Eastern Air (China) Market Value
| 601156 Stock | 15.84 0.49 3.00% |
| Symbol | Eastern |
Eastern Air '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 Eastern Air'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 Eastern Air.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Eastern Air on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Air Logistics or generate 0.0% return on investment in Eastern Air over 30 days. Eastern Air is related to or competes with Aofu Environmental, Lingyuan Iron, Changjiang Jinggong, Renxin New, Fuda Alloy, Fushun Special, and Beijing SPC. Eastern Air is entity of China. It is traded as Stock on SHG exchange. More
Eastern Air 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 Eastern Air'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 Eastern Air Logistics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.0164 | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (4.27) | |||
| Potential Upside | 5.2 |
Eastern Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Air's standard deviation. In reality, there are many statistical measures that can use Eastern Air historical prices to predict the future Eastern Air's volatility.| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | 0.1781 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0188 | |||
| Treynor Ratio | (0.42) |
Eastern Air Logistics Backtested Returns
At this point, Eastern Air is not too volatile. Eastern Air Logistics secures Sharpe Ratio (or Efficiency) of 0.0575, which denotes the company had a 0.0575% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Eastern Air Logistics, which you can use to evaluate the volatility of the firm. Please confirm Eastern Air's Downside Deviation of 2.38, mean deviation of 2.17, and Coefficient Of Variation of 1773.87 to check if the risk estimate we provide is consistent with the expected return of 0.16%. Eastern Air has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eastern Air are expected to decrease at a much lower rate. During the bear market, Eastern Air is likely to outperform the market. Eastern Air Logistics right now shows a risk of 2.85%. Please confirm Eastern Air Logistics total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Eastern Air Logistics will be following its price patterns.
Auto-correlation | -0.87 |
Excellent reverse predictability
Eastern Air Logistics has excellent reverse predictability. Overlapping area represents the amount of predictability between Eastern Air time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Eastern Air Logistics price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Eastern Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Eastern Air Logistics lagged returns against current returns
Autocorrelation, which is Eastern Air 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 Eastern Air's stock expected returns. We can calculate the autocorrelation of Eastern Air returns to help us make a trade decision. For example, suppose you find that Eastern Air 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 |
Eastern Air 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 Eastern Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Air stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Air Lagged Returns
When evaluating Eastern Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Air stock have on its future price. Eastern Air 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, Eastern Air autocorrelation shows the relationship between Eastern Air stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Air Logistics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eastern Stock
Eastern Air financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Air security.