China Everbright (China) Market Value
| 601818 Stock | 3.80 0.02 0.53% |
| Symbol | China |
China Everbright '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 Everbright'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 Everbright.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in China Everbright on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding China Everbright Bank or generate 0.0% return on investment in China Everbright over 90 days. China Everbright is related to or competes with BYD Co, China Mobile, Agricultural Bank, Industrial, China State, China Construction, and PetroChina. China Everbright is entity of China. It is traded as Stock on SHG exchange. More
China Everbright 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 Everbright'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 Everbright Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.39 | |||
| Information Ratio | 0.1414 | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.44 |
China Everbright Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Everbright's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Everbright's standard deviation. In reality, there are many statistical measures that can use China Everbright historical prices to predict the future China Everbright's volatility.| Risk Adjusted Performance | 0.0533 | |||
| Jensen Alpha | 0.0976 | |||
| Total Risk Alpha | 0.2899 | |||
| Sortino Ratio | 0.1445 | |||
| Treynor Ratio | 0.3928 |
China Everbright Bank Backtested Returns
At this point, China Everbright is somewhat reliable. China Everbright Bank secures Sharpe Ratio (or Efficiency) of 0.0331, which signifies that the company had a 0.0331 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Everbright Bank, which you can use to evaluate the volatility of the firm. Please confirm China Everbright's Downside Deviation of 1.39, mean deviation of 0.9832, and Risk Adjusted Performance of 0.0533 to double-check if the risk estimate we provide is consistent with the expected return of 0.0462%. China Everbright has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.19, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Everbright's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Everbright is expected to be smaller as well. China Everbright Bank right now shows a risk of 1.4%. Please confirm China Everbright Bank downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if China Everbright Bank will be following its price patterns.
Auto-correlation | 0.37 |
Below average predictability
China Everbright Bank has below average predictability. Overlapping area represents the amount of predictability between China Everbright time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. 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 Everbright Bank price movement. The serial correlation of 0.37 indicates that just about 37.0% of current China Everbright price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Everbright Bank lagged returns against current returns
Autocorrelation, which is China Everbright 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 Everbright's stock expected returns. We can calculate the autocorrelation of China Everbright returns to help us make a trade decision. For example, suppose you find that China Everbright 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 Everbright 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 Everbright stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Everbright stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Everbright stock over time.
Current vs Lagged Prices |
| Timeline |
China Everbright Lagged Returns
When evaluating China Everbright's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Everbright stock have on its future price. China Everbright 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 Everbright autocorrelation shows the relationship between China Everbright stock current value and its past values and can show if there is a momentum factor associated with investing in China Everbright Bank.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Everbright 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 Everbright security.