China National Building Stock Market Value
| CBUMY Stock | USD 21.71 0.43 2.02% |
| Symbol | China |
China National '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 National's pink sheet 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 National.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in China National on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding China National Building or generate 0.0% return on investment in China National over 180 days. China National is related to or competes with Anhui Conch, Lafargeholcim, Buzzi Unicem, HeidelbergCement, and Holcim. China National Building Material Company Limited, an investment holding company, engages in building material, new mater... More
China National 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 National's pink sheet 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 National Building upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.43 | |||
| Information Ratio | 0.1095 | |||
| Maximum Drawdown | 43.17 | |||
| Value At Risk | (7.19) | |||
| Potential Upside | 9.5 |
China National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China National's standard deviation. In reality, there are many statistical measures that can use China National historical prices to predict the future China National's volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.6813 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0925 | |||
| Treynor Ratio | 5.27 |
China National Building Backtested Returns
China National appears to be somewhat reliable, given 3 months investment horizon. China National Building secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing China National's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please makes use of China National's Mean Deviation of 3.17, risk adjusted performance of 0.1075, and Downside Deviation of 6.43 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China National holds a performance score of 11. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China National's returns are expected to increase less than the market. However, during the bear market, the loss of holding China National is expected to be smaller as well. Please check China National's sortino ratio, as well as the relationship between the semi variance and day median price , to make a quick decision on whether China National's price patterns will revert.
Auto-correlation | -0.63 |
Very good reverse predictability
China National Building has very good reverse predictability. Overlapping area represents the amount of predictability between China National time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 National Building price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current China National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 12.53 |
China National Building lagged returns against current returns
Autocorrelation, which is China National pink sheet'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 National's pink sheet expected returns. We can calculate the autocorrelation of China National returns to help us make a trade decision. For example, suppose you find that China National has exhibited high autocorrelation historically, and you observe that the pink sheet 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 National 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 National pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China National pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China National pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China National Lagged Returns
When evaluating China National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China National pink sheet have on its future price. China National 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 National autocorrelation shows the relationship between China National pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China National Building.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for China Pink Sheet Analysis
When running China National's price analysis, check to measure China National's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China National is operating at the current time. Most of China National's value examination focuses on studying past and present price action to predict the probability of China National's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China National's price. Additionally, you may evaluate how the addition of China National to your portfolios can decrease your overall portfolio volatility.