China Mobile (Taiwan) Market Value
| 00941 Stock | 13.75 0.20 1.43% |
| Symbol | China |
China Mobile '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 Mobile'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 Mobile.
| 10/14/2023 |
| 12/07/2024 |
If you would invest 0.00 in China Mobile on October 14, 2023 and sell it all today you would earn a total of 0.00 from holding China Mobile or generate 0.0% return on investment in China Mobile over 420 days.
China Mobile 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 Mobile'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 Mobile upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.9 |
China Mobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Mobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Mobile's standard deviation. In reality, there are many statistical measures that can use China Mobile historical prices to predict the future China Mobile's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.26) |
China Mobile Backtested Returns
Currently, China Mobile is very steady. China Mobile secures Sharpe Ratio (or Efficiency) of 0.0157, which signifies that the company had a 0.0157% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for China Mobile, which you can use to evaluate the volatility of the firm. Please confirm China Mobile's Standard Deviation of 1.28, mean deviation of 0.8862, and Risk Adjusted Performance of (0.04) to double-check if the risk estimate we provide is consistent with the expected return of 0.0183%. China Mobile has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Mobile's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Mobile is expected to be smaller as well. China Mobile right now shows a risk of 1.17%. Please confirm China Mobile market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if China Mobile will be following its price patterns.
Auto-correlation | -0.58 |
Good reverse predictability
China Mobile has good reverse predictability. Overlapping area represents the amount of predictability between China Mobile time series from 14th of October 2023 to 11th of May 2024 and 11th of May 2024 to 7th 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 Mobile price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current China Mobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
China Mobile lagged returns against current returns
Autocorrelation, which is China Mobile 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 Mobile's stock expected returns. We can calculate the autocorrelation of China Mobile returns to help us make a trade decision. For example, suppose you find that China Mobile 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 Mobile 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 Mobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Mobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Mobile stock over time.
Current vs Lagged Prices |
| Timeline |
China Mobile Lagged Returns
When evaluating China Mobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Mobile stock have on its future price. China Mobile 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 Mobile autocorrelation shows the relationship between China Mobile stock current value and its past values and can show if there is a momentum factor associated with investing in China Mobile.
Regressed Prices |
| Timeline |
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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.Additional Tools for China Stock Analysis
When running China Mobile's price analysis, check to measure China Mobile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Mobile is operating at the current time. Most of China Mobile's value examination focuses on studying past and present price action to predict the probability of China Mobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Mobile's price. Additionally, you may evaluate how the addition of China Mobile to your portfolios can decrease your overall portfolio volatility.