China World (China) Market Value
| 600007 Stock | 22.35 0.07 0.31% |
| Symbol | China |
China World '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 World'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 World.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in China World on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding China World Trade or generate 0.0% return on investment in China World over 90 days. China World is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. China World is entity of China. It is traded as Stock on SHG exchange. More
China World 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 World'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 World Trade upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.46 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.81 | |||
| Value At Risk | (2.72) | |||
| Potential Upside | 3.14 |
China World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China World's standard deviation. In reality, there are many statistical measures that can use China World historical prices to predict the future China World's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 0.1099 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.16) |
China World Trade Backtested Returns
At this point, China World is not too volatile. China World Trade secures Sharpe Ratio (or Efficiency) of 0.0522, which signifies that the company had a 0.0522% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China World Trade, which you can use to evaluate the volatility of the firm. Please confirm China World's Mean Deviation of 1.44, risk adjusted performance of 0.0331, and Downside Deviation of 2.46 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. China World has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China World are expected to decrease at a much lower rate. During the bear market, China World is likely to outperform the market. China World Trade right now shows a risk of 2.2%. Please confirm China World Trade downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if China World Trade will be following its price patterns.
Auto-correlation | -0.62 |
Very good reverse predictability
China World Trade has very good reverse predictability. Overlapping area represents the amount of predictability between China World 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 World Trade price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current China World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
China World Trade lagged returns against current returns
Autocorrelation, which is China World 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 World's stock expected returns. We can calculate the autocorrelation of China World returns to help us make a trade decision. For example, suppose you find that China World 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 World 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 World stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China World stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China World stock over time.
Current vs Lagged Prices |
| Timeline |
China World Lagged Returns
When evaluating China World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China World stock have on its future price. China World 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 World autocorrelation shows the relationship between China World stock current value and its past values and can show if there is a momentum factor associated with investing in China World Trade.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China World 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 World security.