China Everbright Bank Stock Market Value
| CEBCF Stock | USD 0.39 0.00 0.00% |
| Symbol | China |
China Everbright '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 Everbright'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 Everbright.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in China Everbright on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding China Everbright Bank or generate 0.0% return on investment in China Everbright over 30 days. China Everbright is related to or competes with China Merchants, China Merchants, Postal Savings, China Citic, Bangkok Bank, Home Federal, and First Financial. China Everbright Bank Company Limited provides a range of financial products and services to corporations and government... More
China Everbright 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 Everbright'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 Everbright Bank upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1005 | |||
| Maximum Drawdown | 39.29 |
China Everbright Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Everbright's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Everbright's standard deviation. In reality, there are many statistical measures that can use China Everbright historical prices to predict the future China Everbright's volatility.| Risk Adjusted Performance | 0.1023 | |||
| Jensen Alpha | 0.6745 | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.65) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Everbright's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
China Everbright Bank Backtested Returns
China Everbright appears to be out of control, given 3 months investment horizon. China Everbright Bank secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing China Everbright's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of China Everbright's Mean Deviation of 1.17, risk adjusted performance of 0.1023, and Standard Deviation of 4.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Everbright holds a performance score of 9. The firm shows a Beta (market volatility) of -0.9, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning China Everbright are expected to decrease slowly. On the other hand, during market turmoil, China Everbright is expected to outperform it slightly. Please check China Everbright's variance, skewness, day typical price, as well as the relationship between the treynor ratio and rate of daily change , to make a quick decision on whether China Everbright's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
China Everbright Bank has no correlation between past and present. Overlapping area represents the amount of predictability between China Everbright time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Everbright Bank price movement. The serial correlation of 0.0 indicates that just 0.0% of current China Everbright price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Everbright Bank lagged returns against current returns
Autocorrelation, which is China Everbright 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 Everbright's pink sheet expected returns. We can calculate the autocorrelation of China Everbright returns to help us make a trade decision. For example, suppose you find that China Everbright 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 Everbright 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 Everbright pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Everbright 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 Everbright pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Everbright Lagged Returns
When evaluating China Everbright's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Everbright pink sheet have on its future price. China Everbright 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 Everbright autocorrelation shows the relationship between China Everbright pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Everbright Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Everbright financial ratios help investors to determine whether China Pink Sheet 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 Everbright security.