Chongqing Sulian (China) Market Value
| 301397 Stock | 29.26 0.07 0.24% |
| Symbol | Chongqing |
Chongqing Sulian '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 Sulian'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 Sulian.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Chongqing Sulian on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Chongqing Sulian Plastic or generate 0.0% return on investment in Chongqing Sulian over 30 days. Chongqing Sulian is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. Chongqing Sulian is entity of China. It is traded as Stock on SHE exchange. More
Chongqing Sulian 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 Sulian'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 Sulian Plastic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.41 | |||
| Information Ratio | 0.1023 | |||
| Maximum Drawdown | 23.92 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 9.3 |
Chongqing Sulian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chongqing Sulian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chongqing Sulian's standard deviation. In reality, there are many statistical measures that can use Chongqing Sulian historical prices to predict the future Chongqing Sulian's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.6149 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1221 | |||
| Treynor Ratio | (0.72) |
Chongqing Sulian Plastic Backtested Returns
Chongqing Sulian appears to be not too volatile, given 3 months investment horizon. Chongqing Sulian Plastic secures Sharpe Ratio (or Efficiency) of 0.17, which signifies that the company had a 0.17% return per unit of risk over the last 3 months. By analyzing Chongqing Sulian's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of Chongqing Sulian's Downside Deviation of 3.41, mean deviation of 2.83, and Risk Adjusted Performance of 0.1042 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chongqing Sulian holds a performance score of 13. 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 Sulian are expected to decrease at a much lower rate. During the bear market, Chongqing Sulian is likely to outperform the market. Please check Chongqing Sulian'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 Sulian's price patterns will revert.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Chongqing Sulian Plastic has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Chongqing Sulian time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Sulian Plastic price movement. The serial correlation of -0.8 indicates that around 80.0% of current Chongqing Sulian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
Chongqing Sulian Plastic lagged returns against current returns
Autocorrelation, which is Chongqing Sulian 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 Sulian's stock expected returns. We can calculate the autocorrelation of Chongqing Sulian returns to help us make a trade decision. For example, suppose you find that Chongqing Sulian 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 Sulian 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 Sulian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chongqing Sulian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chongqing Sulian stock over time.
Current vs Lagged Prices |
| Timeline |
Chongqing Sulian Lagged Returns
When evaluating Chongqing Sulian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chongqing Sulian stock have on its future price. Chongqing Sulian 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 Sulian autocorrelation shows the relationship between Chongqing Sulian stock current value and its past values and can show if there is a momentum factor associated with investing in Chongqing Sulian 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 Chongqing Stock
Chongqing Sulian 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 Sulian security.