China Telecom (China) Market Value
| 601728 Stock | 6.44 0.09 1.38% |
| Symbol | China |
China Telecom '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 Telecom'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 Telecom.
| 12/10/2022 |
| 11/29/2024 |
If you would invest 0.00 in China Telecom on December 10, 2022 and sell it all today you would earn a total of 0.00 from holding China Telecom Corp or generate 0.0% return on investment in China Telecom over 720 days. China Telecom is related to or competes with BYD Co, Agricultural Bank, Industrial, China State, China Construction, PetroChina, and China Petroleum. China Telecom is entity of China. It is traded as Stock on SHG exchange. More
China Telecom 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 Telecom'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 Telecom Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.0161 | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.49 |
China Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Telecom's standard deviation. In reality, there are many statistical measures that can use China Telecom historical prices to predict the future China Telecom's volatility.| Risk Adjusted Performance | 0.0658 | |||
| Jensen Alpha | 0.1139 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0173 | |||
| Treynor Ratio | 0.4971 |
China Telecom Corp Backtested Returns
At this point, China Telecom is somewhat reliable. China Telecom Corp secures Sharpe Ratio (or Efficiency) of 0.0657, which signifies that the company had a 0.0657% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Telecom Corp, which you can use to evaluate the volatility of the firm. Please confirm China Telecom's Risk Adjusted Performance of 0.0658, downside deviation of 1.9, and Mean Deviation of 1.5 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. China Telecom has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Telecom is expected to be smaller as well. China Telecom Corp right now shows a risk of 2.14%. Please confirm China Telecom Corp mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if China Telecom Corp will be following its price patterns.
Auto-correlation | 0.38 |
Below average predictability
China Telecom Corp has below average predictability. Overlapping area represents the amount of predictability between China Telecom time series from 10th of December 2022 to 5th of December 2023 and 5th of December 2023 to 29th 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 Telecom Corp price movement. The serial correlation of 0.38 indicates that just about 38.0% of current China Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
China Telecom Corp lagged returns against current returns
Autocorrelation, which is China Telecom 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 Telecom's stock expected returns. We can calculate the autocorrelation of China Telecom returns to help us make a trade decision. For example, suppose you find that China Telecom 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 Telecom 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 Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
China Telecom Lagged Returns
When evaluating China Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Telecom stock have on its future price. China Telecom 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 Telecom autocorrelation shows the relationship between China Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in China Telecom Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Telecom 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 Telecom security.