China High's market value is the price at which a share of China High trades on a public exchange. It measures the collective expectations of China High Speed Railway investors about its performance. China High is trading at 2.65 as of the 4th of January 2025, a 6.69% down since the beginning of the trading day. The stock's open price was 2.84. With this module, you can estimate the performance of a buy and hold strategy of China High Speed Railway and determine expected loss or profit from investing in China High over a given investment horizon. Check out China High Correlation, China High Volatility and China High Alpha and Beta module to complement your research on China High.
Please note, there is a significant difference between China High's value and its price as these two are different measures arrived at by different means. Investors typically determine if China High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China High's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
11/05/2024
No Change 0.00
0.0
In 2 months and 2 days
01/04/2025
0.00
If you would invest 0.00 in China High on November 5, 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 60 days. China High is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. 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.
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.
At this point, China High is very risky. China High Speed secures Sharpe Ratio (or Efficiency) of 0.0395, which signifies that the company had a 0.0395% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China High Speed Railway, which you can use to evaluate the volatility of the firm. Please confirm China High's Downside Deviation of 4.29, mean deviation of 3.27, and Risk Adjusted Performance of 0.0832 to double-check if the risk estimate we provide is consistent with the expected return of 0.17%. China High has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China High's returns are expected to increase less than the market. However, during the bear market, the loss of holding China High is expected to be smaller as well. China High Speed right now shows a risk of 4.42%. Please confirm China High Speed 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 will be following its price patterns.
Auto-correlation
0.14
Insignificant predictability
China High Speed Railway has insignificant predictability. Overlapping area represents the amount of predictability between China High time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th of January 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 0.14 indicates that less than 14.0% of current China High price fluctuation can be explain by its past prices.
Correlation Coefficient
0.14
Spearman Rank Test
0.31
Residual Average
0.0
Price Variance
0.06
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
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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.