CHINA CONBANK (Germany) Market Value
| C6TB Stock | EUR 15.30 0.40 2.55% |
| Symbol | CHINA |
CHINA CONBANK '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 CONBANK'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 CONBANK.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in CHINA CONBANK on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding CHINA BANK ADR20 or generate 0.0% return on investment in CHINA CONBANK over 90 days. CHINA CONBANK is related to or competes with Ross Stores, AOI Electronics, National Retail, STORE ELECTRONIC, STMICROELECTRONICS, G III, and Costco Wholesale. China Construction Bank Corporation provides various banking and related financial services to individuals and corporate... More
CHINA CONBANK 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 CONBANK'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 BANK ADR20 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | 0.1609 | |||
| Maximum Drawdown | 10.15 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 2.07 |
CHINA CONBANK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA CONBANK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA CONBANK's standard deviation. In reality, there are many statistical measures that can use CHINA CONBANK historical prices to predict the future CHINA CONBANK's volatility.| Risk Adjusted Performance | 0.0942 | |||
| Jensen Alpha | 0.1984 | |||
| Total Risk Alpha | 0.3765 | |||
| Sortino Ratio | 0.1306 | |||
| Treynor Ratio | 0.5191 |
CHINA BANK ADR20 Backtested Returns
At this point, CHINA CONBANK is very steady. CHINA BANK ADR20 secures Sharpe Ratio (or Efficiency) of 0.0684, which signifies that the company had a 0.0684 % return per unit of return volatility over the last 3 months. We have found twenty-seven technical indicators for CHINA BANK ADR20, which you can use to evaluate the volatility of the firm. Please confirm CHINA CONBANK's Risk Adjusted Performance of 0.0942, semi deviation of 1.48, and Mean Deviation of 1.12 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. CHINA CONBANK has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CHINA CONBANK's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHINA CONBANK is expected to be smaller as well. CHINA BANK ADR20 at this time shows a risk of 1.78%. Please confirm CHINA BANK ADR20 downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if CHINA BANK ADR20 will be following its price patterns.
Auto-correlation | 0.05 |
Virtually no predictability
CHINA BANK ADR20 has virtually no predictability. Overlapping area represents the amount of predictability between CHINA CONBANK time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 BANK ADR20 price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current CHINA CONBANK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
CHINA BANK ADR20 lagged returns against current returns
Autocorrelation, which is CHINA CONBANK 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 CONBANK's stock expected returns. We can calculate the autocorrelation of CHINA CONBANK returns to help us make a trade decision. For example, suppose you find that CHINA CONBANK 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 CONBANK 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 CONBANK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA CONBANK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA CONBANK stock over time.
Current vs Lagged Prices |
| Timeline |
CHINA CONBANK Lagged Returns
When evaluating CHINA CONBANK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA CONBANK stock have on its future price. CHINA CONBANK 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 CONBANK autocorrelation shows the relationship between CHINA CONBANK stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA BANK ADR20.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CHINA Stock
CHINA CONBANK 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 CONBANK security.