Chongqing Shunbo (China) Market Value
| 002996 Stock | 6.69 0.04 0.60% |
| Symbol | Chongqing |
Chongqing Shunbo '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 Chongqing Shunbo'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 Chongqing Shunbo.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Chongqing Shunbo on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Shunbo Aluminum or generate 0.0% return on investment in Chongqing Shunbo over 180 days. Chongqing Shunbo is related to or competes with Iat Automobile, Keeson Technology, XinJiang GuoTong, Sinomach Automobile, Olympic Circuit, Shandong Longquan, and Vontron Technology. Chongqing Shunbo is entity of China. It is traded as Stock on SHE exchange. More
Chongqing Shunbo 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 Chongqing Shunbo'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 Chongqing Shunbo Aluminum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.104 | |||
| Maximum Drawdown | 18.71 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.63 |
Chongqing Shunbo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Shunbo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Shunbo's standard deviation. In reality, there are many statistical measures that can use Chongqing Shunbo historical prices to predict the future Chongqing Shunbo's volatility.| Risk Adjusted Performance | 0.1241 | |||
| Jensen Alpha | 0.5131 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0971 | |||
| Treynor Ratio | (0.58) |
Chongqing Shunbo Aluminum Backtested Returns
Chongqing Shunbo appears to be slightly risky, given 3 months investment horizon. Chongqing Shunbo Aluminum secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Chongqing Shunbo Aluminum, which you can use to evaluate the volatility of the firm. Please makes use of Chongqing Shunbo's Mean Deviation of 2.03, risk adjusted performance of 0.1241, and Downside Deviation of 3.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing Shunbo holds a performance score of 12. The firm shows a Beta (market volatility) of -0.73, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Chongqing Shunbo are expected to decrease at a much lower rate. During the bear market, Chongqing Shunbo is likely to outperform the market. Please check Chongqing Shunbo's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Chongqing Shunbo's price patterns will revert.
Auto-correlation | -0.85 |
Excellent reverse predictability
Chongqing Shunbo Aluminum has excellent reverse predictability. Overlapping area represents the amount of predictability between Chongqing Shunbo time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Chongqing Shunbo Aluminum price movement. The serial correlation of -0.85 indicates that around 85.0% of current Chongqing Shunbo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Chongqing Shunbo Aluminum lagged returns against current returns
Autocorrelation, which is Chongqing Shunbo 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 Chongqing Shunbo's stock expected returns. We can calculate the autocorrelation of Chongqing Shunbo returns to help us make a trade decision. For example, suppose you find that Chongqing Shunbo 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 |
Chongqing Shunbo 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 Chongqing Shunbo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Shunbo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Shunbo stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Shunbo Lagged Returns
When evaluating Chongqing Shunbo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Shunbo stock have on its future price. Chongqing Shunbo 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, Chongqing Shunbo autocorrelation shows the relationship between Chongqing Shunbo stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Shunbo Aluminum.
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 Chongqing Stock
Chongqing Shunbo financial ratios help investors to determine whether Chongqing 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 Chongqing with respect to the benefits of owning Chongqing Shunbo security.