China Eastern Airlines Stock Market Value
| CHEAF Stock | USD 0.63 0.00 0.00% |
| Symbol | China |
China Eastern '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 Eastern'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 Eastern.
| 01/17/2024 |
| 01/06/2026 |
If you would invest 0.00 in China Eastern on January 17, 2024 and sell it all today you would earn a total of 0.00 from holding China Eastern Airlines or generate 0.0% return on investment in China Eastern over 720 days. China Eastern is related to or competes with China Southern, Air China, Singapore Airlines, Singapore Airlines, Air China, Airports, and Aeroports. China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in t... More
China Eastern 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 Eastern'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 Eastern Airlines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.2786 | |||
| Maximum Drawdown | 13.73 | |||
| Potential Upside | 11.63 |
China Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Eastern's standard deviation. In reality, there are many statistical measures that can use China Eastern historical prices to predict the future China Eastern's volatility.| Risk Adjusted Performance | 0.2279 | |||
| Jensen Alpha | 0.9849 | |||
| Total Risk Alpha | 0.649 | |||
| Treynor Ratio | (9.18) |
China Eastern Airlines Backtested Returns
China Eastern appears to be abnormally volatile, given 3 months investment horizon. China Eastern Airlines secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28 % return per unit of risk over the last 3 months. By analyzing China Eastern's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please makes use of China Eastern's Mean Deviation of 1.79, standard deviation of 3.24, and Risk Adjusted Performance of 0.2279 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Eastern holds a performance score of 22. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Eastern are expected to decrease at a much lower rate. During the bear market, China Eastern is likely to outperform the market. Please check China Eastern's potential upside, day median price, and the relationship between the jensen alpha and kurtosis , to make a quick decision on whether China Eastern's price patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
China Eastern Airlines has very weak predictability. Overlapping area represents the amount of predictability between China Eastern time series from 17th of January 2024 to 11th of January 2025 and 11th of January 2025 to 6th of January 2026. 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 Eastern Airlines price movement. The serial correlation of 0.19 indicates that over 19.0% of current China Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
China Eastern Airlines lagged returns against current returns
Autocorrelation, which is China Eastern 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 Eastern's pink sheet expected returns. We can calculate the autocorrelation of China Eastern returns to help us make a trade decision. For example, suppose you find that China Eastern 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 Eastern 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 Eastern pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Eastern 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 Eastern pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Eastern Lagged Returns
When evaluating China Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Eastern pink sheet have on its future price. China Eastern 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 Eastern autocorrelation shows the relationship between China Eastern pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Eastern Airlines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Eastern 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 Eastern security.