China Fund (China) Market Value
| 508028 Stock | 10.44 0.18 1.75% |
| Symbol | China |
Please note, there is a significant difference between China Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Fund's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
China Fund '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 Fund'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 Fund.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in China Fund on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding China Fund Management or generate 0.0% return on investment in China Fund over 30 days. China Fund is related to or competes with Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, Contemporary Amperex, and China Life. China Fund is entity of China. It is traded as Stock on SHG exchange. More
China Fund 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 Fund'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 Fund Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4377 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.89 | |||
| Value At Risk | (0.69) | |||
| Potential Upside | 0.8982 |
China Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Fund's standard deviation. In reality, there are many statistical measures that can use China Fund historical prices to predict the future China Fund's volatility.| Risk Adjusted Performance | 0.0464 | |||
| Jensen Alpha | 0.0326 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.29) |
China Fund Management Backtested Returns
At this point, China Fund is very steady. China Fund Management secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Fund Management, which you can use to evaluate the volatility of the firm. Please confirm China Fund's Risk Adjusted Performance of 0.0464, downside deviation of 0.4377, and Mean Deviation of 0.3109 to double-check if the risk estimate we provide is consistent with the expected return of 0.0645%. China Fund has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.081, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Fund are expected to decrease at a much lower rate. During the bear market, China Fund is likely to outperform the market. China Fund Management right now shows a risk of 0.48%. Please confirm China Fund Management downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if China Fund Management will be following its price patterns.
Auto-correlation | -0.56 |
Good reverse predictability
China Fund Management has good reverse predictability. Overlapping area represents the amount of predictability between China Fund time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Fund Management price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current China Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
China Fund Management lagged returns against current returns
Autocorrelation, which is China Fund 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 Fund's stock expected returns. We can calculate the autocorrelation of China Fund returns to help us make a trade decision. For example, suppose you find that China Fund 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 Fund 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 Fund stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Fund stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Fund stock over time.
Current vs Lagged Prices |
| Timeline |
China Fund Lagged Returns
When evaluating China Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Fund stock have on its future price. China Fund 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 Fund autocorrelation shows the relationship between China Fund stock current value and its past values and can show if there is a momentum factor associated with investing in China Fund Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Fund 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 Fund security.