World Chess (UK) Market Value
| CHSS Stock | 3.75 0.25 7.14% |
| Symbol | World |
World Chess '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 World Chess' 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 World Chess.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in World Chess on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding World Chess PLC or generate 0.0% return on investment in World Chess over 240 days. World Chess is related to or competes with Samsung Electronics, Samsung Electronics, Hyundai, Toyota, SoftBank Group, and State Bank. World Chess is entity of United Kingdom. It is traded as Stock on LSE exchange. More
World Chess 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 World Chess' 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 World Chess PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 54.76 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 9.52 |
World Chess Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Chess' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Chess' standard deviation. In reality, there are many statistical measures that can use World Chess historical prices to predict the future World Chess' volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.63) | |||
| Total Risk Alpha | (3.04) | |||
| Treynor Ratio | (0.67) |
World Chess PLC Backtested Returns
World Chess PLC shows Sharpe Ratio of -0.11, which attests that the company had a -0.11% return per unit of risk over the last 3 months. World Chess PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out World Chess' Mean Deviation of 5.53, standard deviation of 10.03, and Market Risk Adjusted Performance of (0.66) to validate the risk estimate we provide. The firm maintains a market beta of 2.06, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, World Chess will likely underperform. At this point, World Chess PLC has a negative expected return of -1.09%. Please make sure to check out World Chess' value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if World Chess PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.32 |
Poor reverse predictability
World Chess PLC has poor reverse predictability. Overlapping area represents the amount of predictability between World Chess time series from 6th of April 2024 to 4th of August 2024 and 4th of August 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 World Chess PLC price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current World Chess price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 19.51 |
World Chess PLC lagged returns against current returns
Autocorrelation, which is World Chess 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 World Chess' stock expected returns. We can calculate the autocorrelation of World Chess returns to help us make a trade decision. For example, suppose you find that World Chess 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 |
World Chess 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 World Chess stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Chess stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in World Chess stock over time.
Current vs Lagged Prices |
| Timeline |
World Chess Lagged Returns
When evaluating World Chess' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Chess stock have on its future price. World Chess 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, World Chess autocorrelation shows the relationship between World Chess stock current value and its past values and can show if there is a momentum factor associated with investing in World Chess PLC.
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 World Stock Analysis
When running World Chess' price analysis, check to measure World Chess' 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 World Chess is operating at the current time. Most of World Chess' value examination focuses on studying past and present price action to predict the probability of World Chess' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move World Chess' price. Additionally, you may evaluate how the addition of World Chess to your portfolios can decrease your overall portfolio volatility.