China Gas' market value is the price at which a share of China Gas trades on a public exchange. It measures the collective expectations of China Gas Holdings investors about its performance. China Gas is trading at 0.85 as of the 5th of January 2025. This is a No Change since the beginning of the trading day. The stock's lowest day price was 0.85. With this module, you can estimate the performance of a buy and hold strategy of China Gas Holdings and determine expected loss or profit from investing in China Gas over a given investment horizon. Check out China Gas Correlation, China Gas Volatility and China Gas Alpha and Beta module to complement your research on China Gas.
Please note, there is a significant difference between China Gas' value and its price as these two are different measures arrived at by different means. Investors typically determine if China Gas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Gas' 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 Gas '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 Gas' 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 Gas.
0.00
01/16/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/05/2025
0.00
If you would invest 0.00 in China Gas on January 16, 2023 and sell it all today you would earn a total of 0.00 from holding China Gas Holdings or generate 0.0% return on investment in China Gas over 720 days. China Gas is related to or competes with WK Kellogg, Chart Industries, CECO Environmental, Lifevantage, Grocery Outlet, Jacobs Solutions, and Willamette Valley. China Gas Holdings Limited operates as a gas operator and service provider in the Peoples Republic of China More
China Gas 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 Gas' 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 Gas Holdings 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 Gas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Gas' standard deviation. In reality, there are many statistical measures that can use China Gas historical prices to predict the future China Gas' volatility.
At this point, China Gas is out of control. China Gas Holdings secures Sharpe Ratio (or Efficiency) of 0.0561, which signifies that the company had a 0.0561% return per unit of risk over the last 3 months. We have found eighteen technical indicators for China Gas Holdings, which you can use to evaluate the volatility of the firm. Please confirm China Gas' Mean Deviation of 0.8741, standard deviation of 2.66, and Risk Adjusted Performance of 0.0525 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. China Gas has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0511, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Gas is expected to be smaller as well. China Gas Holdings right now shows a risk of 2.66%. Please confirm China Gas Holdings jensen alpha, as well as the relationship between the skewness and day typical price , to decide if China Gas Holdings will be following its price patterns.
Auto-correlation
0.38
Below average predictability
China Gas Holdings has below average predictability. Overlapping area represents the amount of predictability between China Gas time series from 16th of January 2023 to 11th of January 2024 and 11th of January 2024 to 5th 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 Gas Holdings price movement. The serial correlation of 0.38 indicates that just about 38.0% of current China Gas price fluctuation can be explain by its past prices.
Correlation Coefficient
0.38
Spearman Rank Test
0.46
Residual Average
0.0
Price Variance
0.0
China Gas Holdings lagged returns against current returns
Autocorrelation, which is China Gas 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 Gas' pink sheet expected returns. We can calculate the autocorrelation of China Gas returns to help us make a trade decision. For example, suppose you find that China Gas 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 Gas 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 Gas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Gas 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 Gas pink sheet over time.
Current vs Lagged Prices
Timeline
China Gas Lagged Returns
When evaluating China Gas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Gas pink sheet have on its future price. China Gas 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 Gas autocorrelation shows the relationship between China Gas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Gas Holdings.
Other Information on Investing in China Pink Sheet
China Gas financial ratios help investors to determine whether China Pink Sheet 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 Gas security.