China Asset (China) Market Value
| 508068 Stock | 3.16 0.01 0.32% |
| Symbol | China |
Please note, there is a significant difference between China Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Asset is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Asset's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
China Asset '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 Asset'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 Asset.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in China Asset on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding China Asset Management or generate 0.0% return on investment in China Asset over 540 days. China Asset is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, China Construction, and Bank of China. China Asset is entity of China. It is traded as Stock on SHG exchange. More
China Asset 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 Asset'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 Asset Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8789 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.77 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.93 |
China Asset Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Asset's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Asset's standard deviation. In reality, there are many statistical measures that can use China Asset historical prices to predict the future China Asset's volatility.| Risk Adjusted Performance | 0.0093 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.01) |
China Asset Management Backtested Returns
China Asset Management secures Sharpe Ratio (or Efficiency) of -0.025, which signifies that the company had a -0.025% return per unit of risk over the last 3 months. China Asset Management exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Asset's Mean Deviation of 0.6477, risk adjusted performance of 0.0093, and Downside Deviation of 0.8789 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Asset's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Asset is expected to be smaller as well. At this point, China Asset Management has a negative expected return of -0.0229%. Please make sure to confirm China Asset's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if China Asset Management performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
China Asset Management has very weak reverse predictability. Overlapping area represents the amount of predictability between China Asset time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Asset Management price movement. The serial correlation of -0.07 indicates that barely 7.0% of current China Asset price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
China Asset Management lagged returns against current returns
Autocorrelation, which is China Asset 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 Asset's stock expected returns. We can calculate the autocorrelation of China Asset returns to help us make a trade decision. For example, suppose you find that China Asset 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 Asset 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 Asset stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Asset stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Asset stock over time.
Current vs Lagged Prices |
| Timeline |
China Asset Lagged Returns
When evaluating China Asset's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Asset stock have on its future price. China Asset 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 Asset autocorrelation shows the relationship between China Asset stock current value and its past values and can show if there is a momentum factor associated with investing in China Asset Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Asset 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 Asset security.