China Resources Beer Stock Market Value
| CRHKY Stock | USD 6.84 0.38 5.26% |
| Symbol | China |
China Resources '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 Resources' 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 Resources.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in China Resources on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding China Resources Beer or generate 0.0% return on investment in China Resources over 510 days. China Resources is related to or competes with Budweiser Brewing, Anheuser Busch, Anheuser Busch, Molson Coors, Boston Beer, Fomento Economico, and Compania Cervecerias. China Resources Beer Company Limited, an investment holding company, manufactures, distributes, and sells beer products More
China Resources 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 Resources' 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 Resources Beer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.37 | |||
| Information Ratio | 0.0358 | |||
| Maximum Drawdown | 32.2 | |||
| Value At Risk | (5.95) | |||
| Potential Upside | 8.9 |
China Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Resources' standard deviation. In reality, there are many statistical measures that can use China Resources historical prices to predict the future China Resources' volatility.| Risk Adjusted Performance | 0.0533 | |||
| Jensen Alpha | 0.2152 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | 0.0388 | |||
| Treynor Ratio | 0.472 |
China Resources Beer Backtested Returns
China Resources appears to be moderately volatile, given 3 months investment horizon. China Resources Beer secures Sharpe Ratio (or Efficiency) of 0.0821, which signifies that the company had a 0.0821% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Resources Beer, which you can use to evaluate the volatility of the firm. Please makes use of China Resources' Downside Deviation of 4.37, risk adjusted performance of 0.0533, and Mean Deviation of 3.17 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Resources holds a performance score of 6. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding China Resources is expected to be smaller as well. Please check China Resources' sortino ratio, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether China Resources' price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
China Resources Beer has average predictability. Overlapping area represents the amount of predictability between China Resources time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Resources Beer price movement. The serial correlation of 0.41 indicates that just about 41.0% of current China Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.25 |
China Resources Beer lagged returns against current returns
Autocorrelation, which is China Resources 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 Resources' pink sheet expected returns. We can calculate the autocorrelation of China Resources returns to help us make a trade decision. For example, suppose you find that China Resources 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 Resources 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 Resources pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Resources 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 Resources pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Resources Lagged Returns
When evaluating China Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Resources pink sheet have on its future price. China Resources 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 Resources autocorrelation shows the relationship between China Resources pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Resources Beer.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for China Pink Sheet Analysis
When running China Resources' price analysis, check to measure China Resources' 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 Resources is operating at the current time. Most of China Resources' value examination focuses on studying past and present price action to predict the probability of China Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Resources' price. Additionally, you may evaluate how the addition of China Resources to your portfolios can decrease your overall portfolio volatility.