CHINA FORTUNE (Germany) Market Value
| FTQ0 Stock | EUR 0.01 0.0005 5.56% |
| Symbol | CHINA |
CHINA FORTUNE '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 FORTUNE'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 FORTUNE.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in CHINA FORTUNE on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding CHINA FORTUNE HLDGHD001 or generate 0.0% return on investment in CHINA FORTUNE over 180 days. CHINA FORTUNE is related to or competes with Apple, Samsung Electronics, Samsung Electronics, Xiaomi, and Panasonic Corp. China Fortune Holdings Limited, an investment holding company, engages in the distribution and trading of mobile phones ... More
CHINA FORTUNE 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 FORTUNE'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 FORTUNE HLDGHD001 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 29.63 | |||
| Information Ratio | 0.0648 | |||
| Maximum Drawdown | 295.57 | |||
| Value At Risk | (24.49) | |||
| Potential Upside | 25.64 |
CHINA FORTUNE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA FORTUNE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA FORTUNE's standard deviation. In reality, there are many statistical measures that can use CHINA FORTUNE historical prices to predict the future CHINA FORTUNE's volatility.| Risk Adjusted Performance | 0.0624 | |||
| Jensen Alpha | 2.7 | |||
| Total Risk Alpha | (3.38) | |||
| Sortino Ratio | 0.0751 | |||
| Treynor Ratio | (0.85) |
CHINA FORTUNE HLDGHD001 Backtested Returns
CHINA FORTUNE is out of control given 3 months investment horizon. CHINA FORTUNE HLDGHD001 secures Sharpe Ratio (or Efficiency) of 0.0684, which signifies that the company had a 0.0684% return per unit of return volatility over the last 3 months. We were able to break down and collect data for twenty-seven different technical indicators, which can help you to evaluate if expected returns of 2.37% are justified by taking the suggested risk. Use CHINA FORTUNE Risk Adjusted Performance of 0.0624, mean deviation of 13.88, and Semi Deviation of 15.54 to evaluate company specific risk that cannot be diversified away. CHINA FORTUNE holds a performance score of 5 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -2.76, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning CHINA FORTUNE are expected to decrease by larger amounts. On the other hand, during market turmoil, CHINA FORTUNE is expected to outperform it. Use CHINA FORTUNE downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to analyze future returns on CHINA FORTUNE.
Auto-correlation | -0.67 |
Very good reverse predictability
CHINA FORTUNE HLDGHD001 has very good reverse predictability. Overlapping area represents the amount of predictability between CHINA FORTUNE time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 FORTUNE HLDGHD001 price movement. The serial correlation of -0.67 indicates that around 67.0% of current CHINA FORTUNE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CHINA FORTUNE HLDGHD001 lagged returns against current returns
Autocorrelation, which is CHINA FORTUNE 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 FORTUNE's stock expected returns. We can calculate the autocorrelation of CHINA FORTUNE returns to help us make a trade decision. For example, suppose you find that CHINA FORTUNE 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 FORTUNE 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 FORTUNE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA FORTUNE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA FORTUNE stock over time.
Current vs Lagged Prices |
| Timeline |
CHINA FORTUNE Lagged Returns
When evaluating CHINA FORTUNE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA FORTUNE stock have on its future price. CHINA FORTUNE 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 FORTUNE autocorrelation shows the relationship between CHINA FORTUNE stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA FORTUNE HLDGHD001.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CHINA Stock
CHINA FORTUNE 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 FORTUNE security.