Changchun Engley (China) Market Value
| 601279 Stock | 4.25 0.14 3.41% |
| Symbol | Changchun |
Changchun Engley '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 Changchun Engley'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 Changchun Engley.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Changchun Engley on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Changchun Engley Automobile or generate 0.0% return on investment in Changchun Engley over 360 days. Changchun Engley is related to or competes with JCHX Mining, Iat Automobile, Chengtun Mining, Hainan Mining, Zhengzhou Coal, Hubei Forbon, and Guangdong Silvere. Changchun Engley is entity of China. It is traded as Stock on SHG exchange. More
Changchun Engley 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 Changchun Engley'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 Changchun Engley Automobile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.0703 | |||
| Maximum Drawdown | 17.28 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.21 |
Changchun Engley Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changchun Engley's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changchun Engley's standard deviation. In reality, there are many statistical measures that can use Changchun Engley historical prices to predict the future Changchun Engley's volatility.| Risk Adjusted Performance | 0.0959 | |||
| Jensen Alpha | 0.3399 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0756 | |||
| Treynor Ratio | 83.03 |
Changchun Engley Aut Backtested Returns
Changchun Engley appears to be moderately volatile, given 3 months investment horizon. Changchun Engley Aut secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Changchun Engley Automobile, which you can use to evaluate the volatility of the firm. Please makes use of Changchun Engley's mean deviation of 2.31, and Risk Adjusted Performance of 0.0959 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Changchun Engley holds a performance score of 11. The firm shows a Beta (market volatility) of 0.0041, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Changchun Engley's returns are expected to increase less than the market. However, during the bear market, the loss of holding Changchun Engley is expected to be smaller as well. Please check Changchun Engley's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Changchun Engley's price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Changchun Engley Automobile has weak predictability. Overlapping area represents the amount of predictability between Changchun Engley time series from 8th of December 2023 to 5th of June 2024 and 5th of June 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 Changchun Engley Aut price movement. The serial correlation of 0.23 indicates that over 23.0% of current Changchun Engley price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Changchun Engley Aut lagged returns against current returns
Autocorrelation, which is Changchun Engley 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 Changchun Engley's stock expected returns. We can calculate the autocorrelation of Changchun Engley returns to help us make a trade decision. For example, suppose you find that Changchun Engley 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 |
Changchun Engley 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 Changchun Engley stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changchun Engley stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changchun Engley stock over time.
Current vs Lagged Prices |
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Changchun Engley Lagged Returns
When evaluating Changchun Engley's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changchun Engley stock have on its future price. Changchun Engley 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, Changchun Engley autocorrelation shows the relationship between Changchun Engley stock current value and its past values and can show if there is a momentum factor associated with investing in Changchun Engley Automobile.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Changchun Stock
Changchun Engley financial ratios help investors to determine whether Changchun 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 Changchun with respect to the benefits of owning Changchun Engley security.