Eastern Communications (China) Market Value
| 900941 Stock | 0.43 0.01 2.38% |
| Symbol | Eastern |
Eastern Communications '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 Eastern Communications' 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 Eastern Communications.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Eastern Communications on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Eastern Communications Co or generate 0.0% return on investment in Eastern Communications over 30 days. Eastern Communications is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, China Construction, and Bank of China. Eastern Communications is entity of China More
Eastern Communications 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 Eastern Communications' 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 Eastern Communications Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.1088 | |||
| Maximum Drawdown | 12.89 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.56 |
Eastern Communications Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eastern Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eastern Communications' standard deviation. In reality, there are many statistical measures that can use Eastern Communications historical prices to predict the future Eastern Communications' volatility.| Risk Adjusted Performance | 0.1284 | |||
| Jensen Alpha | 0.3861 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0819 | |||
| Treynor Ratio | 1.27 |
Eastern Communications Backtested Returns
Eastern Communications appears to be abnormally volatile, given 3 months investment horizon. Eastern Communications secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Eastern Communications Co, which you can use to evaluate the volatility of the firm. Please utilize Eastern Communications' Coefficient Of Variation of 631.19, mean deviation of 2.05, and Downside Deviation of 3.69 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eastern Communications holds a performance score of 13. The firm shows a Beta (market volatility) of 0.34, which means possible diversification benefits within a given portfolio. As returns on the market increase, Eastern Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Eastern Communications is expected to be smaller as well. Please check Eastern Communications' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Eastern Communications' price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Eastern Communications Co has below average predictability. Overlapping area represents the amount of predictability between Eastern Communications time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Eastern Communications price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Eastern Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Eastern Communications lagged returns against current returns
Autocorrelation, which is Eastern Communications 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 Eastern Communications' stock expected returns. We can calculate the autocorrelation of Eastern Communications returns to help us make a trade decision. For example, suppose you find that Eastern Communications 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 |
Eastern Communications 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 Eastern Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eastern Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eastern Communications stock over time.
Current vs Lagged Prices |
| Timeline |
Eastern Communications Lagged Returns
When evaluating Eastern Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eastern Communications stock have on its future price. Eastern Communications 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, Eastern Communications autocorrelation shows the relationship between Eastern Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Eastern Communications Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Eastern Stock
Eastern Communications financial ratios help investors to determine whether Eastern 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 Eastern with respect to the benefits of owning Eastern Communications security.