China Sports (China) Market Value
| 600158 Stock | 7.94 0.19 2.34% |
| Symbol | China |
China Sports '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 Sports' 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 Sports.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in China Sports on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding China Sports Industry or generate 0.0% return on investment in China Sports over 30 days. China Sports is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. China Sports is entity of China. It is traded as Stock on SHG exchange. More
China Sports 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 Sports' 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 Sports Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.051 | |||
| Maximum Drawdown | 15.65 | |||
| Value At Risk | (3.57) | |||
| Potential Upside | 3.92 |
China Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Sports' standard deviation. In reality, there are many statistical measures that can use China Sports historical prices to predict the future China Sports' volatility.| Risk Adjusted Performance | 0.0811 | |||
| Jensen Alpha | 0.2278 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0478 | |||
| Treynor Ratio | (2.71) |
China Sports Industry Backtested Returns
China Sports appears to be somewhat reliable, given 3 months investment horizon. China Sports Industry 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 Sports Industry, which you can use to evaluate the volatility of the firm. Please makes use of China Sports' Risk Adjusted Performance of 0.0811, downside deviation of 2.52, and Mean Deviation of 1.7 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Sports holds a performance score of 9. The firm shows a Beta (market volatility) of -0.0811, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Sports are expected to decrease at a much lower rate. During the bear market, China Sports is likely to outperform the market. Please check China Sports' 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 Sports' price patterns will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
China Sports Industry has very good reverse predictability. Overlapping area represents the amount of predictability between China Sports time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Sports Industry price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current China Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
China Sports Industry lagged returns against current returns
Autocorrelation, which is China Sports 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 Sports' stock expected returns. We can calculate the autocorrelation of China Sports returns to help us make a trade decision. For example, suppose you find that China Sports 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 Sports 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 Sports stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Sports stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Sports stock over time.
Current vs Lagged Prices |
| Timeline |
China Sports Lagged Returns
When evaluating China Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Sports stock have on its future price. China Sports 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 Sports autocorrelation shows the relationship between China Sports stock current value and its past values and can show if there is a momentum factor associated with investing in China Sports Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Sports 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 Sports security.