Cheche Group Class Stock Market Value
| CCG Stock | 0.90 0.01 1.10% |
| Symbol | Cheche |
Cheche Group Class Price To Book Ratio
Is Insurance Brokers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cheche Group. If investors know Cheche will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cheche Group listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.43) | Revenue Per Share 49.558 | Quarterly Revenue Growth 0.025 | Return On Assets (0.11) | Return On Equity (0.46) |
The market value of Cheche Group Class is measured differently than its book value, which is the value of Cheche that is recorded on the company's balance sheet. Investors also form their own opinion of Cheche Group's value that differs from its market value or its book value, called intrinsic value, which is Cheche Group's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cheche Group's market value can be influenced by many factors that don't directly affect Cheche Group's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cheche Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cheche Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cheche Group'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.
Cheche Group '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 Cheche Group'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 Cheche Group.
| 10/12/2024 |
| 11/11/2024 |
If you would invest 0.00 in Cheche Group on October 12, 2024 and sell it all today you would earn a total of 0.00 from holding Cheche Group Class or generate 0.0% return on investment in Cheche Group over 30 days. Cheche Group is related to or competes with Zillow Group, Kanzhun, Weibo Corp, YY, Zhihu, Phoenix New, and Trump Media. Campus Crest Communities, Inc., a real estate investment trust , engages in the ownership, development, building, and management of student housing properties under the Grove brand name in the United States. More
Cheche Group 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 Cheche Group'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 Cheche Group Class upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.71 | |||
| Information Ratio | 0.0378 | |||
| Maximum Drawdown | 36.78 | |||
| Value At Risk | (13.59) | |||
| Potential Upside | 12.5 |
Cheche Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cheche Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cheche Group's standard deviation. In reality, there are many statistical measures that can use Cheche Group historical prices to predict the future Cheche Group's volatility.| Risk Adjusted Performance | 0.0548 | |||
| Jensen Alpha | 0.3003 | |||
| Total Risk Alpha | (1.11) | |||
| Sortino Ratio | 0.0365 | |||
| Treynor Ratio | 0.4991 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cheche Group'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.
Cheche Group Class Backtested Returns
Cheche Group appears to be abnormally volatile, given 3 months investment horizon. Cheche Group Class secures Sharpe Ratio (or Efficiency) of 0.0613, which signifies that the company had a 0.0613% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Cheche Group Class, which you can use to evaluate the volatility of the firm. Please makes use of Cheche Group's risk adjusted performance of 0.0548, and Mean Deviation of 5.21 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cheche Group holds a performance score of 4. The firm shows a Beta (market volatility) of 0.88, which signifies possible diversification benefits within a given portfolio. Cheche Group returns are very sensitive to returns on the market. As the market goes up or down, Cheche Group is expected to follow. Please check Cheche Group's treynor ratio, expected short fall, and the relationship between the jensen alpha and potential upside , to make a quick decision on whether Cheche Group's price patterns will revert.
Auto-correlation | -0.09 |
Very weak reverse predictability
Cheche Group Class has very weak reverse predictability. Overlapping area represents the amount of predictability between Cheche Group time series from 12th of October 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Cheche Group Class price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Cheche Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Cheche Group Class lagged returns against current returns
Autocorrelation, which is Cheche Group 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 Cheche Group's stock expected returns. We can calculate the autocorrelation of Cheche Group returns to help us make a trade decision. For example, suppose you find that Cheche Group 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 |
Cheche Group 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 Cheche Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cheche Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cheche Group stock over time.
Current vs Lagged Prices |
| Timeline |
Cheche Group Lagged Returns
When evaluating Cheche Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cheche Group stock have on its future price. Cheche Group 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, Cheche Group autocorrelation shows the relationship between Cheche Group stock current value and its past values and can show if there is a momentum factor associated with investing in Cheche Group Class.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Cheche Group Class is a strong investment it is important to analyze Cheche Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cheche Group's future performance. For an informed investment choice regarding Cheche Stock, refer to the following important reports:Check out Cheche Group Correlation, Cheche Group Volatility and Cheche Group Alpha and Beta module to complement your research on Cheche Group. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Cheche Group 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.