China Petroleum Chemical Stock Market Value
| SNPMF Stock | USD 0.54 0.01 1.89% |
| Symbol | China |
China Petroleum '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 Petroleum'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 Petroleum.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in China Petroleum on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding China Petroleum Chemical or generate 0.0% return on investment in China Petroleum over 30 days. China Petroleum is related to or competes with Equinor ASA, TotalEnergies, Ecopetrol, National Fuel, and Transportadora. China Petroleum Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations... More
China Petroleum 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 Petroleum'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 Petroleum Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.87 | |||
| Information Ratio | 0.0533 | |||
| Maximum Drawdown | 73.61 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 7.55 |
China Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Petroleum's standard deviation. In reality, there are many statistical measures that can use China Petroleum historical prices to predict the future China Petroleum's volatility.| Risk Adjusted Performance | 0.0617 | |||
| Jensen Alpha | 0.6846 | |||
| Total Risk Alpha | (0.78) | |||
| Sortino Ratio | 0.0583 | |||
| Treynor Ratio | (0.66) |
China Petroleum Chemical Backtested Returns
China Petroleum appears to be out of control, given 3 months investment horizon. China Petroleum Chemical secures Sharpe Ratio (or Efficiency) of 0.058, which signifies that the company had a 0.058% return per unit of risk over the last 3 months. By analyzing China Petroleum's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please makes use of China Petroleum's Risk Adjusted Performance of 0.0617, downside deviation of 7.87, and Mean Deviation of 4.17 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Petroleum holds a performance score of 4. The firm shows a Beta (market volatility) of -0.87, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning China Petroleum are expected to decrease slowly. On the other hand, during market turmoil, China Petroleum is expected to outperform it slightly. Please check China Petroleum's sortino ratio, skewness, relative strength index, as well as the relationship between the potential upside and day median price , to make a quick decision on whether China Petroleum's price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
China Petroleum Chemical has virtually no predictability. Overlapping area represents the amount of predictability between China Petroleum time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Petroleum Chemical price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current China Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Petroleum Chemical lagged returns against current returns
Autocorrelation, which is China Petroleum 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 Petroleum's pink sheet expected returns. We can calculate the autocorrelation of China Petroleum returns to help us make a trade decision. For example, suppose you find that China Petroleum 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 Petroleum 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 Petroleum pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Petroleum 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 Petroleum pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Petroleum Lagged Returns
When evaluating China Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Petroleum pink sheet have on its future price. China Petroleum 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 Petroleum autocorrelation shows the relationship between China Petroleum pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Petroleum Chemical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Petroleum 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 Petroleum security.