China CYTS (China) Market Value
| 600138 Stock | 10.55 0.12 1.15% |
| Symbol | China |
China CYTS '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 CYTS'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 CYTS.
| 11/27/2024 |
| 12/27/2024 |
If you would invest 0.00 in China CYTS on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding China CYTS Tours or generate 0.0% return on investment in China CYTS over 30 days. China CYTS is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. China CYTS is entity of China. It is traded as Stock on SHG exchange. More
China CYTS 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 CYTS'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 CYTS Tours upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.17 | |||
| Information Ratio | 0.0819 | |||
| Maximum Drawdown | 17.69 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 3.71 |
China CYTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China CYTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China CYTS's standard deviation. In reality, there are many statistical measures that can use China CYTS historical prices to predict the future China CYTS's volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | 0.2086 | |||
| Total Risk Alpha | 0.1038 | |||
| Sortino Ratio | 0.0832 | |||
| Treynor Ratio | 0.6221 |
China CYTS Tours Backtested Returns
China CYTS Tours secures Sharpe Ratio (or Efficiency) of -0.0475, which signifies that the company had a -0.0475% return per unit of risk over the last 3 months. China CYTS Tours exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China CYTS's Downside Deviation of 2.17, mean deviation of 1.43, and Risk Adjusted Performance of 0.0906 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China CYTS's returns are expected to increase less than the market. However, during the bear market, the loss of holding China CYTS is expected to be smaller as well. At this point, China CYTS Tours has a negative expected return of -0.0871%. Please make sure to confirm China CYTS's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if China CYTS Tours performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.45 |
Modest reverse predictability
China CYTS Tours has modest reverse predictability. Overlapping area represents the amount of predictability between China CYTS time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 CYTS Tours price movement. The serial correlation of -0.45 indicates that just about 45.0% of current China CYTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
China CYTS Tours lagged returns against current returns
Autocorrelation, which is China CYTS 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 CYTS's stock expected returns. We can calculate the autocorrelation of China CYTS returns to help us make a trade decision. For example, suppose you find that China CYTS 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 CYTS 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 CYTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China CYTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China CYTS stock over time.
Current vs Lagged Prices |
| Timeline |
China CYTS Lagged Returns
When evaluating China CYTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China CYTS stock have on its future price. China CYTS 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 CYTS autocorrelation shows the relationship between China CYTS stock current value and its past values and can show if there is a momentum factor associated with investing in China CYTS Tours.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China CYTS 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 CYTS security.