China Minmetals (China) Market Value
| 000831 Stock | 30.40 0.58 1.87% |
| Symbol | China |
China Minmetals '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 Minmetals' 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 Minmetals.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in China Minmetals on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding China Minmetals Rare or generate 0.0% return on investment in China Minmetals over 30 days. China Minmetals is related to or competes with Zijin Mining, and Rongsheng Petrochemical. China Minmetals is entity of China. It is traded as Stock on SHE exchange. More
China Minmetals 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 Minmetals' 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 Minmetals Rare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | 0.1196 | |||
| Maximum Drawdown | 19.93 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 7.24 |
China Minmetals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Minmetals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Minmetals' standard deviation. In reality, there are many statistical measures that can use China Minmetals historical prices to predict the future China Minmetals' volatility.| Risk Adjusted Performance | 0.1269 | |||
| Jensen Alpha | 0.6402 | |||
| Total Risk Alpha | 0.0071 | |||
| Sortino Ratio | 0.1209 | |||
| Treynor Ratio | (0.58) |
China Minmetals Rare Backtested Returns
China Minmetals appears to be not too volatile, given 3 months investment horizon. China Minmetals Rare secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing China Minmetals' technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please makes use of China Minmetals' Mean Deviation of 2.54, risk adjusted performance of 0.1269, and Downside Deviation of 3.46 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Minmetals holds a performance score of 13. The firm shows a Beta (market volatility) of -0.92, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning China Minmetals are expected to decrease slowly. On the other hand, during market turmoil, China Minmetals is expected to outperform it slightly. Please check China Minmetals' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether China Minmetals' price patterns will revert.
Auto-correlation | -0.45 |
Modest reverse predictability
China Minmetals Rare has modest reverse predictability. Overlapping area represents the amount of predictability between China Minmetals time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Minmetals Rare price movement. The serial correlation of -0.45 indicates that just about 45.0% of current China Minmetals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
China Minmetals Rare lagged returns against current returns
Autocorrelation, which is China Minmetals 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 Minmetals' stock expected returns. We can calculate the autocorrelation of China Minmetals returns to help us make a trade decision. For example, suppose you find that China Minmetals 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 Minmetals 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 Minmetals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Minmetals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Minmetals stock over time.
Current vs Lagged Prices |
| Timeline |
China Minmetals Lagged Returns
When evaluating China Minmetals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Minmetals stock have on its future price. China Minmetals 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 Minmetals autocorrelation shows the relationship between China Minmetals stock current value and its past values and can show if there is a momentum factor associated with investing in China Minmetals Rare.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in China Stock
China Minmetals 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 Minmetals security.