China Satellite (China) Market Value
| 601698 Stock | 23.00 0.17 0.73% |
| Symbol | China |
China Satellite '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 Satellite'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 Satellite.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in China Satellite on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding China Satellite Communications or generate 0.0% return on investment in China Satellite over 720 days. China Satellite is related to or competes with New China, Ming Yang, Loctek Ergonomic, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. China Satellite is entity of China. It is traded as Stock on SHG exchange. More
China Satellite 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 Satellite'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 Satellite Communications upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.92 | |||
| Information Ratio | 0.1439 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (7.71) | |||
| Potential Upside | 9.98 |
China Satellite Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Satellite's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Satellite's standard deviation. In reality, there are many statistical measures that can use China Satellite historical prices to predict the future China Satellite's volatility.| Risk Adjusted Performance | 0.1401 | |||
| Jensen Alpha | 0.6139 | |||
| Total Risk Alpha | 0.0899 | |||
| Sortino Ratio | 0.1589 | |||
| Treynor Ratio | 0.6808 |
China Satellite Comm Backtested Returns
China Satellite appears to be not too volatile, given 3 months investment horizon. China Satellite Comm secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing China Satellite's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please makes use of China Satellite's Downside Deviation of 3.92, mean deviation of 3.12, and Risk Adjusted Performance of 0.1401 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Satellite holds a performance score of 15. The firm shows a Beta (market volatility) of 1.08, which signifies a somewhat significant risk relative to the market. China Satellite returns are very sensitive to returns on the market. As the market goes up or down, China Satellite is expected to follow. Please check China Satellite's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Satellite's price patterns will revert.
Auto-correlation | 0.09 |
Virtually no predictability
China Satellite Communications has virtually no predictability. Overlapping area represents the amount of predictability between China Satellite time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Satellite Comm price movement. The serial correlation of 0.09 indicates that less than 9.0% of current China Satellite price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 5.45 |
China Satellite Comm lagged returns against current returns
Autocorrelation, which is China Satellite 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 Satellite's stock expected returns. We can calculate the autocorrelation of China Satellite returns to help us make a trade decision. For example, suppose you find that China Satellite 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 Satellite 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 Satellite stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Satellite stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Satellite stock over time.
Current vs Lagged Prices |
| Timeline |
China Satellite Lagged Returns
When evaluating China Satellite's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Satellite stock have on its future price. China Satellite 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 Satellite autocorrelation shows the relationship between China Satellite stock current value and its past values and can show if there is a momentum factor associated with investing in China Satellite Communications.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Satellite 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 Satellite security.