CNPC Capital's market value is the price at which a share of CNPC Capital trades on a public exchange. It measures the collective expectations of CNPC Capital Co investors about its performance. CNPC Capital is trading at 6.36 as of the 13th of January 2025, a 2.6 percent decrease since the beginning of the trading day. The stock's open price was 6.53. With this module, you can estimate the performance of a buy and hold strategy of CNPC Capital Co and determine expected loss or profit from investing in CNPC Capital over a given investment horizon. Check out CNPC Capital Correlation, CNPC Capital Volatility and CNPC Capital Alpha and Beta module to complement your research on CNPC Capital.
Please note, there is a significant difference between CNPC Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if CNPC Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CNPC Capital'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.
CNPC Capital '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 CNPC Capital'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 CNPC Capital.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CNPC Capital'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 CNPC Capital Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNPC Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CNPC Capital's standard deviation. In reality, there are many statistical measures that can use CNPC Capital historical prices to predict the future CNPC Capital's volatility.
CNPC Capital secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. CNPC Capital Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CNPC Capital's risk adjusted performance of (0.1), and Mean Deviation of 2.09 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0516, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CNPC Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding CNPC Capital is expected to be smaller as well. At this point, CNPC Capital has a negative expected return of -0.4%. Please make sure to confirm CNPC Capital's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if CNPC Capital performance from the past will be repeated at future time.
Auto-correlation
-0.54
Good reverse predictability
CNPC Capital Co has good reverse predictability. Overlapping area represents the amount of predictability between CNPC Capital time series from 24th of January 2023 to 19th of January 2024 and 19th of January 2024 to 13th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of CNPC Capital price movement. The serial correlation of -0.54 indicates that about 54.0% of current CNPC Capital price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.54
Spearman Rank Test
-0.09
Residual Average
0.0
Price Variance
1.16
CNPC Capital lagged returns against current returns
Autocorrelation, which is CNPC Capital 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 CNPC Capital's stock expected returns. We can calculate the autocorrelation of CNPC Capital returns to help us make a trade decision. For example, suppose you find that CNPC Capital 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
CNPC Capital 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 CNPC Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CNPC Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CNPC Capital stock over time.
Current vs Lagged Prices
Timeline
CNPC Capital Lagged Returns
When evaluating CNPC Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CNPC Capital stock have on its future price. CNPC Capital 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, CNPC Capital autocorrelation shows the relationship between CNPC Capital stock current value and its past values and can show if there is a momentum factor associated with investing in CNPC Capital Co.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
CNPC Capital financial ratios help investors to determine whether CNPC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CNPC with respect to the benefits of owning CNPC Capital security.