China Life Insurance Stock Market Value
| CILJF Stock | USD 1.95 0.01 0.51% |
| Symbol | China |
China Life '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 Life'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 Life.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in China Life on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding China Life Insurance or generate 0.0% return on investment in China Life over 30 days. China Life is related to or competes with CNO Financial, Ping An, Lincoln National, AIA Group, Ping An, Sanlam, and MetLife Preferred. China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People... More
China Life 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 Life'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 Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.58 | |||
| Information Ratio | 0.1134 | |||
| Maximum Drawdown | 37.36 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 8.72 |
China Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Life's standard deviation. In reality, there are many statistical measures that can use China Life historical prices to predict the future China Life's volatility.| Risk Adjusted Performance | 0.1148 | |||
| Jensen Alpha | 0.6783 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1016 | |||
| Treynor Ratio | 11.61 |
China Life Insurance Backtested Returns
China Life appears to be dangerous, given 3 months investment horizon. China Life Insurance 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 Life's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of China Life's Downside Deviation of 5.58, mean deviation of 3.15, and Risk Adjusted Performance of 0.1148 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Life holds a performance score of 10. The firm shows a Beta (market volatility) of 0.059, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Life's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Life is expected to be smaller as well. Please check China Life's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether China Life's price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
China Life Insurance has very weak reverse predictability. Overlapping area represents the amount of predictability between China Life time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Life Insurance price movement. The serial correlation of -0.06 indicates that barely 6.0% of current China Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Life Insurance lagged returns against current returns
Autocorrelation, which is China Life 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 Life's pink sheet expected returns. We can calculate the autocorrelation of China Life returns to help us make a trade decision. For example, suppose you find that China Life 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 Life 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 Life pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Life 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 Life pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Life Lagged Returns
When evaluating China Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Life pink sheet have on its future price. China Life 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 Life autocorrelation shows the relationship between China Life pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Life Insurance.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Life 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 Life security.