CHINA OIL (Germany) Market Value
| GPI1 Stock | EUR 0.02 0.00 0.00% |
| Symbol | CHINA |
CHINA OIL '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 OIL'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 OIL.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in CHINA OIL on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding CHINA OIL AND or generate 0.0% return on investment in CHINA OIL over 360 days. CHINA OIL is related to or competes with Apple, Apple, Apple, Apple, Apple, Apple, and Microsoft. More
CHINA OIL 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 OIL'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 OIL AND upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.55 |
CHINA OIL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA OIL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA OIL's standard deviation. In reality, there are many statistical measures that can use CHINA OIL historical prices to predict the future CHINA OIL's volatility.| Risk Adjusted Performance | 0.0904 | |||
| Jensen Alpha | 0.0486 | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.7295 |
CHINA OIL AND Backtested Returns
Currently, CHINA OIL AND is out of control. CHINA OIL AND secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of return volatility over the last 3 months. We have found sixteen technical indicators for CHINA OIL AND, which you can use to evaluate the volatility of the firm. Please confirm CHINA OIL's Mean Deviation of 0.1357, risk adjusted performance of 0.0904, and Coefficient Of Variation of 812.4 to double-check if the risk estimate we provide is consistent with the expected return of 0.0689%. CHINA OIL has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0807, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHINA OIL's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHINA OIL is expected to be smaller as well. CHINA OIL AND at this time shows a risk of 0.56%. Please confirm CHINA OIL AND information ratio, maximum drawdown, and the relationship between the variance and treynor ratio , to decide if CHINA OIL AND will be following its price patterns.
Auto-correlation | -0.25 |
Weak reverse predictability
CHINA OIL AND has weak reverse predictability. Overlapping area represents the amount of predictability between CHINA OIL time series from 7th of December 2023 to 4th of June 2024 and 4th of June 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 OIL AND price movement. The serial correlation of -0.25 indicates that over 25.0% of current CHINA OIL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CHINA OIL AND lagged returns against current returns
Autocorrelation, which is CHINA OIL 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 OIL's stock expected returns. We can calculate the autocorrelation of CHINA OIL returns to help us make a trade decision. For example, suppose you find that CHINA OIL 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 OIL 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 OIL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA OIL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA OIL stock over time.
Current vs Lagged Prices |
| Timeline |
CHINA OIL Lagged Returns
When evaluating CHINA OIL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA OIL stock have on its future price. CHINA OIL 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 OIL autocorrelation shows the relationship between CHINA OIL stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA OIL AND.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for CHINA Stock Analysis
When running CHINA OIL's price analysis, check to measure CHINA OIL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CHINA OIL is operating at the current time. Most of CHINA OIL's value examination focuses on studying past and present price action to predict the probability of CHINA OIL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CHINA OIL's price. Additionally, you may evaluate how the addition of CHINA OIL to your portfolios can decrease your overall portfolio volatility.