China Water (Germany) Market Value
| CUBB Stock | EUR 0.59 0.01 1.67% |
| Symbol | China |
China Water '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 Water'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 Water.
| 07/23/2024 |
| 12/20/2024 |
If you would invest 0.00 in China Water on July 23, 2024 and sell it all today you would earn a total of 0.00 from holding China Water Affairs or generate 0.0% return on investment in China Water over 150 days. China Water is related to or competes with United Utilities, Superior Plus, SIVERS SEMICONDUCTORS, Reliance Steel, RYOHIN UNSPADR1, and Vanguard Funds. China Water Affairs Group Limited, an investment holding company, engages in the water supply, sewage treatment, and pro... More
China Water 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 Water'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 Water Affairs upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.1417 | |||
| Maximum Drawdown | 47.67 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.77 |
China Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Water's standard deviation. In reality, there are many statistical measures that can use China Water historical prices to predict the future China Water's volatility.| Risk Adjusted Performance | 0.1258 | |||
| Jensen Alpha | 0.8336 | |||
| Total Risk Alpha | 0.67 | |||
| Sortino Ratio | 0.218 | |||
| Treynor Ratio | 3.11 |
China Water Affairs Backtested Returns
China Water appears to be out of control, given 3 months investment horizon. China Water Affairs secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing China Water's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please makes use of China Water's Risk Adjusted Performance of 0.1258, downside deviation of 3.75, and Mean Deviation of 3.04 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Water holds a performance score of 11. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Water's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Water is expected to be smaller as well. Please check China Water's downside deviation, information ratio, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether China Water's price patterns will revert.
Auto-correlation | 0.60 |
Good predictability
China Water Affairs has good predictability. Overlapping area represents the amount of predictability between China Water time series from 23rd of July 2024 to 6th of October 2024 and 6th of October 2024 to 20th 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 Water Affairs price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current China Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Water Affairs lagged returns against current returns
Autocorrelation, which is China Water 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 Water's stock expected returns. We can calculate the autocorrelation of China Water returns to help us make a trade decision. For example, suppose you find that China Water 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 Water 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 Water stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Water stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Water stock over time.
Current vs Lagged Prices |
| Timeline |
China Water Lagged Returns
When evaluating China Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Water stock have on its future price. China Water 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 Water autocorrelation shows the relationship between China Water stock current value and its past values and can show if there is a momentum factor associated with investing in China Water Affairs.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Water 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 Water security.