China Petroleum (China) Market Value
| 600028 Stock | 6.40 0.02 0.31% |
| Symbol | China |
China Petroleum '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 Petroleum'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 Petroleum.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in China Petroleum on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding China Petroleum Chemical or generate 0.0% return on investment in China Petroleum over 30 days. China Petroleum is related to or competes with Lootom Telcovideo, Miracll Chemicals, Henan Shuanghui, Do-Fluoride Chemicals, Bomesc Offshore, Kunwu Jiuding, and Shenzhen Centralcon. China Petroleum is entity of China. It is traded as Stock on SHG exchange. More
China Petroleum 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 Petroleum'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 Petroleum Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.77 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 4.21 |
China Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Petroleum's standard deviation. In reality, there are many statistical measures that can use China Petroleum historical prices to predict the future China Petroleum's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.42) |
China Petroleum Chemical Backtested Returns
China Petroleum Chemical secures Sharpe Ratio (or Efficiency) of -0.064, which signifies that the company had a -0.064% return per unit of risk over the last 3 months. China Petroleum Chemical exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Petroleum's Risk Adjusted Performance of (0.01), standard deviation of 2.03, and Mean Deviation of 1.43 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Petroleum is expected to be smaller as well. At this point, China Petroleum Chemical has a negative expected return of -0.13%. Please make sure to confirm China Petroleum's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if China Petroleum Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
China Petroleum Chemical has weak reverse predictability. Overlapping area represents the amount of predictability between China Petroleum 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 Petroleum Chemical price movement. The serial correlation of -0.25 indicates that over 25.0% of current China Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Petroleum Chemical lagged returns against current returns
Autocorrelation, which is China Petroleum 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 Petroleum's stock expected returns. We can calculate the autocorrelation of China Petroleum returns to help us make a trade decision. For example, suppose you find that China Petroleum 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 Petroleum 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 Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
China Petroleum Lagged Returns
When evaluating China Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Petroleum stock have on its future price. China Petroleum 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 Petroleum autocorrelation shows the relationship between China Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in China Petroleum Chemical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Petroleum 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 Petroleum security.