China Fund Fundamentals
| CHN Fund | USD 11.84 0.09 0.77% |
China Fund fundamentals help investors to digest information that contributes to China Fund's financial success or failures. It also enables traders to predict the movement of China Fund. The fundamental analysis module provides a way to measure China Fund's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to China Fund fund.
China |
China Fund Fund Beta Analysis
China Fund's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current China Fund Beta | 0.41 |
Most of China Fund's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, China Fund is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, China Fund has a Beta of 0.41. This is much higher than that of the Financial Services family and significantly higher than that of the Asset Management category. The beta for all United States funds is notably lower than that of the firm.
China Fund Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining China Fund's current stock value. Our valuation model uses many indicators to compare China Fund value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across China Fund competition to find correlations between indicators driving China Fund's intrinsic value. More Info.China Fund is rated below average in price to earning among similar funds. It is rated below average in price to book among similar funds fabricating about 0.07 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for China Fund is roughly 13.89 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the China Fund's earnings, one of the primary drivers of an investment's value.China Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses China Fund's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the funds which would be a good addition to a portfolio. Peer analysis of China Fund could also be used in its relative valuation, which is a method of valuing China Fund by comparing valuation metrics of similar companies.China Fund is currently under evaluation in beta among similar funds.
As returns on the market increase, China Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Fund is expected to be smaller as well.
China Fundamentals
| Return On Equity | -43.62 | ||||
| Return On Asset | 0.21 | ||||
| Operating Margin | 22.49 % | ||||
| Current Valuation | 123.74 M | ||||
| Shares Outstanding | 10.44 M | ||||
| Shares Owned By Insiders | 0.66 % | ||||
| Shares Owned By Institutions | 71.01 % | ||||
| Number Of Shares Shorted | 3.91 K | ||||
| Price To Earning | 11.11 X | ||||
| Price To Book | 0.80 X | ||||
| Price To Sales | 32.73 X | ||||
| Revenue | 3.83 M | ||||
| Gross Profit | 4.07 M | ||||
| Net Income | (108.24 M) | ||||
| Cash And Equivalents | 38.13 K | ||||
| Total Debt | 2.26 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 0.07 X | ||||
| Book Value Per Share | 15.03 X | ||||
| Cash Flow From Operations | 61.48 M | ||||
| Short Ratio | 0.09 X | ||||
| Earnings Per Share | 1.08 X | ||||
| Number Of Employees | 12 | ||||
| Beta | 0.41 | ||||
| Market Capitalization | 145.9 M | ||||
| Total Asset | 437.87 M | ||||
| Retained Earnings | 14.16 M | ||||
| Annual Yield | 0 % | ||||
| Year To Date Return | 18.44 % | ||||
| One Year Return | 14.69 % | ||||
| Three Year Return | (11.39) % | ||||
| Five Year Return | (0.72) % | ||||
| Last Dividend Paid | 0.04 |
About China Fund Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze China Fund's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of China Fund using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of China Fund based on its fundamental data. In general, a quantitative approach, as applied to this fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.The China Fund, Inc. is a closed ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. It invests in the public equity markets of China that includes the Peoples Republic of China, Hong Kong, and Taiwan. The fund invests in stocks of companies operating across diversified sectors. It employs a combination of fundamental analysis with bottom-up approach and quantitative analysis to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the MSCI Golden Dragon Index. The China Fund, Inc. was formed on April 28, 1992 and is domiciled in the United States.
Pair Trading with China Fund
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Fund position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Fund will appreciate offsetting losses from the drop in the long position's value.Moving against China Fund
The ability to find closely correlated positions to China Fund could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Fund when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Fund - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Fund to buy it.
The correlation of China Fund is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Fund moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Fund moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Fund can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in China Fund
China Fund financial ratios help investors to determine whether China Fund 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 Fund security.
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