China Express (China) Market Value
| 002928 Stock | 8.43 0.02 0.24% |
| Symbol | China |
China Express '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 Express' 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 Express.
| 09/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in China Express on September 13, 2024 and sell it all today you would earn a total of 0.00 from holding China Express Airlines or generate 0.0% return on investment in China Express over 90 days. China Express is related to or competes with China State, Poly Real, China Vanke, China Merchants, Huafa Industrial, China International, and Kweichow Moutai. China Express is entity of China. It is traded as Stock on SHE exchange. More
China Express 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 Express' 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 Express Airlines upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.1818 | |||
| Maximum Drawdown | 13.66 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 8.02 |
China Express Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Express' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Express' standard deviation. In reality, there are many statistical measures that can use China Express historical prices to predict the future China Express' volatility.| Risk Adjusted Performance | 0.1684 | |||
| Jensen Alpha | 0.6117 | |||
| Total Risk Alpha | 0.1857 | |||
| Sortino Ratio | 0.2645 | |||
| Treynor Ratio | 1.31 |
China Express Airlines Backtested Returns
China Express appears to be somewhat reliable, given 3 months investment horizon. China Express Airlines secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% return per unit of risk over the last 3 months. By analyzing China Express' technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please makes use of China Express' Downside Deviation of 2.1, risk adjusted performance of 0.1684, and Mean Deviation of 2.3 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Express holds a performance score of 20. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Express' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Express is expected to be smaller as well. Please check China Express' semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether China Express' price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
China Express Airlines has average predictability. Overlapping area represents the amount of predictability between China Express time series from 13th of September 2024 to 28th of October 2024 and 28th of October 2024 to 12th 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 Express Airlines price movement. The serial correlation of 0.46 indicates that about 46.0% of current China Express price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
China Express Airlines lagged returns against current returns
Autocorrelation, which is China Express 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 Express' stock expected returns. We can calculate the autocorrelation of China Express returns to help us make a trade decision. For example, suppose you find that China Express 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 Express 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 Express stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Express stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Express stock over time.
Current vs Lagged Prices |
| Timeline |
China Express Lagged Returns
When evaluating China Express' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Express stock have on its future price. China Express 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 Express autocorrelation shows the relationship between China Express stock current value and its past values and can show if there is a momentum factor associated with investing in China Express Airlines.
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 Express 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 Express security.