China Great (China) Market Value

002939 Stock   8.33  0.15  1.77%   
China Great's market value is the price at which a share of China Great trades on a public exchange. It measures the collective expectations of China Great Wall investors about its performance. China Great is trading at 8.33 as of the 24th of December 2024, a 1.77% down since the beginning of the trading day. The stock's open price was 8.48.
With this module, you can estimate the performance of a buy and hold strategy of China Great Wall and determine expected loss or profit from investing in China Great over a given investment horizon. Check out China Great Correlation, China Great Volatility and China Great Alpha and Beta module to complement your research on China Great.
Symbol

Please note, there is a significant difference between China Great's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Great is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Great'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 Great '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 Great'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 Great.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in China Great on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding China Great Wall or generate 0.0% return on investment in China Great over 30 days. China Great is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, BYD Co, Beijing Roborock, Anhui Gujing, and Anhui Gujing. China Great is entity of China. It is traded as Stock on SHE exchange. More

China Great 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 Great'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 Great Wall upside and downside potential and time the market with a certain degree of confidence.

China Great Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for China Great's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Great's standard deviation. In reality, there are many statistical measures that can use China Great historical prices to predict the future China Great's volatility.
Hype
Prediction
LowEstimatedHigh
5.108.3411.58
Details
Intrinsic
Valuation
LowRealHigh
3.807.0410.28
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Great. Your research has to be compared to or analyzed against China Great's peers to derive any actionable benefits. When done correctly, China Great's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in China Great Wall.

China Great Wall Backtested Returns

China Great appears to be slightly risky, given 3 months investment horizon. China Great Wall secures Sharpe Ratio (or Efficiency) of 0.0862, which signifies that the company had a 0.0862% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Great Wall, which you can use to evaluate the volatility of the firm. Please makes use of China Great's Downside Deviation of 2.62, risk adjusted performance of 0.0918, and Mean Deviation of 2.03 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Great holds a performance score of 6. The firm shows a Beta (market volatility) of -0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Great are expected to decrease at a much lower rate. During the bear market, China Great is likely to outperform the market. Please check China Great's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether China Great's price patterns will revert.

Auto-correlation

    
  -0.37  

Poor reverse predictability

China Great Wall has poor reverse predictability. Overlapping area represents the amount of predictability between China Great time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Great Wall price movement. The serial correlation of -0.37 indicates that just about 37.0% of current China Great price fluctuation can be explain by its past prices.
Correlation Coefficient-0.37
Spearman Rank Test-0.41
Residual Average0.0
Price Variance0.02

China Great Wall lagged returns against current returns

Autocorrelation, which is China Great 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 Great's stock expected returns. We can calculate the autocorrelation of China Great returns to help us make a trade decision. For example, suppose you find that China Great 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 Great 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 Great stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Great stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Great stock over time.
   Current vs Lagged Prices   
       Timeline  

China Great Lagged Returns

When evaluating China Great's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Great stock have on its future price. China Great 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 Great autocorrelation shows the relationship between China Great stock current value and its past values and can show if there is a momentum factor associated with investing in China Great Wall.
   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 Great 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 Great security.