China Enterprise (China) Market Value
| 600675 Stock | 2.88 0.12 4.00% |
| Symbol | China |
China Enterprise '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 Enterprise'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 Enterprise.
| 09/25/2024 |
| 12/24/2024 |
If you would invest 0.00 in China Enterprise on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding China Enterprise Co or generate 0.0% return on investment in China Enterprise over 90 days. China Enterprise is related to or competes with PetroChina, China Mobile, CNOOC, Ping An, China Petroleum, China Telecom, and China State. China Enterprise is entity of China. It is traded as Stock on SHG exchange. More
China Enterprise 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 Enterprise'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 Enterprise Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.082 | |||
| Maximum Drawdown | 18.89 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 5.03 |
China Enterprise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Enterprise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Enterprise's standard deviation. In reality, there are many statistical measures that can use China Enterprise historical prices to predict the future China Enterprise's volatility.| Risk Adjusted Performance | 0.0805 | |||
| Jensen Alpha | 0.2966 | |||
| Total Risk Alpha | 0.1985 | |||
| Sortino Ratio | 0.0802 | |||
| Treynor Ratio | (8.01) |
China Enterprise Backtested Returns
At this point, China Enterprise is risky. China Enterprise secures Sharpe Ratio (or Efficiency) of 0.0431, which signifies that the company had a 0.0431% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Enterprise Co, which you can use to evaluate the volatility of the firm. Please confirm China Enterprise's Risk Adjusted Performance of 0.0805, downside deviation of 3.4, and Mean Deviation of 2.46 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. China Enterprise has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0369, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Enterprise are expected to decrease at a much lower rate. During the bear market, China Enterprise is likely to outperform the market. China Enterprise right now shows a risk of 3.47%. Please confirm China Enterprise downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if China Enterprise will be following its price patterns.
Auto-correlation | 0.23 |
Weak predictability
China Enterprise Co has weak predictability. Overlapping area represents the amount of predictability between China Enterprise time series from 25th of September 2024 to 9th of November 2024 and 9th of November 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 Enterprise price movement. The serial correlation of 0.23 indicates that over 23.0% of current China Enterprise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
China Enterprise lagged returns against current returns
Autocorrelation, which is China Enterprise 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 Enterprise's stock expected returns. We can calculate the autocorrelation of China Enterprise returns to help us make a trade decision. For example, suppose you find that China Enterprise 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 Enterprise 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 Enterprise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Enterprise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Enterprise stock over time.
Current vs Lagged Prices |
| Timeline |
China Enterprise Lagged Returns
When evaluating China Enterprise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Enterprise stock have on its future price. China Enterprise 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 Enterprise autocorrelation shows the relationship between China Enterprise stock current value and its past values and can show if there is a momentum factor associated with investing in China Enterprise Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Enterprise 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 Enterprise security.