China Tower Stock Market Value
| CHWRF Stock | USD 0.14 0.01 6.67% |
| Symbol | China |
China Tower '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 Tower'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 Tower.
| 03/15/2023 |
| 01/03/2025 |
If you would invest 0.00 in China Tower on March 15, 2023 and sell it all today you would earn a total of 0.00 from holding China Tower or generate 0.0% return on investment in China Tower over 660 days. China Tower is related to or competes with Singapore Telecommunicatio, Vodafone Group, PT Indosat, KDDI Corp, Airtel Africa, KORE Group, and Cogent Communications. China Tower Corporation Limited provides telecommunication tower infrastructure services in the Peoples Republic of Chin... More
China Tower 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 Tower'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 Tower upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 8.05 | |||
| Information Ratio | 0.1135 | |||
| Maximum Drawdown | 55.06 | |||
| Value At Risk | (7.14) | |||
| Potential Upside | 8.33 |
China Tower Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Tower's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Tower's standard deviation. In reality, there are many statistical measures that can use China Tower historical prices to predict the future China Tower's volatility.| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.7613 | |||
| Total Risk Alpha | 0.7473 | |||
| Sortino Ratio | 0.0943 | |||
| Treynor Ratio | (2.24) |
China Tower Backtested Returns
At this point, China Tower is out of control. China Tower secures Sharpe Ratio (or Efficiency) of 0.0165, which signifies that the company had a 0.0165% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Tower, which you can use to evaluate the volatility of the firm. Please confirm China Tower's Risk Adjusted Performance of 0.1016, mean deviation of 2.71, and Downside Deviation of 8.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0555%. China Tower has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Tower are expected to decrease at a much lower rate. During the bear market, China Tower is likely to outperform the market. China Tower right now shows a risk of 3.36%. Please confirm China Tower total risk alpha and the relationship between the potential upside and price action indicator , to decide if China Tower will be following its price patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
China Tower has very weak reverse predictability. Overlapping area represents the amount of predictability between China Tower time series from 15th of March 2023 to 8th of February 2024 and 8th of February 2024 to 3rd 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 Tower price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current China Tower price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Tower lagged returns against current returns
Autocorrelation, which is China Tower 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 Tower's pink sheet expected returns. We can calculate the autocorrelation of China Tower returns to help us make a trade decision. For example, suppose you find that China Tower 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 Tower 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 Tower pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Tower 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 Tower pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Tower Lagged Returns
When evaluating China Tower's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Tower pink sheet have on its future price. China Tower 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 Tower autocorrelation shows the relationship between China Tower pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Tower.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Pink Sheet
China Tower 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 Tower security.