China National (China) Market Value
| 600536 Stock | 54.10 1.34 2.42% |
| Symbol | China |
China National '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 National'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 National.
| 09/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in China National on September 24, 2024 and sell it all today you would earn a total of 0.00 from holding China National Software or generate 0.0% return on investment in China National over 60 days. China National is related to or competes with Agricultural Bank, Industrial, Bank of China, PetroChina, China Petroleum, Postal Savings, and China Telecom. China National is entity of China. It is traded as Stock on SHG exchange. More
China National 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 National'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 National Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.73 | |||
| Information Ratio | 0.2204 | |||
| Maximum Drawdown | 18.19 | |||
| Value At Risk | (6.92) | |||
| Potential Upside | 10.0 |
China National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China National's standard deviation. In reality, there are many statistical measures that can use China National historical prices to predict the future China National's volatility.| Risk Adjusted Performance | 0.2009 | |||
| Jensen Alpha | 0.8996 | |||
| Total Risk Alpha | 0.3878 | |||
| Sortino Ratio | 0.251 | |||
| Treynor Ratio | 0.816 |
China National Software Backtested Returns
China National is very steady given 3 months investment horizon. China National Software secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use China National Risk Adjusted Performance of 0.2009, downside deviation of 3.73, and Mean Deviation of 3.28 to evaluate company specific risk that cannot be diversified away. China National holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 1.29, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, China National will likely underperform. Use China National downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on China National.
Auto-correlation | 0.37 |
Below average predictability
China National Software has below average predictability. Overlapping area represents the amount of predictability between China National time series from 24th of September 2024 to 24th of October 2024 and 24th of October 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 National Software price movement. The serial correlation of 0.37 indicates that just about 37.0% of current China National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 90.39 |
China National Software lagged returns against current returns
Autocorrelation, which is China National 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 National's stock expected returns. We can calculate the autocorrelation of China National returns to help us make a trade decision. For example, suppose you find that China National 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 National 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 National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China National stock over time.
Current vs Lagged Prices |
| Timeline |
China National Lagged Returns
When evaluating China National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China National stock have on its future price. China National 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 National autocorrelation shows the relationship between China National stock current value and its past values and can show if there is a momentum factor associated with investing in China National Software.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China National 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 National security.