CHINA EAST (Germany) Market Value
| ZX3 Stock | EUR 0.32 0.00 0.00% |
| Symbol | CHINA |
CHINA EAST '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 EAST'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 EAST.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in CHINA EAST on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding CHINA EAST ED or generate 0.0% return on investment in CHINA EAST over 720 days. CHINA EAST is related to or competes with IDP EDUCATION, TAL Education, Grand Canyon, Graham Holdings, Strategic Education, Chegg, and Laureate Education. China East Education Holdings Limited, an investment holding company, provides vocational training education services More
CHINA EAST 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 EAST'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 EAST ED upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.16 | |||
| Information Ratio | 0.1183 | |||
| Maximum Drawdown | 18.57 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 6.67 |
CHINA EAST Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CHINA EAST's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CHINA EAST's standard deviation. In reality, there are many statistical measures that can use CHINA EAST historical prices to predict the future CHINA EAST's volatility.| Risk Adjusted Performance | 0.109 | |||
| Jensen Alpha | 0.4175 | |||
| Total Risk Alpha | 0.3257 | |||
| Sortino Ratio | 0.0955 | |||
| Treynor Ratio | 4.09 |
CHINA EAST ED Backtested Returns
CHINA EAST appears to be out of control, given 3 months investment horizon. CHINA EAST ED secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of return volatility over the last 3 months. We have found twenty-four technical indicators for CHINA EAST ED, which you can use to evaluate the volatility of the firm. Please makes use of CHINA EAST's Mean Deviation of 2.41, semi deviation of 2.28, and Risk Adjusted Performance of 0.109 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, CHINA EAST holds a performance score of 10. The firm shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, CHINA EAST's returns are expected to increase less than the market. However, during the bear market, the loss of holding CHINA EAST is expected to be smaller as well. Please check CHINA EAST's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether CHINA EAST's price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
CHINA EAST ED has insignificant reverse predictability. Overlapping area represents the amount of predictability between CHINA EAST time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 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 EAST ED price movement. The serial correlation of -0.19 indicates that over 19.0% of current CHINA EAST price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
CHINA EAST ED lagged returns against current returns
Autocorrelation, which is CHINA EAST 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 EAST's stock expected returns. We can calculate the autocorrelation of CHINA EAST returns to help us make a trade decision. For example, suppose you find that CHINA EAST 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 EAST 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 EAST stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CHINA EAST stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CHINA EAST stock over time.
Current vs Lagged Prices |
| Timeline |
CHINA EAST Lagged Returns
When evaluating CHINA EAST's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CHINA EAST stock have on its future price. CHINA EAST 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 EAST autocorrelation shows the relationship between CHINA EAST stock current value and its past values and can show if there is a momentum factor associated with investing in CHINA EAST ED.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CHINA Stock
CHINA EAST 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 EAST security.