CHEMICAL INDUSTRIES (Germany) Market Value
| V1M Stock | EUR 0.43 0.00 0.00% |
| Symbol | CHEMICAL |
CHEMICAL INDUSTRIES '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 CHEMICAL INDUSTRIES'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 CHEMICAL INDUSTRIES.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in CHEMICAL INDUSTRIES on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding CHEMICAL INDUSTRIES or generate 0.0% return on investment in CHEMICAL INDUSTRIES over 30 days. CHEMICAL INDUSTRIES is related to or competes with SIVERS SEMICONDUCTORS, Darden Restaurants, Reliance Steel, Q2M Managementberatu, Hyster-Yale Materials, Hastings Technology, and Meli Hotels. More
CHEMICAL INDUSTRIES 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 CHEMICAL INDUSTRIES'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 CHEMICAL INDUSTRIES upside and downside potential and time the market with a certain degree of confidence.
CHEMICAL INDUSTRIES Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHEMICAL INDUSTRIES's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHEMICAL INDUSTRIES's standard deviation. In reality, there are many statistical measures that can use CHEMICAL INDUSTRIES historical prices to predict the future CHEMICAL INDUSTRIES's volatility.CHEMICAL INDUSTRIES Backtested Returns
We have found three technical indicators for CHEMICAL INDUSTRIES, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and CHEMICAL INDUSTRIES are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
CHEMICAL INDUSTRIES has no correlation between past and present. Overlapping area represents the amount of predictability between CHEMICAL INDUSTRIES time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 CHEMICAL INDUSTRIES price movement. The serial correlation of 0.0 indicates that just 0.0% of current CHEMICAL INDUSTRIES 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 |
CHEMICAL INDUSTRIES lagged returns against current returns
Autocorrelation, which is CHEMICAL INDUSTRIES 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 CHEMICAL INDUSTRIES's stock expected returns. We can calculate the autocorrelation of CHEMICAL INDUSTRIES returns to help us make a trade decision. For example, suppose you find that CHEMICAL INDUSTRIES 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 |
CHEMICAL INDUSTRIES 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 CHEMICAL INDUSTRIES stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHEMICAL INDUSTRIES stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHEMICAL INDUSTRIES stock over time.
Current vs Lagged Prices |
| Timeline |
CHEMICAL INDUSTRIES Lagged Returns
When evaluating CHEMICAL INDUSTRIES's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHEMICAL INDUSTRIES stock have on its future price. CHEMICAL INDUSTRIES 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, CHEMICAL INDUSTRIES autocorrelation shows the relationship between CHEMICAL INDUSTRIES stock current value and its past values and can show if there is a momentum factor associated with investing in CHEMICAL INDUSTRIES.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in CHEMICAL Stock
CHEMICAL INDUSTRIES financial ratios help investors to determine whether CHEMICAL 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 CHEMICAL with respect to the benefits of owning CHEMICAL INDUSTRIES security.