CHINA WATER's market value is the price at which a share of CHINA WATER trades on a public exchange. It measures the collective expectations of CHINA WATER IGR investors about its performance. CHINA WATER is trading at 0.03 as of the 20th of December 2024. This is a 40% down since the beginning of the trading day. The stock's lowest day price was 0.03. With this module, you can estimate the performance of a buy and hold strategy of CHINA WATER IGR and determine expected loss or profit from investing in CHINA WATER over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
CHINA
CHINA WATER '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 WATER'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 WATER.
0.00
11/20/2024
No Change 0.00
0.0
In 30 days
12/20/2024
0.00
If you would invest 0.00 in CHINA WATER on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding CHINA WATER IGR or generate 0.0% return on investment in CHINA WATER over 30 days.
CHINA WATER 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 WATER'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 WATER IGR upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA WATER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA WATER's standard deviation. In reality, there are many statistical measures that can use CHINA WATER historical prices to predict the future CHINA WATER's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CHINA WATER. Your research has to be compared to or analyzed against CHINA WATER's peers to derive any actionable benefits. When done correctly, CHINA WATER's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CHINA WATER IGR.
CHINA WATER IGR Backtested Returns
CHINA WATER IGR secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12% return per unit of return volatility over the last 3 months. CHINA WATER IGR exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CHINA WATER's Coefficient Of Variation of (846.94), mean deviation of 4.99, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.76, 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 WATER will likely underperform. At this point, CHINA WATER IGR has a negative expected return of -1.29%. Please make sure to confirm CHINA WATER's standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if CHINA WATER IGR performance from the past will be repeated in the future.
Auto-correlation
-0.71
Almost perfect reverse predictability
CHINA WATER IGR has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CHINA WATER time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 WATER IGR price movement. The serial correlation of -0.71 indicates that around 71.0% of current CHINA WATER price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.27
Residual Average
0.0
Price Variance
0.0
CHINA WATER IGR lagged returns against current returns
Autocorrelation, which is CHINA WATER 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 WATER's stock expected returns. We can calculate the autocorrelation of CHINA WATER returns to help us make a trade decision. For example, suppose you find that CHINA WATER 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 WATER 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 WATER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA WATER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA WATER stock over time.
Current vs Lagged Prices
Timeline
CHINA WATER Lagged Returns
When evaluating CHINA WATER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA WATER stock have on its future price. CHINA WATER 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 WATER autocorrelation shows the relationship between CHINA WATER stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA WATER IGR.