Sichuan Chuantou (China) Market Value
| 600674 Stock | 17.08 0.07 0.41% |
| Symbol | Sichuan |
Sichuan Chuantou '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 Sichuan Chuantou'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 Sichuan Chuantou.
| 10/30/2023 |
| 12/23/2024 |
If you would invest 0.00 in Sichuan Chuantou on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Sichuan Chuantou Energy or generate 0.0% return on investment in Sichuan Chuantou over 420 days. Sichuan Chuantou is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Sichuan Chuantou is entity of China. It is traded as Stock on SHG exchange. More
Sichuan Chuantou 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 Sichuan Chuantou'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 Sichuan Chuantou Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.48 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.02 |
Sichuan Chuantou Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Chuantou's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Chuantou's standard deviation. In reality, there are many statistical measures that can use Sichuan Chuantou historical prices to predict the future Sichuan Chuantou's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.122 |
Sichuan Chuantou Energy Backtested Returns
Sichuan Chuantou Energy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0555, which indicates the firm had a -0.0555% return per unit of risk over the last 3 months. Sichuan Chuantou Energy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sichuan Chuantou's Variance of 3.05, risk adjusted performance of 0.0014, and Coefficient Of Variation of (19,719) to confirm the risk estimate we provide. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sichuan Chuantou are expected to decrease at a much lower rate. During the bear market, Sichuan Chuantou is likely to outperform the market. At this point, Sichuan Chuantou Energy has a negative expected return of -0.0944%. Please make sure to validate Sichuan Chuantou's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Sichuan Chuantou Energy performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Sichuan Chuantou Energy has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Sichuan Chuantou time series from 30th of October 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Sichuan Chuantou Energy price movement. The serial correlation of -0.74 indicates that around 74.0% of current Sichuan Chuantou price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Sichuan Chuantou Energy lagged returns against current returns
Autocorrelation, which is Sichuan Chuantou 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 Sichuan Chuantou's stock expected returns. We can calculate the autocorrelation of Sichuan Chuantou returns to help us make a trade decision. For example, suppose you find that Sichuan Chuantou 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 |
Sichuan Chuantou 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 Sichuan Chuantou stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Chuantou stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Chuantou stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Chuantou Lagged Returns
When evaluating Sichuan Chuantou's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Chuantou stock have on its future price. Sichuan Chuantou 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, Sichuan Chuantou autocorrelation shows the relationship between Sichuan Chuantou stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Chuantou Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sichuan Stock
Sichuan Chuantou financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Chuantou security.