China Automotive Systems Stock Market Value
| CAAS Stock | USD 3.90 0.29 6.92% |
| Symbol | China |
China Automotive Systems Price To Book Ratio
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Automotive. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.32) | Earnings Share 1.05 | Revenue Per Share 19.701 | Quarterly Revenue Growth 0.154 | Return On Assets 0.0376 |
The market value of China Automotive Systems is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Automotive's value that differs from its market value or its book value, called intrinsic value, which is China Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Automotive's market value can be influenced by many factors that don't directly affect China Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Automotive'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 Automotive '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 Automotive'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 Automotive.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in China Automotive on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding China Automotive Systems or generate 0.0% return on investment in China Automotive over 30 days. China Automotive is related to or competes with Dorman Products, Monro Muffler, Standard, Stoneridge, Cooper Stnd, Fox Factory, and Motorcar Parts. China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in th... More
China Automotive 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 Automotive'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 Automotive Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.0566 | |||
| Maximum Drawdown | 22.17 | |||
| Value At Risk | (4.34) | |||
| Potential Upside | 4.39 |
China Automotive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Automotive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Automotive's standard deviation. In reality, there are many statistical measures that can use China Automotive historical prices to predict the future China Automotive's volatility.| Risk Adjusted Performance | 0.0596 | |||
| Jensen Alpha | 0.1972 | |||
| Total Risk Alpha | 0.127 | |||
| Sortino Ratio | 0.0673 | |||
| Treynor Ratio | 0.416 |
China Automotive Systems Backtested Returns
Currently, China Automotive Systems is moderately volatile. China Automotive Systems secures Sharpe Ratio (or Efficiency) of 0.0551, which signifies that the company had a 0.0551% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Automotive Systems, which you can use to evaluate the volatility of the firm. Please confirm China Automotive's Risk Adjusted Performance of 0.0596, downside deviation of 2.79, and Mean Deviation of 2.29 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. China Automotive has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Automotive's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Automotive is expected to be smaller as well. China Automotive Systems right now shows a risk of 3.39%. Please confirm China Automotive Systems jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if China Automotive Systems will be following its price patterns.
Auto-correlation | 0.16 |
Very weak predictability
China Automotive Systems has very weak predictability. Overlapping area represents the amount of predictability between China Automotive time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Automotive Systems price movement. The serial correlation of 0.16 indicates that over 16.0% of current China Automotive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
China Automotive Systems lagged returns against current returns
Autocorrelation, which is China Automotive 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 Automotive's stock expected returns. We can calculate the autocorrelation of China Automotive returns to help us make a trade decision. For example, suppose you find that China Automotive 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 Automotive 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 Automotive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Automotive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Automotive stock over time.
Current vs Lagged Prices |
| Timeline |
China Automotive Lagged Returns
When evaluating China Automotive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Automotive stock have on its future price. China Automotive 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 Automotive autocorrelation shows the relationship between China Automotive stock current value and its past values and can show if there is a momentum factor associated with investing in China Automotive Systems.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for China Stock Analysis
When running China Automotive's price analysis, check to measure China Automotive's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Automotive is operating at the current time. Most of China Automotive's value examination focuses on studying past and present price action to predict the probability of China Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Automotive's price. Additionally, you may evaluate how the addition of China Automotive to your portfolios can decrease your overall portfolio volatility.