Macroaxis considers CHINA LIFE to be not too volatile. CHINA LIFE INSURANCE
secures Sharpe Ratio (or Efficiency) of -0.2906 which signifies that CHINA LIFE INSURANCE
had -0.2906% of return per unit of return volatility over the last 1 month. Macroaxis approach into foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. CHINA LIFE INSURANCE LTD exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm CHINA LIFE INSURANCE Risk Adjusted Performance
of 0.21 and Mean Deviation of 1.01 to double-check risk estimate we provide. Macroaxis gives CHINA LIFE performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.3117 which signifies that as returns on market increase, returns on owning CHINA LIFE are expected to decrease at a much smaller rate. During bear market, CHINA LIFE is likely to outperform the market.. Even though it is essential to pay attention to CHINA LIFE INSURANCE historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis approach into foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. CHINA LIFE INSURANCE LTD exposes twenty-one different technical indicators which can help you to evaluate its performance. CHINA LIFE INSURANCE has expected return of -0.3467%. Please be advised to confirm CHINA LIFE INSURANCE Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if CHINA LIFE INSURANCE past performance will be repeated in the future.
|15 days auto-correlation||(0.76) |
Almost perfect reverse predictability
CHINA LIFE INSURANCE LTD has almost perfect reverse predictability. Overlapping area represents the amount of predictability between CHINA LIFE time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 18, 2018. 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 LIFE INSURANCE price movement. The serial correlation of -0.76 indicates that around 76.0% of current CHINA LIFE price fluctuation can be explain by its past prices. Given that CHINA LIFE INSURANCE LTD has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of CHINA LIFE for similar time interval.
|Correlation Coefficient|| -0.76|
|Spearman Rank Test|| -0.72|
|Price Variance|| 0.06|
|Lagged Price Variance|| 0.34|