China Construction (Taiwan) Market Value
| 00939 Stock | 14.46 0.05 0.35% |
| Symbol | China |
China Construction '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 Construction'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 China Construction.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in China Construction on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding China Construction Bank or generate 0.0% return on investment in China Construction over 30 days.
China Construction 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 Construction'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 China Construction Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (0.88) | |||
| Potential Upside | 0.6906 |
China Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Construction's standard deviation. In reality, there are many statistical measures that can use China Construction historical prices to predict the future China Construction's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.16) |
China Construction Bank Backtested Returns
China Construction Bank secures Sharpe Ratio (or Efficiency) of -0.0286, which signifies that the company had a -0.0286% return per unit of risk over the last 3 months. China Construction Bank exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Construction's Risk Adjusted Performance of (0.02), standard deviation of 0.6033, and Mean Deviation of 0.4337 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Construction's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Construction is expected to be smaller as well. At this point, China Construction Bank has a negative expected return of -0.0175%. Please make sure to confirm China Construction's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if China Construction Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.02 |
Very weak reverse predictability
China Construction Bank has very weak reverse predictability. Overlapping area represents the amount of predictability between China Construction time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 China Construction Bank price movement. The serial correlation of -0.02 indicates that only 2.0% of current China Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Construction Bank lagged returns against current returns
Autocorrelation, which is China Construction 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 Construction's stock expected returns. We can calculate the autocorrelation of China Construction returns to help us make a trade decision. For example, suppose you find that China Construction 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 Construction 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 Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Construction stock over time.
Current vs Lagged Prices |
| Timeline |
China Construction Lagged Returns
When evaluating China Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Construction stock have on its future price. China Construction 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 Construction autocorrelation shows the relationship between China Construction stock current value and its past values and can show if there is a momentum factor associated with investing in China Construction Bank.
Regressed Prices |
| Timeline |
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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.Additional Tools for China Stock Analysis
When running China Construction's price analysis, check to measure China Construction'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 Construction is operating at the current time. Most of China Construction's value examination focuses on studying past and present price action to predict the probability of China Construction'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 Construction's price. Additionally, you may evaluate how the addition of China Construction to your portfolios can decrease your overall portfolio volatility.