China Everbright's market value is the price at which a share of China Everbright trades on a public exchange. It measures the collective expectations of China Everbright Ltd investors about its performance. China Everbright is trading at 6.44 as of the 24th of January 2025; that is No Change since the beginning of the trading day. The stock's open price was 6.44. With this module, you can estimate the performance of a buy and hold strategy of China Everbright Ltd and determine expected loss or profit from investing in China Everbright over a given investment horizon. Check out China Everbright Correlation, China Everbright Volatility and China Everbright Alpha and Beta module to complement your research on China Everbright.
Please note, there is a significant difference between China Everbright's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Everbright is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Everbright'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 Everbright '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 Everbright's pink sheet 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 Everbright.
0.00
12/25/2024
No Change 0.00
0.0
In 31 days
01/24/2025
0.00
If you would invest 0.00 in China Everbright on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding China Everbright Ltd or generate 0.0% return on investment in China Everbright over 30 days. China Everbright is related to or competes with BlackRock Health, TPG, BlackRock Science, Brookfield Real, Pimco Dynamic, Pimco Corporate, and Cornerstone Strategic. China Everbright Limited, through its subsidiaries, engages in the investment activities and provision of financial serv... More
China Everbright 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 Everbright's pink sheet 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 Everbright Ltd 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 Everbright's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Everbright's standard deviation. In reality, there are many statistical measures that can use China Everbright historical prices to predict the future China Everbright's volatility.
China Everbright appears to be relatively risky, given 3 months investment horizon. China Everbright secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13 % return per unit of risk over the last 3 months. By analyzing China Everbright's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please makes use of China Everbright's Standard Deviation of 6.33, risk adjusted performance of 0.1169, and Mean Deviation of 1.56 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Everbright holds a performance score of 10. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Everbright's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Everbright is expected to be smaller as well. Please check China Everbright's coefficient of variation and skewness , to make a quick decision on whether China Everbright's price patterns will revert.
Correlation Coefficient
0.0
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
0.0
China Everbright lagged returns against current returns
Autocorrelation, which is China Everbright pink sheet'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 Everbright's pink sheet expected returns. We can calculate the autocorrelation of China Everbright returns to help us make a trade decision. For example, suppose you find that China Everbright has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Everbright 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 Everbright pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Everbright pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Everbright pink sheet over time.
Current vs Lagged Prices
Timeline
China Everbright Lagged Returns
When evaluating China Everbright's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Everbright pink sheet have on its future price. China Everbright 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 Everbright autocorrelation shows the relationship between China Everbright pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Everbright Ltd.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When running China Everbright's price analysis, check to measure China Everbright's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Everbright is operating at the current time. Most of China Everbright's value examination focuses on studying past and present price action to predict the probability of China Everbright's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Everbright's price. Additionally, you may evaluate how the addition of China Everbright to your portfolios can decrease your overall portfolio volatility.