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 Beer investors about its performance. China Resources is trading at 3.10 as of the 8th of January 2025. This is a 18.77 percent increase since the beginning of the trading day. The stock's lowest day price was 3.1. With this module, you can estimate the performance of a buy and hold strategy of China Resources Beer 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' 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 Resources.
0.00
07/12/2024
No Change 0.00
0.0
In 5 months and 30 days
01/08/2025
0.00
If you would invest 0.00 in China Resources on July 12, 2024 and sell it all today you would earn a total of 0.00 from holding China Resources Beer or generate 0.0% return on investment in China Resources over 180 days. China Resources is related to or competes with Tsingtao Brewery, Budweiser Brewing, Boston Beer, Anheuser Busch, Heineken, Compania Cervecerias, and Heineken. China Resources Beer Company Limited, an investment holding company, manufactures, distributes, and sells beer products 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' 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 Resources Beer 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 appears to be moderately volatile, given 3 months investment horizon. China Resources Beer secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found eighteen technical indicators for China Resources Beer, which you can use to evaluate the volatility of the firm. Please makes use of China Resources' Risk Adjusted Performance of 0.1061, standard deviation of 2.31, and Mean Deviation of 0.5603 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 9. The firm shows a Beta (market volatility) of -0.0388, which signifies not very significant fluctuations relative to the market. 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. Please check China Resources' jensen alpha, as well as the relationship between the rate of daily change and period momentum indicator , to make a quick decision on whether China Resources' price patterns will revert.
Auto-correlation
-0.15
Insignificant reverse predictability
China Resources Beer has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Resources time series from 12th of July 2024 to 10th of October 2024 and 10th of October 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 Beer price movement. The serial correlation of -0.15 indicates that less than 15.0% of current China Resources price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.15
Spearman Rank Test
-0.61
Residual Average
0.0
Price Variance
0.01
China Resources Beer lagged returns against current returns
Autocorrelation, which is China Resources 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 Resources' pink sheet 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 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 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Resources 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 Resources pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Resources Beer.
Other Information on Investing in China Pink Sheet
China Resources 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 Resources security.