Central China (China) Market Value
| 000719 Stock | 10.94 0.22 1.97% |
| Symbol | Central |
Central China '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 Central China'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 Central China.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Central China on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Central China Land or generate 0.0% return on investment in Central China over 30 days. Central China is related to or competes with China State, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Central China is entity of China. It is traded as Stock on SHE exchange. More
Central China 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 Central China'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 Central China Land upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 16.97 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 3.75 |
Central China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Central China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Central China's standard deviation. In reality, there are many statistical measures that can use Central China historical prices to predict the future Central China's volatility.| Risk Adjusted Performance | 0.0461 | |||
| Jensen Alpha | 0.1698 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.27) |
Central China Land Backtested Returns
At this point, Central China is somewhat reliable. Central China Land secures Sharpe Ratio (or Efficiency) of 0.0403, which signifies that the company had a 0.0403% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Central China Land, which you can use to evaluate the volatility of the firm. Please confirm Central China's Risk Adjusted Performance of 0.0461, mean deviation of 1.76, and Downside Deviation of 2.57 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Central China has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Central China are expected to decrease at a much lower rate. During the bear market, Central China is likely to outperform the market. Central China Land right now shows a risk of 2.65%. Please confirm Central China Land semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Central China Land will be following its price patterns.
Auto-correlation | 0.09 |
Virtually no predictability
Central China Land has virtually no predictability. Overlapping area represents the amount of predictability between Central China time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Central China Land price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Central China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Central China Land lagged returns against current returns
Autocorrelation, which is Central China 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 Central China's stock expected returns. We can calculate the autocorrelation of Central China returns to help us make a trade decision. For example, suppose you find that Central China 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 |
Central China 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 Central China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Central China stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Central China stock over time.
Current vs Lagged Prices |
| Timeline |
Central China Lagged Returns
When evaluating Central China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Central China stock have on its future price. Central China 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, Central China autocorrelation shows the relationship between Central China stock current value and its past values and can show if there is a momentum factor associated with investing in Central China Land.
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.Other Information on Investing in Central Stock
Central China financial ratios help investors to determine whether Central 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 Central with respect to the benefits of owning Central China security.