Cinda Securities (China) Market Value
| 601059 Stock | 15.33 0.07 0.46% |
| Symbol | Cinda |
Cinda Securities '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 Cinda Securities' 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 Cinda Securities.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Cinda Securities on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Cinda Securities Co or generate 0.0% return on investment in Cinda Securities over 30 days. Cinda Securities is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Cinda Securities is entity of China. It is traded as Stock on SHG exchange. More
Cinda Securities 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 Cinda Securities' 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 Cinda Securities Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.04 | |||
| Information Ratio | 0.0994 | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 7.43 |
Cinda Securities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cinda Securities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cinda Securities' standard deviation. In reality, there are many statistical measures that can use Cinda Securities historical prices to predict the future Cinda Securities' volatility.| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | 0.3686 | |||
| Total Risk Alpha | 0.271 | |||
| Sortino Ratio | 0.114 | |||
| Treynor Ratio | (115.18) |
Cinda Securities Backtested Returns
Cinda Securities appears to be somewhat reliable, given 3 months investment horizon. Cinda Securities secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cinda Securities Co, which you can use to evaluate the volatility of the firm. Please makes use of Cinda Securities' Risk Adjusted Performance of 0.0938, downside deviation of 3.04, and Mean Deviation of 2.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cinda Securities holds a performance score of 8. The firm shows a Beta (market volatility) of -0.0032, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cinda Securities are expected to decrease at a much lower rate. During the bear market, Cinda Securities is likely to outperform the market. Please check Cinda Securities' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Cinda Securities' price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Cinda Securities Co has good reverse predictability. Overlapping area represents the amount of predictability between Cinda Securities time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 Cinda Securities price movement. The serial correlation of -0.51 indicates that about 51.0% of current Cinda Securities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Cinda Securities lagged returns against current returns
Autocorrelation, which is Cinda Securities 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 Cinda Securities' stock expected returns. We can calculate the autocorrelation of Cinda Securities returns to help us make a trade decision. For example, suppose you find that Cinda Securities 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 |
Cinda Securities 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 Cinda Securities stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cinda Securities stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cinda Securities stock over time.
Current vs Lagged Prices |
| Timeline |
Cinda Securities Lagged Returns
When evaluating Cinda Securities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cinda Securities stock have on its future price. Cinda Securities 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, Cinda Securities autocorrelation shows the relationship between Cinda Securities stock current value and its past values and can show if there is a momentum factor associated with investing in Cinda Securities Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Cinda Stock
Cinda Securities financial ratios help investors to determine whether Cinda 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 Cinda with respect to the benefits of owning Cinda Securities security.