China Resources Beer Stock Market Value
| CRHKF Stock | USD 2.61 0.00 0.00% |
| Symbol | China |
China Resources '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 Resources' 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 Resources.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in China Resources on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding China Resources Beer or generate 0.0% return on investment in China Resources over 30 days. China Resources is related to or competes with Tsingtao Brewery, Budweiser Brewing, Boston Beer, Anheuser Busch, Heineken, Compania Cervecerias, and Heineken. China Resources Beer Company Limited, an investment holding company, manufactures, distributes, and sells beer products More
China Resources 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 Resources' 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 Resources Beer upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 27.99 |
China Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Resources' standard deviation. In reality, there are many statistical measures that can use China Resources historical prices to predict the future China Resources' volatility.| Risk Adjusted Performance | 0.0324 | |||
| Jensen Alpha | 0.0688 | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 2.32 |
China Resources Beer Backtested Returns
China Resources Beer secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. China Resources Beer exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Resources' Risk Adjusted Performance of 0.0324, mean deviation of 0.5279, and Standard Deviation of 2.48 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0314, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Resources is expected to be smaller as well. At this point, China Resources Beer has a negative expected return of -0.16%. Please make sure to confirm China Resources' coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if China Resources Beer performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
China Resources Beer has perfect predictability. Overlapping area represents the amount of predictability between China Resources time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Resources Beer price movement. The serial correlation of 1.0 indicates that 100.0% of current China Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Resources Beer lagged returns against current returns
Autocorrelation, which is China Resources 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 Resources' pink sheet expected returns. We can calculate the autocorrelation of China Resources returns to help us make a trade decision. For example, suppose you find that China Resources 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 Resources 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 Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Resources 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 Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Resources Lagged Returns
When evaluating China Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Resources pink sheet have on its future price. China Resources 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 Resources autocorrelation shows the relationship between China Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Resources Beer.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Resources 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 Resources security.