China Coal (Germany) Market Value
| CVV Stock | EUR 1.09 0.07 6.03% |
| Symbol | China |
China Coal '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 Coal'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 Coal.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in China Coal on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding China Coal Energy or generate 0.0% return on investment in China Coal over 30 days. China Coal is related to or competes with CHINA SHENHUA, Yancoal Australia, Banpu PCL, CONSOL Energy, and HMS Bergbau. China Coal Energy Company Limited primarily engages in the production and trade of coal, coal chemical business, coal mi... More
China Coal 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 Coal'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 Coal Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.37 | |||
| Information Ratio | 0.0649 | |||
| Maximum Drawdown | 17.17 | |||
| Value At Risk | (4.84) | |||
| Potential Upside | 5.26 |
China Coal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Coal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Coal's standard deviation. In reality, there are many statistical measures that can use China Coal historical prices to predict the future China Coal's volatility.| Risk Adjusted Performance | 0.0667 | |||
| Jensen Alpha | 0.246 | |||
| Total Risk Alpha | 0.1432 | |||
| Sortino Ratio | 0.0633 | |||
| Treynor Ratio | (0.48) |
China Coal Energy Backtested Returns
At this point, China Coal is dangerous. China Coal Energy secures Sharpe Ratio (or Efficiency) of 0.0244, which signifies that the company had a 0.0244% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for China Coal Energy, which you can use to evaluate the volatility of the firm. Please confirm China Coal's Mean Deviation of 2.4, risk adjusted performance of 0.0667, and Downside Deviation of 3.37 to double-check if the risk estimate we provide is consistent with the expected return of 0.0772%. China Coal has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.49, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Coal are expected to decrease at a much lower rate. During the bear market, China Coal is likely to outperform the market. China Coal Energy right now shows a risk of 3.16%. Please confirm China Coal Energy coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to decide if China Coal Energy will be following its price patterns.
Auto-correlation | -0.4 |
Poor reverse predictability
China Coal Energy has poor reverse predictability. Overlapping area represents the amount of predictability between China Coal time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Coal Energy price movement. The serial correlation of -0.4 indicates that just about 40.0% of current China Coal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Coal Energy lagged returns against current returns
Autocorrelation, which is China Coal 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 Coal's stock expected returns. We can calculate the autocorrelation of China Coal returns to help us make a trade decision. For example, suppose you find that China Coal 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 Coal 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 Coal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Coal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Coal stock over time.
Current vs Lagged Prices |
| Timeline |
China Coal Lagged Returns
When evaluating China Coal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Coal stock have on its future price. China Coal 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 Coal autocorrelation shows the relationship between China Coal stock current value and its past values and can show if there is a momentum factor associated with investing in China Coal Energy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Coal 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 Coal security.