Sichuan Changhong (China) Market Value
| 600839 Stock | 10.78 0.27 2.44% |
| Symbol | Sichuan |
Sichuan Changhong '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 Changhong'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 Changhong.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Sichuan Changhong on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sichuan Changhong Electric or generate 0.0% return on investment in Sichuan Changhong over 30 days. Sichuan Changhong is related to or competes with China Aluminum, Shaanxi Broadcast, Heilongjiang Transport, Anhui Transport, Hainan Haiqi, RoadMain T, and Bomesc Offshore. Sichuan Changhong is entity of China. It is traded as Stock on SHG exchange. More
Sichuan Changhong 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 Changhong'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 Changhong Electric upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.77 | |||
| Information Ratio | 0.2271 | |||
| Maximum Drawdown | 20.07 | |||
| Value At Risk | (8.25) | |||
| Potential Upside | 10.02 |
Sichuan Changhong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Changhong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Changhong's standard deviation. In reality, there are many statistical measures that can use Sichuan Changhong historical prices to predict the future Sichuan Changhong's volatility.| Risk Adjusted Performance | 0.1942 | |||
| Jensen Alpha | 1.3 | |||
| Total Risk Alpha | 1.14 | |||
| Sortino Ratio | 0.2676 | |||
| Treynor Ratio | (4.93) |
Sichuan Changhong Backtested Returns
Sichuan Changhong is slightly risky given 3 months investment horizon. Sichuan Changhong owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the firm had a 0.2% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Sichuan Changhong Risk Adjusted Performance of 0.1942, coefficient of variation of 429.41, and Semi Deviation of 3.95 to evaluate company specific risk that cannot be diversified away. Sichuan Changhong holds a performance score of 15 on a scale of zero to a hundred. The entity has a beta of -0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sichuan Changhong are expected to decrease at a much lower rate. During the bear market, Sichuan Changhong is likely to outperform the market. Use Sichuan Changhong downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Sichuan Changhong.
Auto-correlation | -0.45 |
Modest reverse predictability
Sichuan Changhong Electric has modest reverse predictability. Overlapping area represents the amount of predictability between Sichuan Changhong time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Changhong price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Sichuan Changhong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Sichuan Changhong lagged returns against current returns
Autocorrelation, which is Sichuan Changhong 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 Changhong's stock expected returns. We can calculate the autocorrelation of Sichuan Changhong returns to help us make a trade decision. For example, suppose you find that Sichuan Changhong 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 Changhong 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 Changhong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Changhong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Changhong stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Changhong Lagged Returns
When evaluating Sichuan Changhong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Changhong stock have on its future price. Sichuan Changhong 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 Changhong autocorrelation shows the relationship between Sichuan Changhong stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Changhong Electric.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sichuan Stock
Sichuan Changhong 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 Changhong security.