China Merchants (China) Market Value
| 600036 Stock | 45.04 0.12 0.27% |
| Symbol | China |
China Merchants '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 Merchants' 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 Merchants.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in China Merchants on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding China Merchants Bank or generate 0.0% return on investment in China Merchants over 90 days. China Merchants is related to or competes with Montage Technology, Qingdao Haier, BrightGene Bio, APT Medical, Allmed Medical, Xiangyu Medical, and Gansu Huangtai. China Merchants is entity of China. It is traded as Stock on SHG exchange. More
China Merchants 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 Merchants' 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 Merchants Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.3399 | |||
| Maximum Drawdown | 6.25 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.27 |
China Merchants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Merchants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Merchants' standard deviation. In reality, there are many statistical measures that can use China Merchants historical prices to predict the future China Merchants' volatility.| Risk Adjusted Performance | 0.2285 | |||
| Jensen Alpha | 0.3508 | |||
| Total Risk Alpha | 0.4612 | |||
| Sortino Ratio | 0.3284 | |||
| Treynor Ratio | 0.7769 |
China Merchants Bank Backtested Returns
China Merchants appears to be very steady, given 3 months investment horizon. China Merchants Bank secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Merchants Bank, which you can use to evaluate the volatility of the firm. Please makes use of China Merchants' Downside Deviation of 1.27, mean deviation of 0.9494, and Risk Adjusted Performance of 0.2285 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Merchants holds a performance score of 21. The firm shows a Beta (market volatility) of 0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Merchants' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Merchants is expected to be smaller as well. Please check China Merchants' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Merchants' price patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
China Merchants Bank has very good predictability. Overlapping area represents the amount of predictability between China Merchants time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Merchants Bank price movement. The serial correlation of 0.83 indicates that around 83.0% of current China Merchants price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.66 |
China Merchants Bank lagged returns against current returns
Autocorrelation, which is China Merchants 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 Merchants' stock expected returns. We can calculate the autocorrelation of China Merchants returns to help us make a trade decision. For example, suppose you find that China Merchants 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 Merchants 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 Merchants stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Merchants stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Merchants stock over time.
Current vs Lagged Prices |
| Timeline |
China Merchants Lagged Returns
When evaluating China Merchants' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Merchants stock have on its future price. China Merchants 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 Merchants autocorrelation shows the relationship between China Merchants stock current value and its past values and can show if there is a momentum factor associated with investing in China Merchants Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Merchants 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 Merchants security.