Changshu Ruite (China) Market Value
| 300600 Stock | 7.24 0.11 1.54% |
| Symbol | Changshu |
Changshu Ruite '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 Changshu Ruite'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 Changshu Ruite.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Changshu Ruite on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Changshu Ruite Electric or generate 0.0% return on investment in Changshu Ruite over 90 days. Changshu Ruite is related to or competes with Keda Clean, Juneyao Airlines, Longjian Road, Fujian Longzhou, Shenzhen Noposion, and China Express. More
Changshu Ruite 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 Changshu Ruite'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 Changshu Ruite Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | 0.0926 | |||
| Maximum Drawdown | 20.86 | |||
| Value At Risk | (5.20) | |||
| Potential Upside | 3.88 |
Changshu Ruite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changshu Ruite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changshu Ruite's standard deviation. In reality, there are many statistical measures that can use Changshu Ruite historical prices to predict the future Changshu Ruite's volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.3668 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0851 | |||
| Treynor Ratio | 0.848 |
Changshu Ruite Electric Backtested Returns
Changshu Ruite appears to be slightly risky, given 3 months investment horizon. Changshu Ruite Electric secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Changshu Ruite Electric, which you can use to evaluate the volatility of the firm. Please makes use of Changshu Ruite's risk adjusted performance of 0.1105, and Mean Deviation of 2.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changshu Ruite holds a performance score of 10. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Changshu Ruite's returns are expected to increase less than the market. However, during the bear market, the loss of holding Changshu Ruite is expected to be smaller as well. Please check Changshu Ruite's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Changshu Ruite's price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Changshu Ruite Electric has average predictability. Overlapping area represents the amount of predictability between Changshu Ruite time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 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 Changshu Ruite Electric price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Changshu Ruite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Changshu Ruite Electric lagged returns against current returns
Autocorrelation, which is Changshu Ruite 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 Changshu Ruite's stock expected returns. We can calculate the autocorrelation of Changshu Ruite returns to help us make a trade decision. For example, suppose you find that Changshu Ruite 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 |
Changshu Ruite 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 Changshu Ruite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changshu Ruite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changshu Ruite stock over time.
Current vs Lagged Prices |
| Timeline |
Changshu Ruite Lagged Returns
When evaluating Changshu Ruite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changshu Ruite stock have on its future price. Changshu Ruite 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, Changshu Ruite autocorrelation shows the relationship between Changshu Ruite stock current value and its past values and can show if there is a momentum factor associated with investing in Changshu Ruite Electric.
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 Changshu Stock
Changshu Ruite financial ratios help investors to determine whether Changshu 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 Changshu with respect to the benefits of owning Changshu Ruite security.