China Marine (China) Market Value
| 600764 Stock | 30.03 0.58 1.97% |
| Symbol | China |
China Marine '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 Marine'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 Marine.
| 12/30/2023 |
| 12/24/2024 |
If you would invest 0.00 in China Marine on December 30, 2023 and sell it all today you would earn a total of 0.00 from holding China Marine Information or generate 0.0% return on investment in China Marine over 360 days. China Marine is related to or competes with Xinjiang Communications, Changchun Faway, Sichuan Jinshi, Haima Automobile, Tongyu Communication, Zhongtong Guomai, and Guangzhou Haige. China Marine is entity of China. It is traded as Stock on SHG exchange. More
China Marine 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 Marine'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 Marine Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.142 | |||
| Maximum Drawdown | 17.66 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 9.83 |
China Marine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Marine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Marine's standard deviation. In reality, there are many statistical measures that can use China Marine historical prices to predict the future China Marine's volatility.| Risk Adjusted Performance | 0.1274 | |||
| Jensen Alpha | 0.5748 | |||
| Total Risk Alpha | 0.449 | |||
| Sortino Ratio | 0.159 | |||
| Treynor Ratio | (0.84) |
China Marine Information Backtested Returns
China Marine appears to be not too volatile, given 3 months investment horizon. China Marine Information secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing China Marine's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of China Marine's Risk Adjusted Performance of 0.1274, downside deviation of 3.37, and Mean Deviation of 2.82 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Marine holds a performance score of 12. The firm shows a Beta (market volatility) of -0.66, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Marine are expected to decrease at a much lower rate. During the bear market, China Marine is likely to outperform the market. Please check China Marine's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Marine's price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
China Marine Information has poor reverse predictability. Overlapping area represents the amount of predictability between China Marine time series from 30th of December 2023 to 27th of June 2024 and 27th of June 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 Marine Information price movement. The serial correlation of -0.4 indicates that just about 40.0% of current China Marine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 22.04 |
China Marine Information lagged returns against current returns
Autocorrelation, which is China Marine 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 Marine's stock expected returns. We can calculate the autocorrelation of China Marine returns to help us make a trade decision. For example, suppose you find that China Marine 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 Marine 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 Marine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Marine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Marine stock over time.
Current vs Lagged Prices |
| Timeline |
China Marine Lagged Returns
When evaluating China Marine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Marine stock have on its future price. China Marine 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 Marine autocorrelation shows the relationship between China Marine stock current value and its past values and can show if there is a momentum factor associated with investing in China Marine Information.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Marine 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 Marine security.