China Eastern Airlines Stock Market Value
| CHEAF Stock | USD 0.35 0.03 9.37% |
| Symbol | China |
China Eastern '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 Eastern'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 Eastern.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in China Eastern on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding China Eastern Airlines or generate 0.0% return on investment in China Eastern over 90 days. China Eastern is related to or competes with Azul SA, Copa Holdings, Volaris, Mesa Air, Delta Air, American Airlines, and Southwest Airlines. China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in t... More
China Eastern 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 Eastern'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 Eastern Airlines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1429 | |||
| Maximum Drawdown | 76.76 | |||
| Potential Upside | 6.67 |
China Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Eastern's standard deviation. In reality, there are many statistical measures that can use China Eastern historical prices to predict the future China Eastern's volatility.| Risk Adjusted Performance | 0.1233 | |||
| Jensen Alpha | 0.7242 | |||
| Total Risk Alpha | 2.17 | |||
| Treynor Ratio | (0.32) |
China Eastern Airlines Backtested Returns
China Eastern is out of control given 3 months investment horizon. China Eastern Airlines 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. We were able to analyze twenty-one different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use China Eastern Risk Adjusted Performance of 0.1233, standard deviation of 8.5, and Mean Deviation of 2.79 to evaluate company specific risk that cannot be diversified away. China Eastern holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -3.5, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning China Eastern are expected to decrease by larger amounts. On the other hand, during market turmoil, China Eastern is expected to outperform it. Use China Eastern variance, treynor ratio, rate of daily change, as well as the relationship between the jensen alpha and kurtosis , to analyze future returns on China Eastern.
Auto-correlation | 0.29 |
Poor predictability
China Eastern Airlines has poor predictability. Overlapping area represents the amount of predictability between China Eastern time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Eastern Airlines price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current China Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Eastern Airlines lagged returns against current returns
Autocorrelation, which is China Eastern 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 Eastern's pink sheet expected returns. We can calculate the autocorrelation of China Eastern returns to help us make a trade decision. For example, suppose you find that China Eastern 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 Eastern 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 Eastern pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Eastern 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 Eastern pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Eastern Lagged Returns
When evaluating China Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Eastern pink sheet have on its future price. China Eastern 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 Eastern autocorrelation shows the relationship between China Eastern pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Eastern Airlines.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Eastern 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 Eastern security.