ChampionX (Germany) Market Value
| X9P Stock | EUR 25.40 0.80 3.25% |
| Symbol | ChampionX |
ChampionX '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 ChampionX'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 ChampionX.
| 07/01/2024 |
| 12/28/2024 |
If you would invest 0.00 in ChampionX on July 1, 2024 and sell it all today you would earn a total of 0.00 from holding ChampionX or generate 0.0% return on investment in ChampionX over 180 days. ChampionX is related to or competes with Halliburton, Baker Hughes, Tenaris SA, China Oilfield, NOV, and . ChampionX Corporation provides chemistry solutions, and engineered equipment and technologies to oil and gas companies w... More
ChampionX 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 ChampionX'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 ChampionX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 12.48 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.5 |
ChampionX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ChampionX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ChampionX's standard deviation. In reality, there are many statistical measures that can use ChampionX historical prices to predict the future ChampionX's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (1.20) |
ChampionX Backtested Returns
ChampionX secures Sharpe Ratio (or Efficiency) of -0.0329, which signifies that the company had a -0.0329% return per unit of standard deviation over the last 3 months. ChampionX exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ChampionX's mean deviation of 1.49, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0995, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ChampionX's returns are expected to increase less than the market. However, during the bear market, the loss of holding ChampionX is expected to be smaller as well. At this point, ChampionX has a negative expected return of -0.0707%. Please make sure to confirm ChampionX's total risk alpha, kurtosis, and the relationship between the information ratio and potential upside , to decide if ChampionX performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
ChampionX has no correlation between past and present. Overlapping area represents the amount of predictability between ChampionX time series from 1st of July 2024 to 29th of September 2024 and 29th of September 2024 to 28th 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 ChampionX price movement. The serial correlation of 0.0 indicates that just 0.0% of current ChampionX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.94 |
ChampionX lagged returns against current returns
Autocorrelation, which is ChampionX 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 ChampionX's stock expected returns. We can calculate the autocorrelation of ChampionX returns to help us make a trade decision. For example, suppose you find that ChampionX 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 |
ChampionX 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 ChampionX stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ChampionX stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ChampionX stock over time.
Current vs Lagged Prices |
| Timeline |
ChampionX Lagged Returns
When evaluating ChampionX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ChampionX stock have on its future price. ChampionX 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, ChampionX autocorrelation shows the relationship between ChampionX stock current value and its past values and can show if there is a momentum factor associated with investing in ChampionX.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in ChampionX Stock
When determining whether ChampionX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ChampionX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Championx Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Championx Stock:Check out ChampionX Correlation, ChampionX Volatility and ChampionX Alpha and Beta module to complement your research on ChampionX. For more detail on how to invest in ChampionX Stock please use our How to Invest in ChampionX guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
ChampionX technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.