China Communications (Germany) Market Value
| CYY Stock | EUR 0.61 0.01 1.67% |
| Symbol | China |
China Communications '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 Communications' 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 Communications.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in China Communications on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding China Communications Construction or generate 0.0% return on investment in China Communications over 60 days. China Communications is related to or competes with China Railway, AECOM, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, and Talanx AG. China Communications Construction Company Limited, together with its subsidiaries, engages in the infrastructure constru... More
China Communications 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 Communications' 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 Communications Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | 0.0193 | |||
| Maximum Drawdown | 17.29 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.67 |
China Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Communications' standard deviation. In reality, there are many statistical measures that can use China Communications historical prices to predict the future China Communications' volatility.| Risk Adjusted Performance | 0.0488 | |||
| Jensen Alpha | 0.1711 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.018 | |||
| Treynor Ratio | 1.1 |
China Communications Backtested Returns
China Communications appears to be abnormally volatile, given 3 months investment horizon. China Communications secures Sharpe Ratio (or Efficiency) of 0.0685, which signifies that the company had a 0.0685% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for China Communications Construction, which you can use to evaluate the volatility of the firm. Please makes use of China Communications' Mean Deviation of 2.72, risk adjusted performance of 0.0488, and Downside Deviation of 4.07 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Communications holds a performance score of 5. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Communications is expected to be smaller as well. Please check China Communications' sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether China Communications' price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
China Communications Construction has virtually no predictability. Overlapping area represents the amount of predictability between China Communications time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Communications price movement. The serial correlation of 0.08 indicates that barely 8.0% of current China Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Communications lagged returns against current returns
Autocorrelation, which is China Communications 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 Communications' stock expected returns. We can calculate the autocorrelation of China Communications returns to help us make a trade decision. For example, suppose you find that China Communications 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 Communications 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 Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Communications stock over time.
Current vs Lagged Prices |
| Timeline |
China Communications Lagged Returns
When evaluating China Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Communications stock have on its future price. China Communications 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 Communications autocorrelation shows the relationship between China Communications stock current value and its past values and can show if there is a momentum factor associated with investing in China Communications Construction.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Communications 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 Communications security.