Chahua Modern (China) Market Value
| 603615 Stock | 21.87 1.05 5.04% |
| Symbol | Chahua |
Chahua Modern '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 Chahua Modern'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 Chahua Modern.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Chahua Modern on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Chahua Modern Housewares or generate 0.0% return on investment in Chahua Modern over 30 days. Chahua Modern is related to or competes with Guangzhou Ruoyuchen, Guangzhou Jointas, Lianhe Chemical, Dawning Information, CITIC Guoan, Jilin Chemical, and Dymatic Chemicals. Chahua Modern is entity of China. It is traded as Stock on SHG exchange. More
Chahua Modern 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 Chahua Modern'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 Chahua Modern Housewares upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.1832 | |||
| Maximum Drawdown | 18.21 | |||
| Value At Risk | (4.88) | |||
| Potential Upside | 7.91 |
Chahua Modern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chahua Modern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chahua Modern's standard deviation. In reality, there are many statistical measures that can use Chahua Modern historical prices to predict the future Chahua Modern's volatility.| Risk Adjusted Performance | 0.1721 | |||
| Jensen Alpha | 0.8394 | |||
| Total Risk Alpha | 0.1997 | |||
| Sortino Ratio | 0.2196 | |||
| Treynor Ratio | 1.21 |
Chahua Modern Housewares Backtested Returns
Chahua Modern appears to be not too volatile, given 3 months investment horizon. Chahua Modern Housewares secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. By analyzing Chahua Modern's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please makes use of Chahua Modern's risk adjusted performance of 0.1721, and Mean Deviation of 3.51 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chahua Modern holds a performance score of 16. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Chahua Modern's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chahua Modern is expected to be smaller as well. Please check Chahua Modern's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Chahua Modern's price patterns will revert.
Auto-correlation | 0.24 |
Weak predictability
Chahua Modern Housewares has weak predictability. Overlapping area represents the amount of predictability between Chahua Modern time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 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 Chahua Modern Housewares price movement. The serial correlation of 0.24 indicates that over 24.0% of current Chahua Modern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.91 |
Chahua Modern Housewares lagged returns against current returns
Autocorrelation, which is Chahua Modern 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 Chahua Modern's stock expected returns. We can calculate the autocorrelation of Chahua Modern returns to help us make a trade decision. For example, suppose you find that Chahua Modern 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 |
Chahua Modern 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 Chahua Modern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chahua Modern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chahua Modern stock over time.
Current vs Lagged Prices |
| Timeline |
Chahua Modern Lagged Returns
When evaluating Chahua Modern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chahua Modern stock have on its future price. Chahua Modern 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, Chahua Modern autocorrelation shows the relationship between Chahua Modern stock current value and its past values and can show if there is a momentum factor associated with investing in Chahua Modern Housewares.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Chahua Stock
Chahua Modern financial ratios help investors to determine whether Chahua 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 Chahua with respect to the benefits of owning Chahua Modern security.