China Eastern's market value is the price at which a share of China Eastern trades on a public exchange. It measures the collective expectations of China Eastern Airlines investors about its performance. China Eastern is trading at 0.29 as of the 9th of January 2025. This is a 3.33 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.29. With this module, you can estimate the performance of a buy and hold strategy of China Eastern Airlines and determine expected loss or profit from investing in China Eastern over a given investment horizon. Check out China Eastern Correlation, China Eastern Volatility and China Eastern Alpha and Beta module to complement your research on China Eastern.
Please note, there is a significant difference between China Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Eastern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Eastern'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 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 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 Eastern.
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01/20/2023
No Change 0.00
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In 1 year 11 months and 22 days
01/09/2025
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If you would invest 0.00 in China Eastern on January 20, 2023 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 GREENX METALS, Calibre Mining, Astral Foods, Tyson Foods, PREMIER FOODS, Cal Maine, and SENECA FOODS-A. 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 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 Eastern Airlines upside and downside potential and time the market with a certain degree of confidence.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Eastern. Your research has to be compared to or analyzed against China Eastern's peers to derive any actionable benefits. When done correctly, China Eastern's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in China Eastern Airlines.
China Eastern Airlines Backtested Returns
China Eastern appears to be out of control, given 3 months investment horizon. China Eastern Airlines secures Sharpe Ratio (or Efficiency) of 0.0956, which signifies that the company had a 0.0956% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for China Eastern Airlines, which you can use to evaluate the volatility of the firm. Please makes use of China Eastern's Downside Deviation of 6.58, risk adjusted performance of 0.0539, and Mean Deviation of 3.31 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 7. The firm shows a Beta (market volatility) of 0.0471, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Eastern's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Eastern is expected to be smaller as well. Please check China Eastern's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether China Eastern's price patterns will revert.
Auto-correlation
-0.72
Almost perfect reverse predictability
China Eastern Airlines has almost perfect reverse predictability. Overlapping area represents the amount of predictability between China Eastern time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 2025. 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 -0.72 indicates that around 72.0% of current China Eastern price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.72
Spearman Rank Test
-0.52
Residual Average
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Price Variance
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China Eastern Airlines lagged returns against current returns
Autocorrelation, which is China Eastern 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 Eastern's stock 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 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Eastern stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in China Eastern Airlines.
China Eastern financial ratios help investors to determine whether China Stock 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.