China Tower Stock Market Value
| CHWRF Stock | USD 0.13 0.00 0.00% |
| Symbol | China |
China TowerLimited '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 TowerLimited'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 TowerLimited.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in China TowerLimited on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding China Tower or generate 0.0% return on investment in China TowerLimited over 720 days. China TowerLimited is related to or competes with Singapore Telecommunicatio, Vodafone Group, PT Indosat, KDDI Corp, Airtel Africa, Consolidated Communications, and KORE Group. China Tower Corporation Limited provides telecommunication tower infrastructure services in the Peoples Republic of Chin... More
China TowerLimited 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 TowerLimited'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 Tower upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 14.0 | |||
| Information Ratio | 0.0449 | |||
| Maximum Drawdown | 55.06 | |||
| Value At Risk | (13.64) | |||
| Potential Upside | 11.83 |
China TowerLimited Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China TowerLimited's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China TowerLimited's standard deviation. In reality, there are many statistical measures that can use China TowerLimited historical prices to predict the future China TowerLimited's volatility.| Risk Adjusted Performance | 0.0538 | |||
| Jensen Alpha | 0.8909 | |||
| Total Risk Alpha | (0.99) | |||
| Sortino Ratio | 0.0318 | |||
| Treynor Ratio | (0.21) |
China TowerLimited Backtested Returns
China TowerLimited appears to be out of control, given 3 months investment horizon. China TowerLimited secures Sharpe Ratio (or Efficiency) of 0.0738, which signifies that the company had a 0.0738% return per unit of risk over the last 3 months. By analyzing China TowerLimited's technical indicators, you can evaluate if the expected return of 0.74% is justified by implied risk. Please makes use of China TowerLimited's Risk Adjusted Performance of 0.0538, mean deviation of 5.23, and Downside Deviation of 14.0 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China TowerLimited holds a performance score of 5. The firm shows a Beta (market volatility) of -2.69, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning China TowerLimited are expected to decrease by larger amounts. On the other hand, during market turmoil, China TowerLimited is expected to outperform it. Please check China TowerLimited's total risk alpha, as well as the relationship between the potential upside and kurtosis , to make a quick decision on whether China TowerLimited's price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
China Tower has very weak reverse predictability. Overlapping area represents the amount of predictability between China TowerLimited time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 TowerLimited price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current China TowerLimited price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China TowerLimited lagged returns against current returns
Autocorrelation, which is China TowerLimited 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 TowerLimited's pink sheet expected returns. We can calculate the autocorrelation of China TowerLimited returns to help us make a trade decision. For example, suppose you find that China TowerLimited 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 TowerLimited 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 TowerLimited pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China TowerLimited 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 TowerLimited pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China TowerLimited Lagged Returns
When evaluating China TowerLimited's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China TowerLimited pink sheet have on its future price. China TowerLimited 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 TowerLimited autocorrelation shows the relationship between China TowerLimited pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Tower.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China TowerLimited 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 TowerLimited security.