China Eastern (China) Market Value
| 600115 Stock | 4.08 0.04 0.97% |
| Symbol | China |
China Eastern '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 Eastern'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 Eastern.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in China Eastern on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding China Eastern Airlines or generate 0.0% return on investment in China Eastern over 30 days. China Eastern is related to or competes with Weihai Honglin, Penyao Environmental, Sinosteel Engineering, Beijing SPC, Gansu Jiu, Ningbo Kangqiang, and Fujian Nanwang. China Eastern is entity of China. It is traded as Stock on SHG exchange. More
China Eastern 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 Eastern'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 Eastern Airlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0106 | |||
| Maximum Drawdown | 12.25 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 3.75 |
China Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Eastern's standard deviation. In reality, there are many statistical measures that can use China Eastern historical prices to predict the future China Eastern's volatility.| Risk Adjusted Performance | 0.0699 | |||
| Jensen Alpha | 0.1491 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0102 | |||
| Treynor Ratio | (11.80) |
China Eastern Airlines Backtested Returns
At this point, China Eastern is slightly risky. China Eastern Airlines secures Sharpe Ratio (or Efficiency) of 0.0852, which signifies that the company had a 0.0852% return per unit of risk over the last 3 months. We have found thirty technical indicators for China Eastern Airlines, which you can use to evaluate the volatility of the firm. Please confirm China Eastern's Risk Adjusted Performance of 0.0699, mean deviation of 1.3, and Downside Deviation of 1.94 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. China Eastern has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0125, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Eastern are expected to decrease at a much lower rate. During the bear market, China Eastern is likely to outperform the market. China Eastern Airlines right now shows a risk of 1.95%. Please confirm China Eastern Airlines downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if China Eastern Airlines will be following its price patterns.
Auto-correlation | 0.22 |
Weak predictability
China Eastern Airlines has weak predictability. Overlapping area represents the amount of predictability between China Eastern time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Eastern Airlines price movement. The serial correlation of 0.22 indicates that over 22.0% of current China Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Eastern Airlines lagged returns against current returns
Autocorrelation, which is China Eastern 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 Eastern's stock expected returns. We can calculate the autocorrelation of China Eastern returns to help us make a trade decision. For example, suppose you find that China Eastern 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 Eastern 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 Eastern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Eastern stock over time.
Current vs Lagged Prices |
| Timeline |
China Eastern Lagged Returns
When evaluating China Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Eastern stock have on its future price. China Eastern 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 Eastern autocorrelation shows the relationship between China Eastern stock current value and its past values and can show if there is a momentum factor associated with investing in China Eastern Airlines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Eastern 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 Eastern security.