China State (China) Market Value
| 601668 Stock | 6.11 0.01 0.16% |
| Symbol | China |
China State '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 State'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 State.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in China State on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding China State Construction or generate 0.0% return on investment in China State over 30 days. China State is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. China State is entity of China. It is traded as Stock on SHG exchange. More
China State 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 State'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 State Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0305 | |||
| Maximum Drawdown | 15.78 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 5.25 |
China State Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China State's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China State's standard deviation. In reality, there are many statistical measures that can use China State historical prices to predict the future China State's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | 0.2506 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0334 | |||
| Treynor Ratio | (0.30) |
China State Construction Backtested Returns
At this point, China State is slightly risky. China State Construction secures Sharpe Ratio (or Efficiency) of 0.0606, which signifies that the company had a 0.0606% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China State Construction, which you can use to evaluate the volatility of the firm. Please confirm China State's Mean Deviation of 2.12, downside deviation of 2.67, and Risk Adjusted Performance of 0.0592 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. China State has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.62, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China State are expected to decrease at a much lower rate. During the bear market, China State is likely to outperform the market. China State Construction right now shows a risk of 3.11%. Please confirm China State Construction mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if China State Construction will be following its price patterns.
Auto-correlation | 0.56 |
Modest predictability
China State Construction has modest predictability. Overlapping area represents the amount of predictability between China State 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 China State Construction price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current China State price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
China State Construction lagged returns against current returns
Autocorrelation, which is China State 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 State's stock expected returns. We can calculate the autocorrelation of China State returns to help us make a trade decision. For example, suppose you find that China State 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 State 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 State stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China State stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China State stock over time.
Current vs Lagged Prices |
| Timeline |
China State Lagged Returns
When evaluating China State's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China State stock have on its future price. China State 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 State autocorrelation shows the relationship between China State stock current value and its past values and can show if there is a momentum factor associated with investing in China State Construction.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China State 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 State security.