China Resources (Germany) Market Value
| CHZ Stock | EUR 2.70 0.02 0.74% |
| Symbol | China |
China Resources '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 Resources' stock 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 Resources.
| 10/23/2024 |
| 12/22/2024 |
If you would invest 0.00 in China Resources on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding China Resources Land or generate 0.0% return on investment in China Resources over 60 days. China Resources is related to or competes with DEUTSCHE WOHNEN, CTP NV, SEAZEN GROUP, and Atrium Ljungberg. China Resources Land Limited, an investment holding company, invests, develops, manages, and sells properties in the Peo... More
China Resources 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 Resources' stock 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 Resources Land upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.0614 | |||
| Maximum Drawdown | 24.86 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 6.76 |
China Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Resources' standard deviation. In reality, there are many statistical measures that can use China Resources historical prices to predict the future China Resources' volatility.| Risk Adjusted Performance | 0.0635 | |||
| Jensen Alpha | 0.2385 | |||
| Total Risk Alpha | 0.1427 | |||
| Sortino Ratio | 0.0762 | |||
| Treynor Ratio | 1.04 |
China Resources Land Backtested Returns
China Resources appears to be risky, given 3 months investment horizon. China Resources Land secures Sharpe Ratio (or Efficiency) of 0.0739, which signifies that the company had a 0.0739% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for China Resources Land, which you can use to evaluate the volatility of the firm. Please makes use of China Resources' Risk Adjusted Performance of 0.0635, mean deviation of 2.58, and Downside Deviation of 2.91 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Resources holds a performance score of 5. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Resources is expected to be smaller as well. Please check China Resources' sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether China Resources' price patterns will revert.
Auto-correlation | 0.53 |
Modest predictability
China Resources Land has modest predictability. Overlapping area represents the amount of predictability between China Resources time series from 23rd of October 2024 to 22nd of November 2024 and 22nd of November 2024 to 22nd 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 Resources Land price movement. The serial correlation of 0.53 indicates that about 53.0% of current China Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Resources Land lagged returns against current returns
Autocorrelation, which is China Resources stock'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 Resources' stock expected returns. We can calculate the autocorrelation of China Resources returns to help us make a trade decision. For example, suppose you find that China Resources has exhibited high autocorrelation historically, and you observe that the stock 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 Resources 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 Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Resources stock over time.
Current vs Lagged Prices |
| Timeline |
China Resources Lagged Returns
When evaluating China Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Resources stock have on its future price. China Resources 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 Resources autocorrelation shows the relationship between China Resources stock current value and its past values and can show if there is a momentum factor associated with investing in China Resources Land.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Resources financial ratios help investors to determine whether China Stock 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 Resources security.