China Zheshang (China) Market Value
| 601916 Stock | 2.90 0.02 0.69% |
| Symbol | China |
China Zheshang '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 Zheshang'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 Zheshang.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in China Zheshang on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding China Zheshang Bank or generate 0.0% return on investment in China Zheshang over 180 days. China Zheshang is related to or competes with Inly Media, Ciwen Media, Zhengzhou Qianweiyangchu, Guilin Seamild, New Hope, JuneYao Dairy, and Dook Media. China Zheshang is entity of China. It is traded as Stock on SHG exchange. More
China Zheshang 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 Zheshang'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 Zheshang Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.71 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 3.2 |
China Zheshang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Zheshang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Zheshang's standard deviation. In reality, there are many statistical measures that can use China Zheshang historical prices to predict the future China Zheshang's volatility.| Risk Adjusted Performance | 0.0491 | |||
| Jensen Alpha | 0.0839 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 1.45 |
China Zheshang Bank Backtested Returns
China Zheshang appears to be moderately volatile, given 3 months investment horizon. China Zheshang Bank 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-nine technical indicators for China Zheshang Bank, which you can use to evaluate the volatility of the firm. Please makes use of China Zheshang's Downside Deviation of 1.79, mean deviation of 1.26, and Risk Adjusted Performance of 0.0491 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Zheshang holds a performance score of 10. The firm shows a Beta (market volatility) of 0.0635, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Zheshang's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Zheshang is expected to be smaller as well. Please check China Zheshang'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 Zheshang's price patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
China Zheshang Bank has very weak reverse predictability. Overlapping area represents the amount of predictability between China Zheshang time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Zheshang Bank price movement. The serial correlation of -0.01 indicates that just 1.0% of current China Zheshang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
China Zheshang Bank lagged returns against current returns
Autocorrelation, which is China Zheshang 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 Zheshang's stock expected returns. We can calculate the autocorrelation of China Zheshang returns to help us make a trade decision. For example, suppose you find that China Zheshang 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 Zheshang 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 Zheshang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Zheshang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Zheshang stock over time.
Current vs Lagged Prices |
| Timeline |
China Zheshang Lagged Returns
When evaluating China Zheshang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Zheshang stock have on its future price. China Zheshang 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 Zheshang autocorrelation shows the relationship between China Zheshang stock current value and its past values and can show if there is a momentum factor associated with investing in China Zheshang Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Zheshang 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 Zheshang security.