China Tower's market value is the price at which a share of China Tower trades on a public exchange. It measures the collective expectations of China Tower investors about its performance. China Tower is trading at 0.14 as of the 31st of December 2024. This is a 6.67 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.14. With this module, you can estimate the performance of a buy and hold strategy of China Tower and determine expected loss or profit from investing in China Tower over a given investment horizon. Check out China Tower Correlation, China Tower Volatility and China Tower Alpha and Beta module to complement your research on China Tower.
Please note, there is a significant difference between China Tower's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Tower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Tower'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 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.
0.00
01/11/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/31/2024
0.00
If you would invest 0.00 in China Tower on January 11, 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 720 days. China Tower is related to or competes with Singapore Telecommunicatio, Vodafone Group, PT Indosat, KDDI Corp, Airtel Africa, Consolidated Communications, and KORE Group. 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.
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.
China Tower appears to be out of control, given 3 months investment horizon. China Tower secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing China Tower's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of China Tower's Risk Adjusted Performance of 0.0745, downside deviation of 9.22, and Mean Deviation of 2.76 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Tower holds a performance score of 9. The firm shows a Beta (market volatility) of -1.14, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning China Tower are expected to decrease slowly. On the other hand, during market turmoil, China Tower is expected to outperform it slightly. Please check China Tower's total risk alpha and the relationship between the potential upside and price action indicator , to make a quick decision on whether China Tower's price patterns will revert.
Auto-correlation
-0.25
Weak reverse predictability
China Tower has weak reverse predictability. Overlapping area represents the amount of predictability between China Tower time series from 11th of January 2023 to 6th of January 2024 and 6th of January 2024 to 31st of December 2024. 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 -0.25 indicates that over 25.0% of current China Tower price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.25
Spearman Rank Test
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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.
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.