China Union (China) Market Value
| 000036 Stock | 4.42 0.01 0.23% |
| Symbol | China |
China Union '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 Union'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 Union.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in China Union on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding China Union Holdings or generate 0.0% return on investment in China Union over 30 days. China Union is related to or competes with PetroChina, China Mobile, CNOOC, Ping An, China Petroleum, China Telecom, and China State. China Union is entity of China. It is traded as Stock on SHE exchange. More
China Union 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 Union'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 Union Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.1768 | |||
| Maximum Drawdown | 19.29 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 7.72 |
China Union Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Union's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Union's standard deviation. In reality, there are many statistical measures that can use China Union historical prices to predict the future China Union's volatility.| Risk Adjusted Performance | 0.1544 | |||
| Jensen Alpha | 0.724 | |||
| Total Risk Alpha | 0.6238 | |||
| Sortino Ratio | 0.1826 | |||
| Treynor Ratio | 1.26 |
China Union Holdings Backtested Returns
China Union appears to be relatively risky, given 3 months investment horizon. China Union Holdings secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing China Union's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of China Union's Risk Adjusted Performance of 0.1544, downside deviation of 3.92, and Mean Deviation of 3.06 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Union holds a performance score of 11. The firm shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Union's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Union is expected to be smaller as well. Please check China Union's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether China Union's price patterns will revert.
Auto-correlation | 0.86 |
Very good predictability
China Union Holdings has very good predictability. Overlapping area represents the amount of predictability between China Union time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Union Holdings price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current China Union price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
China Union Holdings lagged returns against current returns
Autocorrelation, which is China Union 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 Union's stock expected returns. We can calculate the autocorrelation of China Union returns to help us make a trade decision. For example, suppose you find that China Union 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 Union 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 Union stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Union stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Union stock over time.
Current vs Lagged Prices |
| Timeline |
China Union Lagged Returns
When evaluating China Union's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Union stock have on its future price. China Union 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 Union autocorrelation shows the relationship between China Union stock current value and its past values and can show if there is a momentum factor associated with investing in China Union Holdings.
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 Union 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 Union security.