China Molybdenum (China) Market Value
| 603993 Stock | 7.24 0.05 0.69% |
| Symbol | China |
China Molybdenum '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 Molybdenum'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 Molybdenum.
| 12/31/2024 |
| 01/30/2025 |
If you would invest 0.00 in China Molybdenum on December 31, 2024 and sell it all today you would earn a total of 0.00 from holding China Molybdenum Co or generate 0.0% return on investment in China Molybdenum over 30 days. China Molybdenum is related to or competes with Western Metal, Innovative Medical, Ningbo Jintian, Chongqing Brewery, JCHX Mining, Shenyang Huitian, and Anhui Tongguan. China Molybdenum is entity of China. It is traded as Stock on SHG exchange. More
China Molybdenum 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 Molybdenum'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 Molybdenum Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 8.15 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 2.9 |
China Molybdenum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Molybdenum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Molybdenum's standard deviation. In reality, there are many statistical measures that can use China Molybdenum historical prices to predict the future China Molybdenum's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | 3.45 |
China Molybdenum Backtested Returns
China Molybdenum secures Sharpe Ratio (or Efficiency) of -0.0822, which signifies that the company had a -0.0822 % return per unit of risk over the last 3 months. China Molybdenum Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Molybdenum's Mean Deviation of 1.31, standard deviation of 1.73, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.038, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Molybdenum are expected to decrease at a much lower rate. During the bear market, China Molybdenum is likely to outperform the market. At this point, China Molybdenum has a negative expected return of -0.13%. Please make sure to confirm China Molybdenum's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if China Molybdenum performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.56 |
Modest predictability
China Molybdenum Co has modest predictability. Overlapping area represents the amount of predictability between China Molybdenum time series from 31st of December 2024 to 15th of January 2025 and 15th of January 2025 to 30th of January 2025. 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 Molybdenum price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current China Molybdenum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
China Molybdenum lagged returns against current returns
Autocorrelation, which is China Molybdenum 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 Molybdenum's stock expected returns. We can calculate the autocorrelation of China Molybdenum returns to help us make a trade decision. For example, suppose you find that China Molybdenum 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 |
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China Molybdenum 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 Molybdenum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Molybdenum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Molybdenum stock over time.
Current vs Lagged Prices |
| Timeline |
China Molybdenum Lagged Returns
When evaluating China Molybdenum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Molybdenum stock have on its future price. China Molybdenum 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 Molybdenum autocorrelation shows the relationship between China Molybdenum stock current value and its past values and can show if there is a momentum factor associated with investing in China Molybdenum Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Molybdenum 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 Molybdenum security.