China Publishing (China) Market Value
| 601949 Stock | 8.26 0.09 1.10% |
| Symbol | China |
China Publishing '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 Publishing'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 Publishing.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in China Publishing on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding China Publishing Media or generate 0.0% return on investment in China Publishing over 540 days. China Publishing is related to or competes with BYD Co, Agricultural Bank, Industrial, China State, China Construction, PetroChina, and China Petroleum. China Publishing is entity of China. It is traded as Stock on SHG exchange. More
China Publishing 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 Publishing'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 Publishing Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.1117 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (5.84) | |||
| Potential Upside | 7.37 |
China Publishing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Publishing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Publishing's standard deviation. In reality, there are many statistical measures that can use China Publishing historical prices to predict the future China Publishing's volatility.| Risk Adjusted Performance | 0.1193 | |||
| Jensen Alpha | 0.5673 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1092 | |||
| Treynor Ratio | (1.76) |
China Publishing Media Backtested Returns
China Publishing appears to be slightly risky, given 3 months investment horizon. China Publishing Media secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing China Publishing's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please makes use of China Publishing's Mean Deviation of 2.64, risk adjusted performance of 0.1193, and Downside Deviation of 3.82 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Publishing holds a performance score of 14. The firm shows a Beta (market volatility) of -0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Publishing are expected to decrease at a much lower rate. During the bear market, China Publishing is likely to outperform the market. Please check China Publishing's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether China Publishing's price patterns will revert.
Auto-correlation | 0.43 |
Average predictability
China Publishing Media has average predictability. Overlapping area represents the amount of predictability between China Publishing time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Publishing Media price movement. The serial correlation of 0.43 indicates that just about 43.0% of current China Publishing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
China Publishing Media lagged returns against current returns
Autocorrelation, which is China Publishing 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 Publishing's stock expected returns. We can calculate the autocorrelation of China Publishing returns to help us make a trade decision. For example, suppose you find that China Publishing 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 Publishing 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 Publishing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Publishing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Publishing stock over time.
Current vs Lagged Prices |
| Timeline |
China Publishing Lagged Returns
When evaluating China Publishing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Publishing stock have on its future price. China Publishing 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 Publishing autocorrelation shows the relationship between China Publishing stock current value and its past values and can show if there is a momentum factor associated with investing in China Publishing Media.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Publishing 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 Publishing security.