China New Energy Stock Market Value
| CNER Stock | USD 0.01 0.01 42.86% |
| Symbol | China |
China New '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 New'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 New.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in China New on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding China New Energy or generate 0.0% return on investment in China New over 30 days. China New is related to or competes with Green Planet, Azure Holding, and Four Leaf. China New Energy Group Company, a natural gas company, engages in the development, construction, and operation of natura... More
China New 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 New'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 New Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 53.99 | |||
| Information Ratio | 0.1157 | |||
| Maximum Drawdown | 575.0 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 25.0 |
China New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China New's standard deviation. In reality, there are many statistical measures that can use China New historical prices to predict the future China New's volatility.| Risk Adjusted Performance | 0.0999 | |||
| Jensen Alpha | 8.72 | |||
| Total Risk Alpha | (2.69) | |||
| Sortino Ratio | 0.1443 | |||
| Treynor Ratio | (1.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China New's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
China New Energy Backtested Returns
China New is out of control given 3 months investment horizon. China New Energy secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 8.41% are justified by taking the suggested risk. Use China New Mean Deviation of 21.43, risk adjusted performance of 0.0999, and Downside Deviation of 53.99 to evaluate company specific risk that cannot be diversified away. China New holds a performance score of 9 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -6.67, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning China New are expected to decrease by larger amounts. On the other hand, during market turmoil, China New is expected to outperform it. Use China New total risk alpha and the relationship between the potential upside and price action indicator , to analyze future returns on China New.
Auto-correlation | 0.31 |
Below average predictability
China New Energy has below average predictability. Overlapping area represents the amount of predictability between China New time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 New Energy price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current China New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China New Energy lagged returns against current returns
Autocorrelation, which is China New 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 New's pink sheet expected returns. We can calculate the autocorrelation of China New returns to help us make a trade decision. For example, suppose you find that China New 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 New 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 New pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China New 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 New pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China New Lagged Returns
When evaluating China New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China New pink sheet have on its future price. China New 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 New autocorrelation shows the relationship between China New pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China New Energy.
Regressed Prices |
| Timeline |
Pair Trading with China New
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 New 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 New will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
| 0.67 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.55 | SYM | Symbotic | PairCorr |
| 0.55 | HNHPF | Hon Hai Precision | PairCorr |
| 0.52 | WMT | Walmart Aggressive Push | PairCorr |
| 0.46 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
The ability to find closely correlated positions to China New 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 New 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 New - 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 New Energy to buy it.
The correlation of China New 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 New moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China New Energy 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 New 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 Pink Sheet Analysis
When running China New's price analysis, check to measure China New'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 New is operating at the current time. Most of China New's value examination focuses on studying past and present price action to predict the probability of China New'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 New's price. Additionally, you may evaluate how the addition of China New to your portfolios can decrease your overall portfolio volatility.