China Energy (China) Market Value
| 601868 Stock | 2.31 0.02 0.87% |
| Symbol | China |
China Energy '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 Energy'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 Energy.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in China Energy on December 14, 2024 and sell it all today you would earn a total of 0.00 from holding China Energy Engineering or generate 0.0% return on investment in China Energy over 90 days. China Energy is related to or competes with Dazhong Transportation, Anhui Transport, Shaanxi Broadcast, Shandong Publishing, Qtone Education, Shanghai Broadband, and Changjiang Publishing. China Energy is entity of China. It is traded as Stock on SHG exchange. More
China Energy 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 Energy'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 Energy Engineering upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0793 | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.75 |
China Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Energy's standard deviation. In reality, there are many statistical measures that can use China Energy historical prices to predict the future China Energy's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.1265 | |||
| Treynor Ratio | (0.71) |
China Energy Engineering Backtested Returns
China Energy Engineering secures Sharpe Ratio (or Efficiency) of -0.0222, which signifies that the company had a -0.0222 % return per unit of risk over the last 3 months. China Energy Engineering exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Energy's Standard Deviation of 1.08, risk adjusted performance of (0.03), and Mean Deviation of 0.7952 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0795, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Energy is expected to be smaller as well. At this point, China Energy Engineering has a negative expected return of -0.0239%. Please make sure to confirm China Energy's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if China Energy Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
China Energy Engineering has very good reverse predictability. Overlapping area represents the amount of predictability between China Energy time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Energy Engineering price movement. The serial correlation of -0.69 indicates that around 69.0% of current China Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Energy Engineering lagged returns against current returns
Autocorrelation, which is China Energy 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 Energy's stock expected returns. We can calculate the autocorrelation of China Energy returns to help us make a trade decision. For example, suppose you find that China Energy 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 Energy 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 Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Energy stock over time.
Current vs Lagged Prices |
| Timeline |
China Energy Lagged Returns
When evaluating China Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Energy stock have on its future price. China Energy 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 Energy autocorrelation shows the relationship between China Energy stock current value and its past values and can show if there is a momentum factor associated with investing in China Energy Engineering.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Energy 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 Energy security.