Cowealth Medical (China) Market Value
| 603122 Stock | 7.54 0.04 0.53% |
| Symbol | Cowealth |
Cowealth Medical '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 Cowealth Medical'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 Cowealth Medical.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Cowealth Medical on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Cowealth Medical China or generate 0.0% return on investment in Cowealth Medical over 720 days. Cowealth Medical is related to or competes with Sportsoul, Guizhou Chanhen, Wuxi Chemical, Chengdu B, Shuhua Sports, Do-Fluoride Chemicals, and Ningxia Younglight. Cowealth Medical is entity of China. It is traded as Stock on SHG exchange. More
Cowealth Medical 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 Cowealth Medical'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 Cowealth Medical China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.28 | |||
| Information Ratio | 0.0596 | |||
| Maximum Drawdown | 20.07 | |||
| Value At Risk | (6.38) | |||
| Potential Upside | 9.98 |
Cowealth Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cowealth Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cowealth Medical's standard deviation. In reality, there are many statistical measures that can use Cowealth Medical historical prices to predict the future Cowealth Medical's volatility.| Risk Adjusted Performance | 0.0788 | |||
| Jensen Alpha | 0.4094 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | 0.0586 | |||
| Treynor Ratio | (1.55) |
Cowealth Medical China Backtested Returns
Cowealth Medical appears to be slightly risky, given 3 months investment horizon. Cowealth Medical China secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing Cowealth Medical's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Cowealth Medical's Mean Deviation of 3.09, risk adjusted performance of 0.0788, and Downside Deviation of 4.28 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cowealth Medical holds a performance score of 12. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cowealth Medical are expected to decrease at a much lower rate. During the bear market, Cowealth Medical is likely to outperform the market. Please check Cowealth Medical's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Cowealth Medical's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
Cowealth Medical China has modest predictability. Overlapping area represents the amount of predictability between Cowealth Medical time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Cowealth Medical China price movement. The serial correlation of 0.55 indicates that about 55.0% of current Cowealth Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.95 |
Cowealth Medical China lagged returns against current returns
Autocorrelation, which is Cowealth Medical 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 Cowealth Medical's stock expected returns. We can calculate the autocorrelation of Cowealth Medical returns to help us make a trade decision. For example, suppose you find that Cowealth Medical 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 |
Cowealth Medical 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 Cowealth Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cowealth Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cowealth Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Cowealth Medical Lagged Returns
When evaluating Cowealth Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cowealth Medical stock have on its future price. Cowealth Medical 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, Cowealth Medical autocorrelation shows the relationship between Cowealth Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Cowealth Medical China.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cowealth Stock
Cowealth Medical financial ratios help investors to determine whether Cowealth 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 Cowealth with respect to the benefits of owning Cowealth Medical security.