CHINA BANK (Germany) Market Value
| C6TB Stock | EUR 14.10 0.10 0.70% |
| Symbol | CHINA |
CHINA BANK '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 BANK'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 BANK.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in CHINA BANK on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding CHINA BANK ADR20 or generate 0.0% return on investment in CHINA BANK over 600 days. CHINA BANK is related to or competes with Zijin Mining, Harmony Gold, Molson Coors, Boston Beer, Evolution Mining, and ADRIATIC METALS. China Construction Bank Corporation provides various banking and related financial services to individuals and corporate... More
CHINA BANK 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 BANK'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 BANK ADR20 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.0399 | |||
| Maximum Drawdown | 11.71 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.68 |
CHINA BANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA BANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA BANK's standard deviation. In reality, there are many statistical measures that can use CHINA BANK historical prices to predict the future CHINA BANK's volatility.| Risk Adjusted Performance | 0.0775 | |||
| Jensen Alpha | 0.1985 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0361 | |||
| Treynor Ratio | (1.04) |
CHINA BANK ADR20 Backtested Returns
At this point, CHINA BANK is not too volatile. CHINA BANK ADR20 secures Sharpe Ratio (or Efficiency) of 0.0831, which signifies that the company had a 0.0831% return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for CHINA BANK ADR20, which you can use to evaluate the volatility of the firm. Please confirm CHINA BANK's Mean Deviation of 1.5, risk adjusted performance of 0.0775, and Semi Deviation of 1.66 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. CHINA BANK has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CHINA BANK are expected to decrease at a much lower rate. During the bear market, CHINA BANK is likely to outperform the market. CHINA BANK ADR20 at this time shows a risk of 2.08%. Please confirm CHINA BANK ADR20 downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if CHINA BANK ADR20 will be following its price patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
CHINA BANK ADR20 has poor reverse predictability. Overlapping area represents the amount of predictability between CHINA BANK time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 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 BANK ADR20 price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current CHINA BANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.06 |
CHINA BANK ADR20 lagged returns against current returns
Autocorrelation, which is CHINA BANK 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 BANK's stock expected returns. We can calculate the autocorrelation of CHINA BANK returns to help us make a trade decision. For example, suppose you find that CHINA BANK 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 BANK 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 BANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA BANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA BANK stock over time.
Current vs Lagged Prices |
| Timeline |
CHINA BANK Lagged Returns
When evaluating CHINA BANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA BANK stock have on its future price. CHINA BANK 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 BANK autocorrelation shows the relationship between CHINA BANK stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA BANK ADR20.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CHINA Stock
CHINA BANK 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 BANK security.