Changchun (China) Market Value
| 002338 Stock | 42.84 0.14 0.33% |
| Symbol | Changchun |
Changchun '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'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.
| 09/11/2024 |
| 12/10/2024 |
If you would invest 0.00 in Changchun on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Changchun UP Optotech or generate 0.0% return on investment in Changchun over 90 days. Changchun is related to or competes with China Nonferrous, Yunnan Xiyi, Zhejiang Yayi, Tibet Huayu, Huafa Industrial, Uroica Mining, and Metallurgical. Changchun is entity of China. It is traded as Stock on SHE exchange. More
Changchun 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'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 UP Optotech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.55 | |||
| Information Ratio | 0.1776 | |||
| Maximum Drawdown | 18.3 | |||
| Value At Risk | (6.63) | |||
| Potential Upside | 9.72 |
Changchun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changchun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changchun's standard deviation. In reality, there are many statistical measures that can use Changchun historical prices to predict the future Changchun's volatility.| Risk Adjusted Performance | 0.1579 | |||
| Jensen Alpha | 0.8687 | |||
| Total Risk Alpha | 0.1948 | |||
| Sortino Ratio | 0.21 | |||
| Treynor Ratio | (11.18) |
Changchun UP Optotech Backtested Returns
Changchun appears to be not too volatile, given 3 months investment horizon. Changchun UP Optotech secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of standard deviation over the last 3 months. By analyzing Changchun's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please makes use of Changchun's mean deviation of 3.26, and Risk Adjusted Performance of 0.1579 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changchun holds a performance score of 17. The firm shows a Beta (market volatility) of -0.0769, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Changchun are expected to decrease at a much lower rate. During the bear market, Changchun is likely to outperform the market. Please check Changchun's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Changchun's price patterns will revert.
Auto-correlation | 0.03 |
Virtually no predictability
Changchun UP Optotech has virtually no predictability. Overlapping area represents the amount of predictability between Changchun time series from 11th of September 2024 to 26th of October 2024 and 26th of October 2024 to 10th 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 Changchun UP Optotech price movement. The serial correlation of 0.03 indicates that only 3.0% of current Changchun price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 14.42 |
Changchun UP Optotech lagged returns against current returns
Autocorrelation, which is Changchun 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's stock expected returns. We can calculate the autocorrelation of Changchun returns to help us make a trade decision. For example, suppose you find that Changchun 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changchun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changchun stock over time.
Current vs Lagged Prices |
| Timeline |
Changchun Lagged Returns
When evaluating Changchun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changchun stock have on its future price. Changchun 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 autocorrelation shows the relationship between Changchun stock current value and its past values and can show if there is a momentum factor associated with investing in Changchun UP Optotech.
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 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 security.