China Everbright Limited Stock Market Value
| CEVIF Stock | USD 0.68 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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in China Everbright on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding China Everbright Limited or generate 0.0% return on investment in China Everbright over 30 days. China Everbright is related to or competes with KKR Co, Apollo Global, TPG, Blackstone, and Carlyle Secured. China Everbright Limited, through its subsidiaries, engages in the investment activities and provision of financial serv... 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 Limited upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0762 | |||
| Maximum Drawdown | 35.56 |
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 | 0.0886 | |||
| Jensen Alpha | 0.4642 | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 2.24 |
China Everbright Backtested Returns
China Everbright appears to be abnormally volatile, given 3 months investment horizon. China Everbright 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 0.64% is justified by implied risk. Please makes use of China Everbright's Standard Deviation of 4.79, risk adjusted performance of 0.0886, and Mean Deviation of 1.45 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 10. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Everbright's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Everbright is expected to be smaller as well. Please check China Everbright's coefficient of variation, treynor ratio, 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 | 1.00 |
Perfect predictability
China Everbright Limited has perfect predictability. Overlapping area represents the amount of predictability between China Everbright time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 price movement. The serial correlation of 1.0 indicates that 100.0% of current China Everbright price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Everbright 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 |
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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 Limited.
Regressed Prices |
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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.