China International (China) Market Value
| 601888 Stock | 61.02 0.58 0.94% |
| Symbol | China |
China International '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 International'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 International.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in China International on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding China International Travel or generate 0.0% return on investment in China International over 30 days. China International is related to or competes with Gem Year, Beijing Kingsoft, Zoy Home, Lonkey Industrial, Xinjiang Baodi, Shanghai Shuixing, and Anhui Jinhe. More
China International 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 International'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 International Travel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 9.61 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 2.83 |
China International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China International's standard deviation. In reality, there are many statistical measures that can use China International historical prices to predict the future China International's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 2.48 |
China International Backtested Returns
China International secures Sharpe Ratio (or Efficiency) of -0.0961, which signifies that the company had a -0.0961 % return per unit of risk over the last 3 months. China International Travel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China International's Standard Deviation of 1.85, mean deviation of 1.37, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.076, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China International are expected to decrease at a much lower rate. During the bear market, China International is likely to outperform the market. At this point, China International has a negative expected return of -0.18%. Please make sure to confirm China International's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if China International performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
China International Travel has virtually no predictability. Overlapping area represents the amount of predictability between China International time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 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 International price movement. The serial correlation of 0.07 indicates that barely 7.0% of current China International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
China International lagged returns against current returns
Autocorrelation, which is China International 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 International's stock expected returns. We can calculate the autocorrelation of China International returns to help us make a trade decision. For example, suppose you find that China International 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 International 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 International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China International stock over time.
Current vs Lagged Prices |
| Timeline |
China International Lagged Returns
When evaluating China International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China International stock have on its future price. China International 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 International autocorrelation shows the relationship between China International stock current value and its past values and can show if there is a momentum factor associated with investing in China International Travel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China International 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 International security.