China National (China) Market Value
| 600511 Stock | 31.30 0.62 1.94% |
| Symbol | China |
China National '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 National'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 National.
| 02/01/2023 |
| 01/21/2025 |
If you would invest 0.00 in China National on February 1, 2023 and sell it all today you would earn a total of 0.00 from holding China National Medicines or generate 0.0% return on investment in China National over 720 days. China National is related to or competes with Tianjin Silvery, Shandong Publishing, Guangdong Silvere, Xinhua Winshare, Shenyang Blue, Bomesc Offshore, and COL Digital. China National is entity of China. It is traded as Stock on SHG exchange. More
China National 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 National'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 National Medicines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.61 | |||
| Value At Risk | (3.13) | |||
| Potential Upside | 2.18 |
China National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China National's standard deviation. In reality, there are many statistical measures that can use China National historical prices to predict the future China National's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (3.66) |
China National Medicines Backtested Returns
China National Medicines secures Sharpe Ratio (or Efficiency) of -0.0482, which signifies that the company had a -0.0482 % return per unit of risk over the last 3 months. China National Medicines exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China National's Standard Deviation of 1.89, mean deviation of 1.33, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0173, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China National's returns are expected to increase less than the market. However, during the bear market, the loss of holding China National is expected to be smaller as well. At this point, China National Medicines has a negative expected return of -0.0916%. Please make sure to confirm China National's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if China National Medicines performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
China National Medicines has weak predictability. Overlapping area represents the amount of predictability between China National time series from 1st of February 2023 to 27th of January 2024 and 27th of January 2024 to 21st of January 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 National Medicines price movement. The serial correlation of 0.22 indicates that over 22.0% of current China National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 4.38 |
China National Medicines lagged returns against current returns
Autocorrelation, which is China National 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 National's stock expected returns. We can calculate the autocorrelation of China National returns to help us make a trade decision. For example, suppose you find that China National 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 National 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 National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China National stock over time.
Current vs Lagged Prices |
| Timeline |
China National Lagged Returns
When evaluating China National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China National stock have on its future price. China National 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 National autocorrelation shows the relationship between China National stock current value and its past values and can show if there is a momentum factor associated with investing in China National Medicines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China National 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 National security.