China Hongqiao Group Stock Market Value
| CHHQY Stock | USD 13.26 0.00 0.00% |
| Symbol | China |
China Hongqiao '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 China Hongqiao's pink sheet 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 China Hongqiao.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in China Hongqiao on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding China Hongqiao Group or generate 0.0% return on investment in China Hongqiao over 30 days. China Hongqiao is related to or competes with Kaiser Aluminum, Century Aluminum, Constellium, and Alcoa Corp. China Hongqiao Group Limited, an investment holding company, manufactures and sells aluminum products in the Peoples Rep... More
China Hongqiao 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 China Hongqiao's pink sheet 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 China Hongqiao Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0801 | |||
| Maximum Drawdown | 6.08 |
China Hongqiao Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Hongqiao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Hongqiao's standard deviation. In reality, there are many statistical measures that can use China Hongqiao historical prices to predict the future China Hongqiao's volatility.| Risk Adjusted Performance | 0.0969 | |||
| Jensen Alpha | 0.0831 | |||
| Total Risk Alpha | 0.0612 | |||
| Treynor Ratio | (1.78) |
China Hongqiao Group Backtested Returns
At this stage we consider China Pink Sheet to be very steady. China Hongqiao Group secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for China Hongqiao Group, which you can use to evaluate the volatility of the firm. Please confirm China Hongqiao's Mean Deviation of 0.1815, risk adjusted performance of 0.0969, and Standard Deviation of 0.7484 to double-check if the risk estimate we provide is consistent with the expected return of 0.095%. China Hongqiao has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0462, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Hongqiao are expected to decrease at a much lower rate. During the bear market, China Hongqiao is likely to outperform the market. China Hongqiao Group right now shows a risk of 0.76%. Please confirm China Hongqiao Group coefficient of variation and skewness , to decide if China Hongqiao Group will be following its price patterns.
Auto-correlation | 0.00 |
No correlation between past and present
China Hongqiao Group has no correlation between past and present. Overlapping area represents the amount of predictability between China Hongqiao time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 China Hongqiao Group price movement. The serial correlation of 0.0 indicates that just 0.0% of current China Hongqiao 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 |
China Hongqiao Group lagged returns against current returns
Autocorrelation, which is China Hongqiao pink sheet'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 China Hongqiao's pink sheet expected returns. We can calculate the autocorrelation of China Hongqiao returns to help us make a trade decision. For example, suppose you find that China Hongqiao has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
China Hongqiao 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 China Hongqiao pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Hongqiao pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Hongqiao pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Hongqiao Lagged Returns
When evaluating China Hongqiao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Hongqiao pink sheet have on its future price. China Hongqiao 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, China Hongqiao autocorrelation shows the relationship between China Hongqiao pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Hongqiao Group.
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 China Pink Sheet Analysis
When running China Hongqiao's price analysis, check to measure China Hongqiao's 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 China Hongqiao is operating at the current time. Most of China Hongqiao's value examination focuses on studying past and present price action to predict the probability of China Hongqiao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Hongqiao's price. Additionally, you may evaluate how the addition of China Hongqiao to your portfolios can decrease your overall portfolio volatility.