China Kings (China) Market Value
| 603505 Stock | 23.95 0.16 0.67% |
| Symbol | China |
China Kings '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 Kings' 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 Kings.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in China Kings on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding China Kings Resources or generate 0.0% return on investment in China Kings over 330 days. China Kings is related to or competes with China National, Semiconductor Manufacturing, Long Yuan, Shenzhen Clou, Epoxy Base, Servyou Software, and Aurora Optoelectronics. More
China Kings 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 Kings' 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 Kings Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.45 | |||
| Value At Risk | (3.66) | |||
| Potential Upside | 7.71 |
China Kings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Kings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Kings' standard deviation. In reality, there are many statistical measures that can use China Kings historical prices to predict the future China Kings' volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.1406 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.25) |
China Kings Resources Backtested Returns
At this point, China Kings is not too volatile. China Kings Resources secures Sharpe Ratio (or Efficiency) of 0.0351, which signifies that the company had a 0.0351% return per unit of risk over the last 3 months. We have found thirty technical indicators for China Kings Resources, which you can use to evaluate the volatility of the firm. Please confirm China Kings' Downside Deviation of 2.42, risk adjusted performance of 0.0342, and Mean Deviation of 2.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.1%. China Kings has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Kings are expected to decrease at a much lower rate. During the bear market, China Kings is likely to outperform the market. China Kings Resources right now shows a risk of 2.94%. Please confirm China Kings Resources downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if China Kings Resources will be following its price patterns.
Auto-correlation | -0.22 |
Weak reverse predictability
China Kings Resources has weak reverse predictability. Overlapping area represents the amount of predictability between China Kings time series from 7th of January 2024 to 20th of June 2024 and 20th of June 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 Kings Resources price movement. The serial correlation of -0.22 indicates that over 22.0% of current China Kings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 3.01 |
China Kings Resources lagged returns against current returns
Autocorrelation, which is China Kings 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 Kings' stock expected returns. We can calculate the autocorrelation of China Kings returns to help us make a trade decision. For example, suppose you find that China Kings 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 Kings 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 Kings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Kings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Kings stock over time.
Current vs Lagged Prices |
| Timeline |
China Kings Lagged Returns
When evaluating China Kings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Kings stock have on its future price. China Kings 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 Kings autocorrelation shows the relationship between China Kings stock current value and its past values and can show if there is a momentum factor associated with investing in China Kings Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Kings 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 Kings security.