China Teletech Holding Stock Market Value
| CNCT Stock | USD 0.0008 0.0007 46.67% |
| Symbol | China |
China Teletech '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 Teletech's pink sheet 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 Teletech.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in China Teletech on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding China Teletech Holding or generate 0.0% return on investment in China Teletech over 390 days. China Teletech Holding, Inc. does not have significant operations More
China Teletech 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 Teletech's pink sheet 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 Teletech Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 44.17 | |||
| Information Ratio | 0.1269 | |||
| Maximum Drawdown | 1065.71 | |||
| Value At Risk | (28.57) | |||
| Potential Upside | 50.0 |
China Teletech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Teletech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Teletech's standard deviation. In reality, there are many statistical measures that can use China Teletech historical prices to predict the future China Teletech's volatility.| Risk Adjusted Performance | 0.1028 | |||
| Jensen Alpha | 14.24 | |||
| Total Risk Alpha | (1.55) | |||
| Sortino Ratio | 0.3598 | |||
| Treynor Ratio | 0.9267 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Teletech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
China Teletech Holding Backtested Returns
China Teletech is out of control given 3 months investment horizon. China Teletech Holding secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We were able to break down twenty-seven different technical indicators, which can help you to evaluate if expected returns of 16.77% are justified by taking the suggested risk. Use China Teletech Mean Deviation of 36.19, downside deviation of 44.17, and Risk Adjusted Performance of 0.1028 to evaluate company specific risk that cannot be diversified away. China Teletech holds a performance score of 10 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 17.26, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, China Teletech will likely underperform. Use China Teletech total risk alpha and the relationship between the potential upside and price action indicator , to analyze future returns on China Teletech.
Auto-correlation | -0.2 |
Insignificant reverse predictability
China Teletech Holding has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Teletech time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Teletech Holding price movement. The serial correlation of -0.2 indicates that over 20.0% of current China Teletech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Teletech Holding lagged returns against current returns
Autocorrelation, which is China Teletech pink sheet'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 Teletech's pink sheet expected returns. We can calculate the autocorrelation of China Teletech returns to help us make a trade decision. For example, suppose you find that China Teletech has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Teletech 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 Teletech pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Teletech pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Teletech pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Teletech Lagged Returns
When evaluating China Teletech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Teletech pink sheet have on its future price. China Teletech 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 Teletech autocorrelation shows the relationship between China Teletech pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Teletech Holding.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for China Pink Sheet Analysis
When running China Teletech's price analysis, check to measure China Teletech'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 Teletech is operating at the current time. Most of China Teletech's value examination focuses on studying past and present price action to predict the probability of China Teletech'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 Teletech's price. Additionally, you may evaluate how the addition of China Teletech to your portfolios can decrease your overall portfolio volatility.