China Communications (Germany) Market Value

CYY Stock  EUR 0.61  0.14  29.79%   
China Communications' market value is the price at which a share of China Communications trades on a public exchange. It measures the collective expectations of China Communications Construction investors about its performance. China Communications is trading at 0.61 as of the 5th of December 2024. This is a 29.79 percent increase since the beginning of the trading day. The stock's lowest day price was 0.61.
With this module, you can estimate the performance of a buy and hold strategy of China Communications Construction and determine expected loss or profit from investing in China Communications over a given investment horizon. Check out China Communications Correlation, China Communications Volatility and China Communications Alpha and Beta module to complement your research on China Communications.
Symbol

Please note, there is a significant difference between China Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if China Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Communications' 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 Communications '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 Communications' 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 Communications.
0.00
12/16/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/05/2024
0.00
If you would invest  0.00  in China Communications on December 16, 2022 and sell it all today you would earn a total of 0.00 from holding China Communications Construction or generate 0.0% return on investment in China Communications over 720 days. China Communications is related to or competes with PICKN PAY, Perma-Fix Environmental, Vastned Retail, Reliance Steel, and Steel Dynamics. China Communications Construction Company Limited, together with its subsidiaries, engages in the infrastructure constru... More

China Communications 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 Communications' 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 Communications Construction upside and downside potential and time the market with a certain degree of confidence.

China Communications Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for China Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Communications' standard deviation. In reality, there are many statistical measures that can use China Communications historical prices to predict the future China Communications' volatility.
Hype
Prediction
LowEstimatedHigh
0.030.616.54
Details
Intrinsic
Valuation
LowRealHigh
0.020.496.42
Details
Naive
Forecast
LowNextHigh
0.010.506.44
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.490.560.63
Details

China Communications Backtested Returns

China Communications appears to be out of control, given 3 months investment horizon. China Communications secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing China Communications' technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please makes use of China Communications' Risk Adjusted Performance of 0.153, mean deviation of 2.98, and Downside Deviation of 5.09 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Communications holds a performance score of 15. The firm shows a Beta (market volatility) of -0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Communications are expected to decrease at a much lower rate. During the bear market, China Communications is likely to outperform the market. Please check China Communications' sortino ratio, potential upside, and the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether China Communications' price patterns will revert.

Auto-correlation

    
  0.84  

Very good predictability

China Communications Construction has very good predictability. Overlapping area represents the amount of predictability between China Communications time series from 16th of December 2022 to 11th of December 2023 and 11th of December 2023 to 5th 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 Communications price movement. The serial correlation of 0.84 indicates that around 84.0% of current China Communications price fluctuation can be explain by its past prices.
Correlation Coefficient0.84
Spearman Rank Test0.77
Residual Average0.0
Price Variance0.02

China Communications lagged returns against current returns

Autocorrelation, which is China Communications 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 Communications' stock expected returns. We can calculate the autocorrelation of China Communications returns to help us make a trade decision. For example, suppose you find that China Communications 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 Communications 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 Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Communications stock over time.
   Current vs Lagged Prices   
       Timeline  

China Communications Lagged Returns

When evaluating China Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Communications stock have on its future price. China Communications 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 Communications autocorrelation shows the relationship between China Communications stock current value and its past values and can show if there is a momentum factor associated with investing in China Communications Construction.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in China Stock

China Communications 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 Communications security.