China Merchants (Germany) Market Value
| CPM Stock | EUR 1.51 0.03 1.95% |
| Symbol | China |
China Merchants '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 Merchants' 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 Merchants.
| 11/28/2023 |
| 12/22/2024 |
If you would invest 0.00 in China Merchants on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding China Merchants Port or generate 0.0% return on investment in China Merchants over 390 days. China Merchants is related to or competes with COSCO SHIPPING, Nippon Yusen, Hapag-Lloyd, Orient Overseas, COSCO SHIPPING, Qingdao Port. China Merchants Port Holdings Company Limited, an investment holding company, operates as a port operator in Mainland Ch... More
China Merchants 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 Merchants' 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 Merchants Port upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 27.9 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 3.27 |
China Merchants Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Merchants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Merchants' standard deviation. In reality, there are many statistical measures that can use China Merchants historical prices to predict the future China Merchants' volatility.| Risk Adjusted Performance | 0.1093 | |||
| Jensen Alpha | 0.4338 | |||
| Total Risk Alpha | 0.3343 | |||
| Sortino Ratio | 0.1722 | |||
| Treynor Ratio | (2.83) |
China Merchants Port Backtested Returns
China Merchants appears to be dangerous, given 3 months investment horizon. China Merchants Port secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Merchants Port, which you can use to evaluate the volatility of the firm. Please makes use of China Merchants' Downside Deviation of 2.37, risk adjusted performance of 0.1093, and Mean Deviation of 1.87 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Merchants holds a performance score of 11. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Merchants are expected to decrease at a much lower rate. During the bear market, China Merchants is likely to outperform the market. Please check China Merchants' coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether China Merchants' price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
China Merchants Port has below average predictability. Overlapping area represents the amount of predictability between China Merchants time series from 28th of November 2023 to 10th of June 2024 and 10th of June 2024 to 22nd 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 Merchants Port price movement. The serial correlation of 0.37 indicates that just about 37.0% of current China Merchants price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
China Merchants Port lagged returns against current returns
Autocorrelation, which is China Merchants 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 Merchants' stock expected returns. We can calculate the autocorrelation of China Merchants returns to help us make a trade decision. For example, suppose you find that China Merchants 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 Merchants 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 Merchants stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Merchants stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Merchants stock over time.
Current vs Lagged Prices |
| Timeline |
China Merchants Lagged Returns
When evaluating China Merchants' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Merchants stock have on its future price. China Merchants 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 Merchants autocorrelation shows the relationship between China Merchants stock current value and its past values and can show if there is a momentum factor associated with investing in China Merchants Port.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Merchants 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 Merchants security.