China Longyuan Power Stock Market Value
| CLPXY Stock | USD 7.19 0.07 0.96% |
| Symbol | China |
China Longyuan '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 China Longyuan'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 China Longyuan.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in China Longyuan on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding China Longyuan Power or generate 0.0% return on investment in China Longyuan over 720 days. China Longyuan is related to or competes with Brenmiller Energy. China Longyuan Power Group Corporation Limited generates and sells wind and coal power in the Peoples Republic of China More
China Longyuan 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 China Longyuan'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 China Longyuan Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0239 | |||
| Maximum Drawdown | 11.35 | |||
| Value At Risk | (4.16) | |||
| Potential Upside | 4.49 |
China Longyuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Longyuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Longyuan's standard deviation. In reality, there are many statistical measures that can use China Longyuan historical prices to predict the future China Longyuan's volatility.| Risk Adjusted Performance | 0.0368 | |||
| Jensen Alpha | 0.096 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0277 | |||
| Treynor Ratio | 0.2714 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Longyuan'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.
China Longyuan Power Backtested Returns
China Longyuan appears to be slightly risky, given 3 months investment horizon. China Longyuan Power secures Sharpe Ratio (or Efficiency) of 0.0983, which signifies that the company had a 0.0983% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Longyuan Power, which you can use to evaluate the volatility of the firm. Please makes use of China Longyuan's Risk Adjusted Performance of 0.0368, downside deviation of 2.4, and Mean Deviation of 2.22 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Longyuan holds a performance score of 7. The firm shows a Beta (market volatility) of 0.44, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Longyuan's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Longyuan is expected to be smaller as well. Please check China Longyuan's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether China Longyuan's price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
China Longyuan Power has good predictability. Overlapping area represents the amount of predictability between China Longyuan time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 China Longyuan Power price movement. The serial correlation of 0.79 indicates that around 79.0% of current China Longyuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 2.26 |
China Longyuan Power lagged returns against current returns
Autocorrelation, which is China Longyuan 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 China Longyuan's pink sheet expected returns. We can calculate the autocorrelation of China Longyuan returns to help us make a trade decision. For example, suppose you find that China Longyuan 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 |
China Longyuan 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 China Longyuan pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Longyuan pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Longyuan pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Longyuan Lagged Returns
When evaluating China Longyuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Longyuan pink sheet have on its future price. China Longyuan 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, China Longyuan autocorrelation shows the relationship between China Longyuan pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Longyuan Power.
Regressed Prices |
| Timeline |
Pair Trading with China Longyuan
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 China Longyuan 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 China Longyuan will appreciate offsetting losses from the drop in the long position's value.Moving together with China Pink Sheet
| 0.79 | CEG | Constellation Energy Corp Financial Report 2nd of May 2024 | PairCorr |
Moving against China Pink Sheet
| 0.69 | CEZYY | CEZ a s | PairCorr |
| 0.65 | OEZVF | VERBUND AG | PairCorr |
| 0.58 | EDRVF | EDP Renovaveis | PairCorr |
| 0.49 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.48 | DNNGY | Orsted AS ADR | PairCorr |
The ability to find closely correlated positions to China Longyuan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Longyuan 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 China Longyuan - 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 China Longyuan Power to buy it.
The correlation of China Longyuan 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 China Longyuan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Longyuan Power 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 China Longyuan 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 China Longyuan Correlation, China Longyuan Volatility and China Longyuan Alpha and Beta module to complement your research on China Longyuan. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for China Pink Sheet analysis
When running China Longyuan's price analysis, check to measure China Longyuan'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 China Longyuan is operating at the current time. Most of China Longyuan's value examination focuses on studying past and present price action to predict the probability of China Longyuan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Longyuan's price. Additionally, you may evaluate how the addition of China Longyuan to your portfolios can decrease your overall portfolio volatility.
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China Longyuan 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.