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, Cangzhou Mingzhu autocorrelation shows the relationship between Cangzhou Mingzhu stock current value and its past values and can show if there is a momentum factor associated with investing in Cangzhou Mingzhu Plastic.
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 Cangzhou Stock
Cangzhou Mingzhu financial ratios help investors to determine whether Cangzhou 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 Cangzhou with respect to the benefits of owning Cangzhou Mingzhu security.