Cspc Pharmaceutical Group Stock Market Value
| CHJTF Stock | USD 0.75 0.00 0.00% |
| Symbol | CSPC |
CSPC Pharmaceutical '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 CSPC Pharmaceutical'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 CSPC Pharmaceutical.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in CSPC Pharmaceutical on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding CSPC Pharmaceutical Group or generate 0.0% return on investment in CSPC Pharmaceutical over 90 days. CSPC Pharmaceutical is related to or competes with Santen Pharmaceutical, Grifols SA, Pfizer, Sanofi ADR, Organon, GlaxoSmithKline PLC, and AstraZeneca PLC. CSPC Pharmaceutical Group Limited, an investment holding company, engages in the research and development, manufacture, ... More
CSPC Pharmaceutical 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 CSPC Pharmaceutical'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 CSPC Pharmaceutical Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.66 |
CSPC Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CSPC Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CSPC Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use CSPC Pharmaceutical historical prices to predict the future CSPC Pharmaceutical's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 5.38 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of CSPC Pharmaceutical'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.
CSPC Pharmaceutical Backtested Returns
CSPC Pharmaceutical secures Sharpe Ratio (or Efficiency) of -0.1, which signifies that the company had a -0.1% return per unit of risk over the last 3 months. CSPC Pharmaceutical Group exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CSPC Pharmaceutical's risk adjusted performance of (0.06), and Mean Deviation of 0.2216 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0192, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CSPC Pharmaceutical are expected to decrease at a much lower rate. During the bear market, CSPC Pharmaceutical is likely to outperform the market. CSPC Pharmaceutical has an expected return of -0.0993%. Please make sure to confirm CSPC Pharmaceutical variance, skewness, as well as the relationship between the Skewness and day typical price , to decide if CSPC Pharmaceutical performance from the past will be repeated at future time.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
CSPC Pharmaceutical Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CSPC Pharmaceutical time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 CSPC Pharmaceutical price movement. The serial correlation of -0.75 indicates that around 75.0% of current CSPC Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CSPC Pharmaceutical lagged returns against current returns
Autocorrelation, which is CSPC Pharmaceutical 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 CSPC Pharmaceutical's pink sheet expected returns. We can calculate the autocorrelation of CSPC Pharmaceutical returns to help us make a trade decision. For example, suppose you find that CSPC Pharmaceutical 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 |
CSPC Pharmaceutical 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 CSPC Pharmaceutical pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CSPC Pharmaceutical pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CSPC Pharmaceutical pink sheet over time.
Current vs Lagged Prices |
| Timeline |
CSPC Pharmaceutical Lagged Returns
When evaluating CSPC Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CSPC Pharmaceutical pink sheet have on its future price. CSPC Pharmaceutical 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, CSPC Pharmaceutical autocorrelation shows the relationship between CSPC Pharmaceutical pink sheet current value and its past values and can show if there is a momentum factor associated with investing in CSPC Pharmaceutical Group.
Regressed Prices |
| 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 CSPC Pharmaceutical 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, CSPC Pharmaceutical's short interest history, or implied volatility extrapolated from CSPC Pharmaceutical options trading.
Pair Trading with CSPC Pharmaceutical
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CSPC Pharmaceutical position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CSPC Pharmaceutical will appreciate offsetting losses from the drop in the long position's value.Moving together with CSPC Pink Sheet
| 0.81 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
Moving against CSPC Pink Sheet
| 0.58 | EC | Ecopetrol SA ADR Financial Report 8th of May 2024 | PairCorr |
| 0.55 | GERN | Geron Financial Report 9th of May 2024 | PairCorr |
| 0.55 | CPNG | Coupang LLC Financial Report 14th of May 2024 | PairCorr |
| 0.52 | AZN | AstraZeneca PLC ADR Earnings Call Today | PairCorr |
| 0.51 | AZNCF | AstraZeneca PLC Earnings Call Today | PairCorr |
The ability to find closely correlated positions to CSPC Pharmaceutical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CSPC Pharmaceutical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CSPC Pharmaceutical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CSPC Pharmaceutical Group to buy it.
The correlation of CSPC Pharmaceutical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CSPC Pharmaceutical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CSPC Pharmaceutical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CSPC Pharmaceutical can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out CSPC Pharmaceutical Correlation, CSPC Pharmaceutical Volatility and CSPC Pharmaceutical Alpha and Beta module to complement your research on CSPC Pharmaceutical. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for CSPC Pink Sheet analysis
When running CSPC Pharmaceutical's price analysis, check to measure CSPC Pharmaceutical'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 CSPC Pharmaceutical is operating at the current time. Most of CSPC Pharmaceutical's value examination focuses on studying past and present price action to predict the probability of CSPC Pharmaceutical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CSPC Pharmaceutical's price. Additionally, you may evaluate how the addition of CSPC Pharmaceutical to your portfolios can decrease your overall portfolio volatility.
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CSPC Pharmaceutical technical pink sheet 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, pink sheet market cycles, or different charting patterns.