CHUGOKU EL (Germany) Market Value
| 59K Stock | EUR 5.30 0.05 0.93% |
| Symbol | CHUGOKU |
CHUGOKU EL '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 CHUGOKU EL'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 CHUGOKU EL.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in CHUGOKU EL on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding CHUGOKU EL PWR or generate 0.0% return on investment in CHUGOKU EL over 30 days. CHUGOKU EL is related to or competes with VERBUND AG, TOHOKU EL, BEIJJINGNENG CLERGHYC1, EnviTec Biogas, and HOKURIKU. The Chugoku Electric Power Co., Inc. engages in generation, transmission, and distribution of electric power in Japan More
CHUGOKU EL 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 CHUGOKU EL'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 CHUGOKU EL PWR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 15.63 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 3.51 |
CHUGOKU EL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHUGOKU EL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHUGOKU EL's standard deviation. In reality, there are many statistical measures that can use CHUGOKU EL historical prices to predict the future CHUGOKU EL's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 1.32 |
CHUGOKU EL PWR Backtested Returns
CHUGOKU EL PWR secures Sharpe Ratio (or Efficiency) of -0.0707, which signifies that the company had a -0.0707% return per unit of volatility over the last 3 months. CHUGOKU EL PWR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CHUGOKU EL's risk adjusted performance of (0.04), and Mean Deviation of 1.73 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CHUGOKU EL are expected to decrease at a much lower rate. During the bear market, CHUGOKU EL is likely to outperform the market. At this point, CHUGOKU EL PWR has a negative expected return of -0.17%. Please make sure to confirm CHUGOKU EL's treynor ratio, skewness, and the relationship between the total risk alpha and potential upside , to decide if CHUGOKU EL PWR performance from the past will be repeated in the future.
Auto-correlation | 0.64 |
Good predictability
CHUGOKU EL PWR has good predictability. Overlapping area represents the amount of predictability between CHUGOKU EL 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 CHUGOKU EL PWR price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current CHUGOKU EL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
CHUGOKU EL PWR lagged returns against current returns
Autocorrelation, which is CHUGOKU EL 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 CHUGOKU EL's stock expected returns. We can calculate the autocorrelation of CHUGOKU EL returns to help us make a trade decision. For example, suppose you find that CHUGOKU EL 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 |
CHUGOKU EL 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 CHUGOKU EL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHUGOKU EL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHUGOKU EL stock over time.
Current vs Lagged Prices |
| Timeline |
CHUGOKU EL Lagged Returns
When evaluating CHUGOKU EL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHUGOKU EL stock have on its future price. CHUGOKU EL 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, CHUGOKU EL autocorrelation shows the relationship between CHUGOKU EL stock current value and its past values and can show if there is a momentum factor associated with investing in CHUGOKU EL PWR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CHUGOKU Stock
CHUGOKU EL financial ratios help investors to determine whether CHUGOKU 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 CHUGOKU with respect to the benefits of owning CHUGOKU EL security.