China Merchants (China) Market Value
| 001979 Stock | 9.78 0.18 1.81% |
| Symbol | China |
China Merchants '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 Merchants' 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 China Merchants.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in China Merchants on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding China Merchants Shekou or generate 0.0% return on investment in China Merchants over 30 days. China Merchants is related to or competes with Zijin Mining, Ping An, Fiberhome Telecommunicatio, Western Metal, Uroica Mining, Xinjiang Baodi, and Guocheng Mining. China Merchants is entity of China. It is traded as Stock on SHE exchange. More
China Merchants 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 Merchants' 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 China Merchants Shekou upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 2.98 |
China Merchants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Merchants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Merchants' standard deviation. In reality, there are many statistical measures that can use China Merchants historical prices to predict the future China Merchants' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.33) |
China Merchants Shekou Backtested Returns
China Merchants Shekou 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. China Merchants Shekou exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Merchants' Risk Adjusted Performance of (0.05), standard deviation of 2.05, and Mean Deviation of 1.61 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Merchants' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Merchants is expected to be smaller as well. At this point, China Merchants Shekou has a negative expected return of -0.26%. Please make sure to confirm China Merchants' coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if China Merchants Shekou performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
China Merchants Shekou has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Merchants time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 China Merchants Shekou price movement. The serial correlation of -0.2 indicates that over 20.0% of current China Merchants price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
China Merchants Shekou lagged returns against current returns
Autocorrelation, which is China Merchants 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 China Merchants' stock expected returns. We can calculate the autocorrelation of China Merchants returns to help us make a trade decision. For example, suppose you find that China Merchants 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 |
China Merchants 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 Merchants stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Merchants stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Merchants stock over time.
Current vs Lagged Prices |
| Timeline |
China Merchants Lagged Returns
When evaluating China Merchants' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Merchants stock have on its future price. China Merchants 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 Merchants autocorrelation shows the relationship between China Merchants stock current value and its past values and can show if there is a momentum factor associated with investing in China Merchants Shekou.
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 China Stock
China Merchants financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Merchants security.