China Evergrande New Stock Market Value
| EVGRF Stock | USD 0.01 0.00 0.00% |
| Symbol | China |
China Evergrande '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 Evergrande'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 Evergrande.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in China Evergrande on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding China Evergrande New or generate 0.0% return on investment in China Evergrande over 30 days. China Evergrande is related to or competes with Fresenius Medical, Universal Health, Addus HomeCare, HCA Holdings, and Tenet Healthcare. China Evergrande New Energy Vehicle Group Limited, an investment holding company, operates as a health management compan... More
China Evergrande 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 Evergrande'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 Evergrande New upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 106.67 |
China Evergrande Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Evergrande's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Evergrande's standard deviation. In reality, there are many statistical measures that can use China Evergrande historical prices to predict the future China Evergrande's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.05) |
China Evergrande New Backtested Returns
China Evergrande New secures Sharpe Ratio (or Efficiency) of -0.0113, which signifies that the company had a -0.0113 % return per unit of risk over the last 3 months. China Evergrande New exposes seventeen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Evergrande's Standard Deviation of 10.49, mean deviation of 2.54, and Risk Adjusted Performance of 0.0013 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 2.48, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, China Evergrande will likely underperform. At this point, China Evergrande New has a negative expected return of -0.12%. Please make sure to confirm China Evergrande's coefficient of variation, jensen alpha, as well as the relationship between the Jensen Alpha and rate of daily change , to decide if China Evergrande New performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
China Evergrande New has no correlation between past and present. Overlapping area represents the amount of predictability between China Evergrande time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. 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 Evergrande New price movement. The serial correlation of 0.0 indicates that just 0.0% of current China Evergrande price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Evergrande New lagged returns against current returns
Autocorrelation, which is China Evergrande 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 Evergrande's pink sheet expected returns. We can calculate the autocorrelation of China Evergrande returns to help us make a trade decision. For example, suppose you find that China Evergrande 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 Evergrande 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 Evergrande pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Evergrande 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 Evergrande pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Evergrande Lagged Returns
When evaluating China Evergrande's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Evergrande pink sheet have on its future price. China Evergrande 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 Evergrande autocorrelation shows the relationship between China Evergrande pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Evergrande New.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Evergrande 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 Evergrande security.