CICC Fund (China) Market Value
| 508058 Stock | 3.43 0.14 4.26% |
| Symbol | CICC |
Please note, there is a significant difference between CICC Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if CICC Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CICC Fund'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.
CICC Fund '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 CICC Fund'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 CICC Fund.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in CICC Fund on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding CICC Fund Management or generate 0.0% return on investment in CICC Fund over 480 days. CICC Fund is related to or competes with Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, Contemporary Amperex, and China Life. CICC Fund is entity of China. It is traded as Stock on SHG exchange. More
CICC Fund 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 CICC Fund'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 CICC Fund Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.829 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.59 |
CICC Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CICC Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CICC Fund's standard deviation. In reality, there are many statistical measures that can use CICC Fund historical prices to predict the future CICC Fund's volatility.| Risk Adjusted Performance | 0.0648 | |||
| Jensen Alpha | 0.0724 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (7.67) |
CICC Fund Management Backtested Returns
At this point, CICC Fund is somewhat reliable. CICC Fund Management retains Efficiency (Sharpe Ratio) of 0.0855, which signifies that the company had a 0.0855% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for CICC Fund, which you can use to evaluate the volatility of the firm. Please confirm CICC Fund's market risk adjusted performance of (7.66), and Coefficient Of Variation of 1156.92 to double-check if the risk estimate we provide is consistent with the expected return of 0.0831%. CICC Fund has a performance score of 6 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.0093, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CICC Fund are expected to decrease at a much lower rate. During the bear market, CICC Fund is likely to outperform the market. CICC Fund Management at this time owns a risk of 0.97%. Please confirm CICC Fund Management mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if CICC Fund Management will be following its current price history.
Auto-correlation | -0.56 |
Good reverse predictability
CICC Fund Management has good reverse predictability. Overlapping area represents the amount of predictability between CICC Fund time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 CICC Fund Management price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current CICC Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
CICC Fund Management lagged returns against current returns
Autocorrelation, which is CICC Fund 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 CICC Fund's stock expected returns. We can calculate the autocorrelation of CICC Fund returns to help us make a trade decision. For example, suppose you find that CICC Fund 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 |
CICC Fund 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 CICC Fund stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CICC Fund stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CICC Fund stock over time.
Current vs Lagged Prices |
| Timeline |
CICC Fund Lagged Returns
When evaluating CICC Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CICC Fund stock have on its future price. CICC Fund 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, CICC Fund autocorrelation shows the relationship between CICC Fund stock current value and its past values and can show if there is a momentum factor associated with investing in CICC Fund Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CICC Stock
CICC Fund financial ratios help investors to determine whether CICC 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 CICC with respect to the benefits of owning CICC Fund security.