China Building's market value is the price at which a share of China Building trades on a public exchange. It measures the collective expectations of China Building Material investors about its performance. China Building is trading at 7.12 as of the 2nd of January 2025, a 2.6 percent decrease since the beginning of the trading day. The stock's open price was 7.31. With this module, you can estimate the performance of a buy and hold strategy of China Building Material and determine expected loss or profit from investing in China Building over a given investment horizon. Check out China Building Correlation, China Building Volatility and China Building Alpha and Beta module to complement your research on China Building.
Please note, there is a significant difference between China Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Building's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
01/13/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/02/2025
0.00
If you would invest 0.00 in China Building on January 13, 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 Cloud Live, Nanjing Putian, Tianjin Realty, Shenzhen Coship, Shenzhen Hifuture, Kangyue Technology, and Shenyang Huitian. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Building. Your research has to be compared to or analyzed against China Building's peers to derive any actionable benefits. When done correctly, China Building's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in China Building Material.
China Building Material Backtested Returns
At this point, China Building is slightly risky. China Building Material secures Sharpe Ratio (or Efficiency) of 0.0229, which signifies that the company had a 0.0229% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Building Material, which you can use to evaluate the volatility of the firm. Please confirm China Building's Risk Adjusted Performance of 0.101, mean deviation of 2.5, and Downside Deviation of 3.68 to double-check if the risk estimate we provide is consistent with the expected return of 0.075%. China Building has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Building's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Building is expected to be smaller as well. China Building Material right now shows a risk of 3.27%. Please confirm China Building Material downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if China Building Material will be following its price patterns.
Auto-correlation
-0.1
Very weak reverse predictability
China Building Material has very weak reverse predictability. Overlapping area represents the amount of predictability between China Building time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 -0.1 indicates that less than 10.0% of current China Building price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.1
Spearman Rank Test
0.12
Residual Average
0.0
Price Variance
0.69
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.
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.