China Pacific (China) Market Value
| 601601 Stock | 33.90 0.48 1.44% |
| Symbol | China |
China Pacific '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 Pacific'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 Pacific.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in China Pacific on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding China Pacific Insurance or generate 0.0% return on investment in China Pacific over 180 days. China Pacific is related to or competes with China Life, Cinda Securities, Piotech, Dongxing Sec, Shanghai OPM, National Silicon, and China Molybdenum. China Pacific is entity of China. It is traded as Stock on SHG exchange. More
China Pacific 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 Pacific'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 Pacific Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.54 | |||
| Information Ratio | 0.0661 | |||
| Maximum Drawdown | 19.32 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 6.71 |
China Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Pacific's standard deviation. In reality, there are many statistical measures that can use China Pacific historical prices to predict the future China Pacific's volatility.| Risk Adjusted Performance | 0.0933 | |||
| Jensen Alpha | 0.2293 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0774 | |||
| Treynor Ratio | 0.437 |
China Pacific Insurance Backtested Returns
China Pacific appears to be very steady, given 3 months investment horizon. China Pacific Insurance secures Sharpe Ratio (or Efficiency) of 0.0883, which signifies that the company had a 0.0883% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Pacific Insurance, which you can use to evaluate the volatility of the firm. Please makes use of China Pacific's Mean Deviation of 2.12, risk adjusted performance of 0.0933, and Downside Deviation of 2.54 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Pacific holds a performance score of 6. The firm shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Pacific is expected to be smaller as well. Please check China Pacific's 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 Pacific's price patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
China Pacific Insurance has insignificant predictability. Overlapping area represents the amount of predictability between China Pacific time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 Pacific Insurance price movement. The serial correlation of 0.13 indicates that less than 13.0% of current China Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 10.73 |
China Pacific Insurance lagged returns against current returns
Autocorrelation, which is China Pacific 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 Pacific's stock expected returns. We can calculate the autocorrelation of China Pacific returns to help us make a trade decision. For example, suppose you find that China Pacific 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 Pacific 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 Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
China Pacific Lagged Returns
When evaluating China Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Pacific stock have on its future price. China Pacific 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 Pacific autocorrelation shows the relationship between China Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in China Pacific Insurance.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Pacific 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 Pacific security.