China Resources (China) Market Value
| 300294 Stock | 30.96 0.07 0.23% |
| Symbol | China |
China Resources '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 Resources' 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 Resources.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in China Resources on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding China Resources Boya or generate 0.0% return on investment in China Resources over 300 days. China Resources is related to or competes with Hainan Haiqi, Metro Investment, Sichuan Fulin, Jiangsu Jinling, Jointo Energy, Heilongjiang Transport, and Anhui Transport. China Resources is entity of China. It is traded as Stock on SHE exchange. More
China Resources 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 Resources' 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 Resources Boya upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 22.62 | |||
| Value At Risk | (3.68) | |||
| Potential Upside | 3.7 |
China Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Resources' standard deviation. In reality, there are many statistical measures that can use China Resources historical prices to predict the future China Resources' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | 0.1884 |
China Resources Boya Backtested Returns
China Resources Boya secures Sharpe Ratio (or Efficiency) of -0.0144, which signifies that the company had a -0.0144% return per unit of risk over the last 3 months. China Resources Boya exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Resources' Standard Deviation of 3.06, mean deviation of 2.07, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Resources are expected to decrease at a much lower rate. During the bear market, China Resources is likely to outperform the market. At this point, China Resources Boya has a negative expected return of -0.0457%. Please make sure to confirm China Resources' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if China Resources Boya performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
China Resources Boya has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Resources time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Resources Boya price movement. The serial correlation of -0.18 indicates that over 18.0% of current China Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.39 |
China Resources Boya lagged returns against current returns
Autocorrelation, which is China Resources 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 Resources' stock expected returns. We can calculate the autocorrelation of China Resources returns to help us make a trade decision. For example, suppose you find that China Resources 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 Resources 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 Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Resources stock over time.
Current vs Lagged Prices |
| Timeline |
China Resources Lagged Returns
When evaluating China Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Resources stock have on its future price. China Resources 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 Resources autocorrelation shows the relationship between China Resources stock current value and its past values and can show if there is a momentum factor associated with investing in China Resources Boya.
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 Resources 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 Resources security.