China Building (China) Market Value
| 603060 Stock | 7.06 0.04 0.57% |
| Symbol | China |
China Building '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 Building'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 Building.
| 01/31/2023 |
| 01/20/2025 |
If you would invest 0.00 in China Building on January 31, 2023 and sell it all today you would earn a total of 0.00 from holding China Building Material or generate 0.0% return on investment in China Building over 720 days. China Building is related to or competes with Shenzhen MYS, Haoxiangni Jujube, Shenzhen Bingchuan, Jizhong Energy, CSG Holding, and Henan Lantian. China Building is entity of China. It is traded as Stock on SHG exchange. More
China Building 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 Building'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 Building Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.51 | |||
| Information Ratio | 0.0496 | |||
| Maximum Drawdown | 15.66 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 3.83 |
China Building Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Building's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Building's standard deviation. In reality, there are many statistical measures that can use China Building historical prices to predict the future China Building's volatility.| Risk Adjusted Performance | 0.0579 | |||
| Jensen Alpha | 0.153 | |||
| Total Risk Alpha | 0.0869 | |||
| Sortino Ratio | 0.0509 | |||
| Treynor Ratio | (0.56) |
China Building Material Backtested Returns
At this point, China Building is somewhat reliable. China Building Material secures Sharpe Ratio (or Efficiency) of 0.0486, which signifies that the company had a 0.0486 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Building Material, which you can use to evaluate the volatility of the firm. Please confirm China Building's Downside Deviation of 2.51, mean deviation of 1.89, and Risk Adjusted Performance of 0.0579 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. China Building has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Building are expected to decrease at a much lower rate. During the bear market, China Building is likely to outperform the market. China Building Material right now shows a risk of 2.6%. Please confirm China Building Material mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if China Building Material will be following its price patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
China Building Material has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Building time series from 31st of January 2023 to 26th of January 2024 and 26th of January 2024 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 Building Material price movement. The serial correlation of -0.11 indicates that less than 11.0% of current China Building price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
China Building Material lagged returns against current returns
Autocorrelation, which is China Building 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 Building's stock expected returns. We can calculate the autocorrelation of China Building returns to help us make a trade decision. For example, suppose you find that China Building 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 Building 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 Building stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Building stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Building stock over time.
Current vs Lagged Prices |
| Timeline |
China Building Lagged Returns
When evaluating China Building's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Building stock have on its future price. China Building 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 Building autocorrelation shows the relationship between China Building stock current value and its past values and can show if there is a momentum factor associated with investing in China Building Material.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Building 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 Building security.