China Life (China) Market Value
| 601628 Stock | 41.62 0.69 1.63% |
| Symbol | China |
China Life '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 Life'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 Life.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in China Life on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding China Life Insurance or generate 0.0% return on investment in China Life over 180 days. China Life is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. China Life is entity of China. It is traded as Stock on SHG exchange. More
China Life 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 Life'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 Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.1205 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 6.42 |
China Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Life's standard deviation. In reality, there are many statistical measures that can use China Life historical prices to predict the future China Life's volatility.| Risk Adjusted Performance | 0.1307 | |||
| Jensen Alpha | 0.5887 | |||
| Total Risk Alpha | 0.0217 | |||
| Sortino Ratio | 0.1378 | |||
| Treynor Ratio | (0.58) |
China Life Insurance Backtested Returns
China Life appears to be very steady, given 3 months investment horizon. China Life Insurance secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Life Insurance, which you can use to evaluate the volatility of the firm. Please makes use of China Life's Mean Deviation of 2.03, risk adjusted performance of 0.1307, and Downside Deviation of 2.72 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Life holds a performance score of 10. The firm shows a Beta (market volatility) of -0.85, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning China Life are expected to decrease slowly. On the other hand, during market turmoil, China Life is expected to outperform it slightly. Please check China Life's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Life's price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
China Life Insurance has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Life time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th of November 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 Life Insurance price movement. The serial correlation of -0.14 indicates that less than 14.0% of current China Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 20.98 |
China Life Insurance lagged returns against current returns
Autocorrelation, which is China Life 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 Life's stock expected returns. We can calculate the autocorrelation of China Life returns to help us make a trade decision. For example, suppose you find that China Life 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 Life 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 Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Life stock over time.
Current vs Lagged Prices |
| Timeline |
China Life Lagged Returns
When evaluating China Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Life stock have on its future price. China Life 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 Life autocorrelation shows the relationship between China Life stock current value and its past values and can show if there is a momentum factor associated with investing in China Life Insurance.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Life 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 Life security.