China Great (China) Market Value
| 002939 Stock | 8.45 0.07 0.82% |
| Symbol | China |
China Great '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 Great'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 Great.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in China Great on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding China Great Wall or generate 0.0% return on investment in China Great over 30 days. China Great is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, BYD Co, Beijing Roborock, Anhui Gujing, and Anhui Gujing. China Great is entity of China. It is traded as Stock on SHE exchange. More
China Great 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 Great'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 Great Wall upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.1046 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 6.33 |
China Great Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Great's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Great's standard deviation. In reality, there are many statistical measures that can use China Great historical prices to predict the future China Great's volatility.| Risk Adjusted Performance | 0.1024 | |||
| Jensen Alpha | 0.3598 | |||
| Total Risk Alpha | 0.2285 | |||
| Sortino Ratio | 0.1246 | |||
| Treynor Ratio | 1.99 |
China Great Wall Backtested Returns
At this point, China Great is slightly risky. China Great Wall secures Sharpe Ratio (or Efficiency) of 0.024, which signifies that the company had a 0.024% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Great Wall, which you can use to evaluate the volatility of the firm. Please confirm China Great's Risk Adjusted Performance of 0.1024, downside deviation of 2.66, and Mean Deviation of 2.05 to double-check if the risk estimate we provide is consistent with the expected return of 0.0715%. China Great has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Great's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Great is expected to be smaller as well. China Great Wall right now shows a risk of 2.98%. Please confirm China Great Wall semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if China Great Wall will be following its price patterns.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
China Great Wall has almost perfect reverse predictability. Overlapping area represents the amount of predictability between China Great time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Great Wall price movement. The serial correlation of -0.74 indicates that around 74.0% of current China Great price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
China Great Wall lagged returns against current returns
Autocorrelation, which is China Great 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 Great's stock expected returns. We can calculate the autocorrelation of China Great returns to help us make a trade decision. For example, suppose you find that China Great 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 Great 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 Great stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Great stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Great stock over time.
Current vs Lagged Prices |
| Timeline |
China Great Lagged Returns
When evaluating China Great's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Great stock have on its future price. China Great 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 Great autocorrelation shows the relationship between China Great stock current value and its past values and can show if there is a momentum factor associated with investing in China Great Wall.
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 Great 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 Great security.