China Resources (China) Market Value
| 688396 Stock | 49.60 0.05 0.10% |
| Symbol | China |
China Resources '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 Resources' 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 Resources.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in China Resources on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding China Resources Microelectronics or generate 0.0% return on investment in China Resources over 720 days. China Resources is related to or competes with Sportsoul, JiShi Media, China Sports, Shanghai Yaoji, Zhejiang Daily, Jiangsu Jinling, and China Publishing. China Resources is entity of China. It is traded as Stock on SHG exchange. More
China Resources 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 Resources' 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 Resources Microelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | 0.1008 | |||
| Maximum Drawdown | 28.44 | |||
| Value At Risk | (3.80) | |||
| Potential Upside | 7.17 |
China Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Resources' standard deviation. In reality, there are many statistical measures that can use China Resources historical prices to predict the future China Resources' volatility.| Risk Adjusted Performance | 0.1085 | |||
| Jensen Alpha | 0.6329 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1639 | |||
| Treynor Ratio | (0.95) |
China Resources Micr Backtested Returns
China Resources appears to be not too volatile, given 3 months investment horizon. China Resources Micr secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing China Resources' technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of China Resources' Risk Adjusted Performance of 0.1085, mean deviation of 2.61, and Downside Deviation of 2.69 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Resources holds a performance score of 12. The firm shows a Beta (market volatility) of -0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Resources are expected to decrease at a much lower rate. During the bear market, China Resources is likely to outperform the market. Please check China Resources' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Resources' price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
China Resources Microelectronics has poor reverse predictability. Overlapping area represents the amount of predictability between China Resources time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Resources Micr price movement. The serial correlation of -0.4 indicates that just about 40.0% of current China Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 29.48 |
China Resources Micr lagged returns against current returns
Autocorrelation, which is China Resources 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 Resources' stock expected returns. We can calculate the autocorrelation of China Resources returns to help us make a trade decision. For example, suppose you find that China Resources 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 Resources 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 Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Resources stock over time.
Current vs Lagged Prices |
| Timeline |
China Resources Lagged Returns
When evaluating China Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Resources stock have on its future price. China Resources 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 Resources autocorrelation shows the relationship between China Resources stock current value and its past values and can show if there is a momentum factor associated with investing in China Resources Microelectronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Resources 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 Resources security.