China High (China) Market Value
000008 Stock | 2.77 0.07 2.46% |
Symbol | China |
China High '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 High'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 High.
12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in China High on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding China High Speed Railway or generate 0.0% return on investment in China High over 90 days. China High is related to or competes with Jiangsu Yueda, Shanghai Yaoji, Henan Shuanghui, Everdisplay Optronics, Xiamen Insight, Lander Sports, and Shenzhen. China High is entity of China. It is traded as Stock on SHE exchange. More
China High 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 High'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 High Speed Railway upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.46 | |||
Information Ratio | 0.0572 | |||
Maximum Drawdown | 20.02 | |||
Value At Risk | (4.98) | |||
Potential Upside | 10.07 |
China High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China High's standard deviation. In reality, there are many statistical measures that can use China High historical prices to predict the future China High's volatility.Risk Adjusted Performance | 0.0303 | |||
Jensen Alpha | 0.0499 | |||
Total Risk Alpha | 0.6836 | |||
Sortino Ratio | 0.0639 | |||
Treynor Ratio | (0.27) |
China High Speed Backtested Returns
China High Speed secures Sharpe Ratio (or Efficiency) of -0.0419, which signifies that the company had a -0.0419 % return per unit of risk over the last 3 months. China High Speed Railway exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China High's Mean Deviation of 2.68, risk adjusted performance of 0.0303, and Downside Deviation of 3.46 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China High are expected to decrease at a much lower rate. During the bear market, China High is likely to outperform the market. At this point, China High Speed has a negative expected return of -0.13%. Please make sure to confirm China High's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if China High Speed performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.57 |
Good reverse predictability
China High Speed Railway has good reverse predictability. Overlapping area represents the amount of predictability between China High time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 High Speed price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current China High price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.57 | |
Spearman Rank Test | -0.46 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
China High Speed lagged returns against current returns
Autocorrelation, which is China High 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 High's stock expected returns. We can calculate the autocorrelation of China High returns to help us make a trade decision. For example, suppose you find that China High 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 High 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 High stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China High stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China High stock over time.
Current vs Lagged Prices |
Timeline |
China High Lagged Returns
When evaluating China High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China High stock have on its future price. China High 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 High autocorrelation shows the relationship between China High stock current value and its past values and can show if there is a momentum factor associated with investing in China High Speed Railway.
Regressed Prices |
Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in China Stock
China High 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 High security.