China Construction (China) Market Value
| 601939 Stock | 7.94 0.01 0.13% |
| Symbol | China |
China Construction '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 Construction'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 Construction.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in China Construction on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding China Construction Bank or generate 0.0% return on investment in China Construction over 30 days. China Construction is related to or competes with New China, Ming Yang, Loctek Ergonomic, Xiamen East, Hi Trend, Changchun Faway, and Hunan Nanling. China Construction is entity of China. It is traded as Stock on SHG exchange. More
China Construction 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 Construction'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 Construction Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.64 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 3.32 |
China Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Construction's standard deviation. In reality, there are many statistical measures that can use China Construction historical prices to predict the future China Construction's volatility.| Risk Adjusted Performance | 0.0353 | |||
| Jensen Alpha | 0.0938 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.19) |
China Construction Bank Backtested Returns
China Construction Bank secures Sharpe Ratio (or Efficiency) of -0.0243, which signifies that the company had a -0.0243% return per unit of risk over the last 3 months. China Construction Bank exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Construction's Mean Deviation of 1.33, risk adjusted performance of 0.0353, and Downside Deviation of 1.94 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Construction are expected to decrease at a much lower rate. During the bear market, China Construction is likely to outperform the market. At this point, China Construction Bank has a negative expected return of -0.0462%. Please make sure to confirm China Construction's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if China Construction Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
China Construction Bank has modest predictability. Overlapping area represents the amount of predictability between China Construction 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 Construction Bank price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current China Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Construction Bank lagged returns against current returns
Autocorrelation, which is China Construction 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 Construction's stock expected returns. We can calculate the autocorrelation of China Construction returns to help us make a trade decision. For example, suppose you find that China Construction 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 Construction 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 Construction stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Construction stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Construction stock over time.
Current vs Lagged Prices |
| Timeline |
China Construction Lagged Returns
When evaluating China Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Construction stock have on its future price. China Construction 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 Construction autocorrelation shows the relationship between China Construction stock current value and its past values and can show if there is a momentum factor associated with investing in China Construction Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Construction 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 Construction security.