Chemours (Mexico) Market Value
| CC Stock | MXN 408.90 0.00 0.00% |
| Symbol | Chemours |
Chemours '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 Chemours' 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 Chemours.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in Chemours on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding The Chemours or generate 0.0% return on investment in Chemours over 30 days. Chemours is related to or competes with Cognizant Technology, FibraHotel, FIBRA Storage, DXC Technology, and Grupo Sports. The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa,... More
Chemours 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 Chemours' 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 The Chemours upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1526 | |||
| Maximum Drawdown | 6.96 |
Chemours Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemours' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemours' standard deviation. In reality, there are many statistical measures that can use Chemours historical prices to predict the future Chemours' volatility.| Risk Adjusted Performance | 0.1562 | |||
| Jensen Alpha | 0.2171 | |||
| Total Risk Alpha | 0.1598 | |||
| Treynor Ratio | (0.98) |
Chemours Backtested Returns
Chemours appears to be very steady, given 3 months investment horizon. Chemours 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. We have found sixteen technical indicators for The Chemours, which you can use to evaluate the volatility of the firm. Please makes use of Chemours' Coefficient Of Variation of 521.87, mean deviation of 0.4193, and Risk Adjusted Performance of 0.1562 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chemours holds a performance score of 15. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chemours are expected to decrease at a much lower rate. During the bear market, Chemours is likely to outperform the market. Please check Chemours' market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and rate of daily change , to make a quick decision on whether Chemours' price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
The Chemours has no correlation between past and present. Overlapping area represents the amount of predictability between Chemours time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Chemours price movement. The serial correlation of 0.0 indicates that just 0.0% of current Chemours price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Chemours lagged returns against current returns
Autocorrelation, which is Chemours 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 Chemours' stock expected returns. We can calculate the autocorrelation of Chemours returns to help us make a trade decision. For example, suppose you find that Chemours 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 |
Chemours 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 Chemours stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemours stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemours stock over time.
Current vs Lagged Prices |
| Timeline |
Chemours Lagged Returns
When evaluating Chemours' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemours stock have on its future price. Chemours 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, Chemours autocorrelation shows the relationship between Chemours stock current value and its past values and can show if there is a momentum factor associated with investing in The Chemours.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Chemours Stock Analysis
When running Chemours' price analysis, check to measure Chemours' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chemours is operating at the current time. Most of Chemours' value examination focuses on studying past and present price action to predict the probability of Chemours' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemours' price. Additionally, you may evaluate how the addition of Chemours to your portfolios can decrease your overall portfolio volatility.