China Minsheng (China) Market Value
| 600016 Stock | 3.95 0.02 0.51% |
| Symbol | China |
China Minsheng '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 Minsheng'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 Minsheng.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in China Minsheng on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding China Minsheng Banking or generate 0.0% return on investment in China Minsheng over 720 days. China Minsheng is related to or competes with Zhejiang Publishing, Duzhe Publishing, China Publishing, Southern PublishingMedia, Kuangda Technology, Xinhua Winshare, and Shanxi Lanhua. China Minsheng is entity of China. It is traded as Stock on SHG exchange. More
China Minsheng 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 Minsheng'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 Minsheng Banking upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.0385 | |||
| Maximum Drawdown | 12.81 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 3.39 |
China Minsheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Minsheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Minsheng's standard deviation. In reality, there are many statistical measures that can use China Minsheng historical prices to predict the future China Minsheng's volatility.| Risk Adjusted Performance | 0.0842 | |||
| Jensen Alpha | 0.2626 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.04 | |||
| Treynor Ratio | (0.38) |
China Minsheng Banking Backtested Returns
China Minsheng appears to be moderately volatile, given 3 months investment horizon. China Minsheng Banking secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Minsheng Banking, which you can use to evaluate the volatility of the firm. Please makes use of China Minsheng's Mean Deviation of 1.41, downside deviation of 1.98, and Risk Adjusted Performance of 0.0842 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Minsheng holds a performance score of 9. The firm shows a Beta (market volatility) of -0.52, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Minsheng are expected to decrease at a much lower rate. During the bear market, China Minsheng is likely to outperform the market. Please check China Minsheng's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Minsheng's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
China Minsheng Banking has good reverse predictability. Overlapping area represents the amount of predictability between China Minsheng time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Minsheng Banking price movement. The serial correlation of -0.51 indicates that about 51.0% of current China Minsheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
China Minsheng Banking lagged returns against current returns
Autocorrelation, which is China Minsheng 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 Minsheng's stock expected returns. We can calculate the autocorrelation of China Minsheng returns to help us make a trade decision. For example, suppose you find that China Minsheng 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 Minsheng 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 Minsheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Minsheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Minsheng stock over time.
Current vs Lagged Prices |
| Timeline |
China Minsheng Lagged Returns
When evaluating China Minsheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Minsheng stock have on its future price. China Minsheng 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 Minsheng autocorrelation shows the relationship between China Minsheng stock current value and its past values and can show if there is a momentum factor associated with investing in China Minsheng Banking.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Minsheng 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 Minsheng security.