CCB Principal's market value is the price at which a share of CCB Principal trades on a public exchange. It measures the collective expectations of CCB Principal MSCI investors about its performance. CCB Principal is trading at 1.39 as of the 25th of November 2024, a 2.8 percent decrease since the beginning of the trading day. The etf's open price was 1.43. With this module, you can estimate the performance of a buy and hold strategy of CCB Principal MSCI and determine expected loss or profit from investing in CCB Principal over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
CCB
CCB Principal '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 CCB Principal's etf 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 CCB Principal.
0.00
12/06/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/25/2024
0.00
If you would invest 0.00 in CCB Principal on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding CCB Principal MSCI or generate 0.0% return on investment in CCB Principal over 720 days.
CCB Principal 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 CCB Principal's etf 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 CCB Principal MSCI upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CCB Principal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CCB Principal's standard deviation. In reality, there are many statistical measures that can use CCB Principal historical prices to predict the future CCB Principal's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CCB Principal. Your research has to be compared to or analyzed against CCB Principal's peers to derive any actionable benefits. When done correctly, CCB Principal's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CCB Principal MSCI.
CCB Principal MSCI Backtested Returns
CCB Principal appears to be very risky, given 3 months investment horizon. CCB Principal MSCI retains Efficiency (Sharpe Ratio) of 0.12, which signifies that the etf had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for CCB Principal, which you can use to evaluate the volatility of the entity. Please makes use of CCB Principal's market risk adjusted performance of (0.52), and Coefficient Of Variation of 913.93 to double-check if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of -0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CCB Principal are expected to decrease at a much lower rate. During the bear market, CCB Principal is likely to outperform the market.
Auto-correlation
-0.61
Very good reverse predictability
CCB Principal MSCI has very good reverse predictability. Overlapping area represents the amount of predictability between CCB Principal time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 CCB Principal MSCI price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current CCB Principal price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.61
Spearman Rank Test
-0.25
Residual Average
0.0
Price Variance
0.01
CCB Principal MSCI lagged returns against current returns
Autocorrelation, which is CCB Principal etf'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 CCB Principal's etf expected returns. We can calculate the autocorrelation of CCB Principal returns to help us make a trade decision. For example, suppose you find that CCB Principal has exhibited high autocorrelation historically, and you observe that the etf 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
CCB Principal 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 CCB Principal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CCB Principal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CCB Principal etf over time.
Current vs Lagged Prices
Timeline
CCB Principal Lagged Returns
When evaluating CCB Principal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CCB Principal etf have on its future price. CCB Principal 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, CCB Principal autocorrelation shows the relationship between CCB Principal etf current value and its past values and can show if there is a momentum factor associated with investing in CCB Principal MSCI.