China Mobile (Taiwan) Market Value

00941 Stock   13.79  0.04  0.29%   
China Mobile's market value is the price at which a share of China Mobile trades on a public exchange. It measures the collective expectations of China Mobile investors about its performance. China Mobile is selling for under 13.79 as of the 9th of December 2024; that is 0.29 percent increase since the beginning of the trading day. The stock's last reported lowest price was 13.75.
With this module, you can estimate the performance of a buy and hold strategy of China Mobile and determine expected loss or profit from investing in China Mobile over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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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.
0.00
10/16/2023
No Change 0.00  0.0 
In 1 year 1 month and 25 days
12/09/2024
0.00
If you would invest  0.00  in China Mobile on October 16, 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.

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.

China Mobile Backtested Returns

Currently, China Mobile is very steady. China Mobile secures Sharpe Ratio (or Efficiency) of 0.0175, which signifies that the company had a 0.0175% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Mobile, which you can use to evaluate the volatility of the firm. Please confirm China Mobile's Downside Deviation of 1.13, risk adjusted performance of 0.0165, and Mean Deviation of 0.8253 to double-check if the risk estimate we provide is consistent with the expected return of 0.0203%. China Mobile has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.32, 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 1.16%. Please confirm China Mobile semi deviation, coefficient of variation, and the relationship between the mean deviation and downside 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 16th of October 2023 to 13th of May 2024 and 13th of May 2024 to 9th 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 Average0.0
Price Variance0.09

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.