China Energy (Germany) Market Value
| 2E5 Stock | EUR 0.12 0.00 0.00% |
| Symbol | China |
China Energy '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 Energy'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 Energy.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in China Energy on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding China Energy Engineering or generate 0.0% return on investment in China Energy over 90 days. China Energy is related to or competes with China Railway, AECOM, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. China Energy Engineering Corporation Limited provides solutions to the power industry in the Peoples Republic of China a... More
China Energy 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 Energy'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 Energy Engineering upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.79 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 24.36 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 9.09 |
China Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Energy's standard deviation. In reality, there are many statistical measures that can use China Energy historical prices to predict the future China Energy's volatility.| Risk Adjusted Performance | 0.1059 | |||
| Jensen Alpha | 0.4338 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0778 | |||
| Treynor Ratio | 1.01 |
China Energy Engineering Backtested Returns
China Energy appears to be out of control, given 3 months investment horizon. China Energy Engineering 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. By analyzing China Energy's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please makes use of China Energy's Downside Deviation of 4.79, mean deviation of 2.2, and Risk Adjusted Performance of 0.1059 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Energy holds a performance score of 10. The firm shows a Beta (market volatility) of 0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Energy is expected to be smaller as well. Please check China Energy's downside deviation, information ratio, and the relationship between the semi deviation and variance , to make a quick decision on whether China Energy's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
China Energy Engineering has good reverse predictability. Overlapping area represents the amount of predictability between China Energy time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 China Energy Engineering price movement. The serial correlation of -0.51 indicates that about 51.0% of current China Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Energy Engineering lagged returns against current returns
Autocorrelation, which is China Energy 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 Energy's stock expected returns. We can calculate the autocorrelation of China Energy returns to help us make a trade decision. For example, suppose you find that China Energy 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 Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Energy stock over time.
Current vs Lagged Prices |
| Timeline |
China Energy Lagged Returns
When evaluating China Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Energy stock have on its future price. China Energy 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 Energy autocorrelation shows the relationship between China Energy stock current value and its past values and can show if there is a momentum factor associated with investing in China Energy Engineering.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Energy 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 Energy security.