China Resources' market value is the price at which a share of China Resources trades on a public exchange. It measures the collective expectations of China Resources Land investors about its performance. China Resources is trading at 2.68 as of the 8th of January 2025. This is a 2.9 percent decrease since the beginning of the trading day. The stock's lowest day price was 2.68. With this module, you can estimate the performance of a buy and hold strategy of China Resources Land and determine expected loss or profit from investing in China Resources over a given investment horizon. Check out China Resources Correlation, China Resources Volatility and China Resources Alpha and Beta module to complement your research on China Resources.
Please note, there is a significant difference between China Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if China Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Resources' 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 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.
0.00
12/09/2024
No Change 0.00
0.0
In 31 days
01/08/2025
0.00
If you would invest 0.00 in China Resources on December 9, 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 30 days. China Resources is related to or competes with Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, Talanx AG, NorAm Drilling, Identiv, and INTUITIVE SURGICAL. 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.
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.
China Resources Land secures Sharpe Ratio (or Efficiency) of -0.0428, which signifies that the company had a -0.0428% return per unit of risk over the last 3 months. China Resources Land exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Resources' Standard Deviation of 2.73, mean deviation of 2.05, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Resources are expected to decrease at a much lower rate. During the bear market, China Resources is likely to outperform the market. At this point, China Resources Land has a negative expected return of -0.1%. Please make sure to confirm China Resources' variance, treynor ratio, daily balance of power, as well as the relationship between the jensen alpha and skewness , to decide if China Resources Land performance from the past will be repeated at some point in the near future.
Auto-correlation
0.21
Weak predictability
China Resources Land has weak predictability. Overlapping area represents the amount of predictability between China Resources time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Resources Land price movement. The serial correlation of 0.21 indicates that over 21.0% of current China Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
0.21
Spearman Rank Test
0.18
Residual Average
0.0
Price Variance
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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.
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.