CHONG QING (China) Market Value

000625
  

CNY 13.48  0.06  0.45%   

CHONG QING's market value is the price at which a share of CHONG QING stock trades on a public exchange. It measures the collective expectations of CHONG QING CHANGAN investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of CHONG QING CHANGAN and determine expected loss or profit from investing in CHONG QING over a given investment horizon. Please continue to CHONG QING Correlation, CHONG QING Volatility and CHONG QING Alpha and Beta module to complement your research on CHONG QING.
Symbol

Please note, there is a significant difference between CHONG QING's value and its price as these two are different measures arrived at by different means. Investors typically determine CHONG QING value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CHONG QING's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

CHONG QING '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 CHONG QING'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 CHONG QING.
0.00
10/08/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/28/2022
0.00
If you would invest  0.00  in CHONG QING on October 8, 2020 and sell it all today you would earn a total of 0.00 from holding CHONG QING CHANGAN or generate 0.0% return on investment in CHONG QING over 720 days. CHONG QING is related to or competes with CHONG QING, and BECE LEGEND. Chongqing Changan Automobile Company Limited, together with its subsidiaries, manufactures and sells automobiles, automo... More

CHONG QING 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 CHONG QING'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 CHONG QING CHANGAN upside and downside potential and time the market with a certain degree of confidence.

CHONG QING Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for CHONG QING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHONG QING's standard deviation. In reality, there are many statistical measures that can use CHONG QING historical prices to predict the future CHONG QING's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of CHONG QING's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of CHONG QING in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
10.1013.4816.86
Details
Intrinsic
Valuation
LowReal ValueHigh
7.6711.0514.43
Details
Naive
Forecast
LowNext ValueHigh
11.0914.4817.86
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.8413.5913.97
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CHONG QING. Your research has to be compared to or analyzed against CHONG QING's peers to derive any actionable benefits. When done correctly, CHONG QING's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in CHONG QING CHANGAN.

CHONG QING CHANGAN Backtested Returns

CHONG QING CHANGAN secures Sharpe Ratio (or Efficiency) of -0.15, which signifies that the company had -0.15% of return per unit of risk over the last 3 months. Macroaxis standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. CHONG QING CHANGAN exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CHONG QING CHANGAN risk adjusted performance of 0.074, and Mean Deviation of 3.42 to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.2473, which signifies not very significant fluctuations relative to the market. Let's try to break down what CHONG's beta means in this case. As returns on the market increase, CHONG QING returns are expected to increase less than the market. However, during the bear market, the loss on holding CHONG QING will be expected to be smaller as well. Even though it is essential to pay attention to CHONG QING CHANGAN historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. CHONG QING CHANGAN exposes twenty-one different technical indicators, which can help you to evaluate its performance. CHONG QING CHANGAN has an expected return of -0.52%. Please be advised to confirm CHONG QING CHANGAN downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if CHONG QING CHANGAN performance from the past will be repeated in the future.

Auto-correlation

    
  0.68  

Good predictability

CHONG QING CHANGAN has good predictability. Overlapping area represents the amount of predictability between CHONG QING time series from 8th of October 2020 to 3rd of October 2021 and 3rd of October 2021 to 28th of September 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CHONG QING CHANGAN price movement. The serial correlation of 0.68 indicates that around 68.0% of current CHONG QING price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.28
Residual Average0.0
Price Variance10.28

CHONG QING CHANGAN lagged returns against current returns

Autocorrelation, which is CHONG QING 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 CHONG QING's stock expected returns. We can calculate the autocorrelation of CHONG QING returns to help us make a trade decision. For example, suppose you find that CHONG QING stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

CHONG QING 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 CHONG QING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHONG QING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHONG QING stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

CHONG QING Lagged Returns

When evaluating CHONG QING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHONG QING stock have on its future price. CHONG QING 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, CHONG QING autocorrelation shows the relationship between CHONG QING stock current value and its past values and can show if there is a momentum factor associated with investing in CHONG QING CHANGAN.
   Regressed Prices   
Share
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CHONG QING in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CHONG QING's short interest history, or implied volatility extrapolated from CHONG QING options trading.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Please continue to CHONG QING Correlation, CHONG QING Volatility and CHONG QING Alpha and Beta module to complement your research on CHONG QING. Note that the CHONG QING CHANGAN information on this page should be used as a complementary analysis to other CHONG QING's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

Other Tools for CHONG Stock

When running CHONG QING CHANGAN price analysis, check to measure CHONG QING'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 CHONG QING is operating at the current time. Most of CHONG QING's value examination focuses on studying past and present price action to predict the probability of CHONG QING's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move CHONG QING's price. Additionally, you may evaluate how the addition of CHONG QING to your portfolios can decrease your overall portfolio volatility.
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