China Oilfield (Germany) Market Value
| CO9 Stock | EUR 0.80 0.01 1.27% |
| Symbol | China |
China Oilfield '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 Oilfield's 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 Oilfield.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in China Oilfield on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding China Oilfield Services or generate 0.0% return on investment in China Oilfield over 30 days. China Oilfield is related to or competes with Schlumberger, Halliburton, Halliburton, Baker Hughes, Tenaris SA, NOV, and ChampionX. China Oilfield Services Limited, together with its subsidiaries, provides integrated offshore oilfield services in Mainl... More
China Oilfield 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 Oilfield's 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 Oilfield Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.0299 | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 7.14 |
China Oilfield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Oilfield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Oilfield's standard deviation. In reality, there are many statistical measures that can use China Oilfield historical prices to predict the future China Oilfield's volatility.| Risk Adjusted Performance | 0.0396 | |||
| Jensen Alpha | 0.1171 | |||
| Total Risk Alpha | 0.0252 | |||
| Sortino Ratio | 0.0297 | |||
| Treynor Ratio | (4.10) |
China Oilfield Services Backtested Returns
At this point, China Oilfield is dangerous. China Oilfield Services secures Sharpe Ratio (or Efficiency) of 0.0279, which signifies that the company had a 0.0279% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for China Oilfield Services, which you can use to evaluate the volatility of the firm. Please confirm China Oilfield's Mean Deviation of 2.18, risk adjusted performance of 0.0396, and Downside Deviation of 3.14 to double-check if the risk estimate we provide is consistent with the expected return of 0.0865%. China Oilfield has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0284, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Oilfield are expected to decrease at a much lower rate. During the bear market, China Oilfield is likely to outperform the market. China Oilfield Services right now shows a risk of 3.1%. Please confirm China Oilfield Services downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if China Oilfield Services will be following its price patterns.
Auto-correlation | 0.22 |
Weak predictability
China Oilfield Services has weak predictability. Overlapping area represents the amount of predictability between China Oilfield time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Oilfield Services price movement. The serial correlation of 0.22 indicates that over 22.0% of current China Oilfield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Oilfield Services lagged returns against current returns
Autocorrelation, which is China Oilfield 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 Oilfield's stock expected returns. We can calculate the autocorrelation of China Oilfield returns to help us make a trade decision. For example, suppose you find that China Oilfield 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 Oilfield 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 Oilfield stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Oilfield stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Oilfield stock over time.
Current vs Lagged Prices |
| Timeline |
China Oilfield Lagged Returns
When evaluating China Oilfield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Oilfield stock have on its future price. China Oilfield 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 Oilfield autocorrelation shows the relationship between China Oilfield stock current value and its past values and can show if there is a momentum factor associated with investing in China Oilfield Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Oilfield 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 Oilfield security.