China Aluminum (China) Market Value
| 601068 Stock | 4.73 0.04 0.84% |
| Symbol | China |
China Aluminum '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 Aluminum'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 Aluminum.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in China Aluminum on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding China Aluminum International or generate 0.0% return on investment in China Aluminum over 30 days. China Aluminum is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. China Aluminum is entity of China. It is traded as Stock on SHG exchange. More
China Aluminum 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 Aluminum'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 Aluminum International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.0354 | |||
| Maximum Drawdown | 18.82 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.04 |
China Aluminum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Aluminum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Aluminum's standard deviation. In reality, there are many statistical measures that can use China Aluminum historical prices to predict the future China Aluminum's volatility.| Risk Adjusted Performance | 0.0695 | |||
| Jensen Alpha | 0.2653 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0364 | |||
| Treynor Ratio | (0.54) |
China Aluminum Inter Backtested Returns
China Aluminum appears to be moderately volatile, given 3 months investment horizon. China Aluminum Inter secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Aluminum International, which you can use to evaluate the volatility of the firm. Please makes use of China Aluminum's Downside Deviation of 2.72, risk adjusted performance of 0.0695, and Mean Deviation of 1.88 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Aluminum holds a performance score of 10. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Aluminum are expected to decrease at a much lower rate. During the bear market, China Aluminum is likely to outperform the market. Please check China Aluminum's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Aluminum's price patterns will revert.
Auto-correlation | -0.85 |
Excellent reverse predictability
China Aluminum International has excellent reverse predictability. Overlapping area represents the amount of predictability between China Aluminum time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Aluminum Inter price movement. The serial correlation of -0.85 indicates that around 85.0% of current China Aluminum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
China Aluminum Inter lagged returns against current returns
Autocorrelation, which is China Aluminum 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 Aluminum's stock expected returns. We can calculate the autocorrelation of China Aluminum returns to help us make a trade decision. For example, suppose you find that China Aluminum 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 Aluminum 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 Aluminum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Aluminum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Aluminum stock over time.
Current vs Lagged Prices |
| Timeline |
China Aluminum Lagged Returns
When evaluating China Aluminum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Aluminum stock have on its future price. China Aluminum 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 Aluminum autocorrelation shows the relationship between China Aluminum stock current value and its past values and can show if there is a momentum factor associated with investing in China Aluminum International.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Aluminum 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 Aluminum security.