China Mobile (Germany) Market Value
| CTM Stock | EUR 8.56 0.00 0.00% |
| Symbol | China |
China Mobile '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 Mobile'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 Mobile.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in China Mobile on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding China Mobile Limited or generate 0.0% return on investment in China Mobile over 510 days. China Mobile is related to or competes with NIPPON STEEL, 24SEVENOFFICE GROUP, Boiron SA, SCOTT TECHNOLOGY, ALGOMA STEEL, and Micron Technology. China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong More
China Mobile 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 Mobile'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 Mobile Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.99 | |||
| Information Ratio | 0.105 | |||
| Maximum Drawdown | 42.65 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 3.31 |
China Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Mobile's standard deviation. In reality, there are many statistical measures that can use China Mobile historical prices to predict the future China Mobile's volatility.| Risk Adjusted Performance | 0.1093 | |||
| Jensen Alpha | 0.8358 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.251 | |||
| Treynor Ratio | (0.34) |
China Mobile Limited Backtested Returns
China Mobile appears to be slightly risky, given 3 months investment horizon. China Mobile Limited 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 Mobile's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of China Mobile's Risk Adjusted Performance of 0.1093, downside deviation of 1.99, and Mean Deviation of 1.75 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Mobile holds a performance score of 10. The firm shows a Beta (market volatility) of -1.84, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning China Mobile are expected to decrease by larger amounts. On the other hand, during market turmoil, China Mobile is expected to outperform it. Please check China Mobile's variance, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether China Mobile's price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
China Mobile Limited has good predictability. Overlapping area represents the amount of predictability between China Mobile time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Mobile Limited price movement. The serial correlation of 0.7 indicates that around 70.0% of current China Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
China Mobile Limited lagged returns against current returns
Autocorrelation, which is China Mobile 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 Mobile's stock expected returns. We can calculate the autocorrelation of China Mobile returns to help us make a trade decision. For example, suppose you find that China Mobile 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 Mobile 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 Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
China Mobile Lagged Returns
When evaluating China Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Mobile stock have on its future price. China Mobile 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 Mobile autocorrelation shows the relationship between China Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in China Mobile Limited.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Mobile 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 Mobile security.