China Natural Resources Stock Market Value
| CHNR Stock | USD 0.63 0.02 3.08% |
| Symbol | China |
China Natural Resources Price To Book Ratio
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Natural. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.14) | Revenue Per Share 2.009 | Quarterly Revenue Growth (0.24) | Return On Assets (0.03) | Return On Equity (0.07) |
The market value of China Natural Resources is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Natural's value that differs from its market value or its book value, called intrinsic value, which is China Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Natural's market value can be influenced by many factors that don't directly affect China Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
China Natural '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 Natural'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 Natural.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in China Natural on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding China Natural Resources or generate 0.0% return on investment in China Natural over 30 days. China Natural is related to or competes with Vow ASA, Euro Tech, and Fuel Tech. China Natural Resources, Inc., through its subsidiaries, engages in the exploration and mining of metal properties in th... More
China Natural 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 Natural'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 Natural Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.24 | |||
| Information Ratio | 0.0247 | |||
| Maximum Drawdown | 62.98 | |||
| Value At Risk | (9.88) | |||
| Potential Upside | 12.5 |
China Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Natural's standard deviation. In reality, there are many statistical measures that can use China Natural historical prices to predict the future China Natural's volatility.| Risk Adjusted Performance | 0.0393 | |||
| Jensen Alpha | 0.5012 | |||
| Total Risk Alpha | (1.06) | |||
| Sortino Ratio | 0.0353 | |||
| Treynor Ratio | (0.26) |
China Natural Resources Backtested Returns
China Natural appears to be out of control, given 3 months investment horizon. China Natural Resources secures Sharpe Ratio (or Efficiency) of 0.0398, which signifies that the company had a 0.0398% return per unit of risk over the last 3 months. We have found thirty technical indicators for China Natural Resources, which you can use to evaluate the volatility of the firm. Please makes use of China Natural's Risk Adjusted Performance of 0.0393, mean deviation of 5.39, and Downside Deviation of 6.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Natural holds a performance score of 3. The firm shows a Beta (market volatility) of -1.33, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning China Natural are expected to decrease by larger amounts. On the other hand, during market turmoil, China Natural is expected to outperform it. Please check China Natural's total risk alpha and the relationship between the potential upside and day typical price , to make a quick decision on whether China Natural's price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
China Natural Resources has insignificant predictability. Overlapping area represents the amount of predictability between China Natural time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Natural Resources price movement. The serial correlation of 0.1 indicates that less than 10.0% of current China Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Natural Resources lagged returns against current returns
Autocorrelation, which is China Natural 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 Natural's stock expected returns. We can calculate the autocorrelation of China Natural returns to help us make a trade decision. For example, suppose you find that China Natural 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 Natural 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 Natural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Natural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Natural stock over time.
Current vs Lagged Prices |
| Timeline |
China Natural Lagged Returns
When evaluating China Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Natural stock have on its future price. China Natural 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 Natural autocorrelation shows the relationship between China Natural stock current value and its past values and can show if there is a momentum factor associated with investing in China Natural Resources.
Regressed Prices |
| Timeline |
Pair Trading with China Natural
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Natural will appreciate offsetting losses from the drop in the long position's value.Moving against China Stock
| 0.41 | ARQ | Arq Inc Symbol Change | PairCorr |
The ability to find closely correlated positions to China Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Natural Resources to buy it.
The correlation of China Natural is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Natural Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Natural can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for China Stock Analysis
When running China Natural's price analysis, check to measure China Natural'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 Natural is operating at the current time. Most of China Natural's value examination focuses on studying past and present price action to predict the probability of China Natural'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 Natural's price. Additionally, you may evaluate how the addition of China Natural to your portfolios can decrease your overall portfolio volatility.