CHINA LIFE (Hong Kong) Backtesting

CHINA LIFE -- Hong Kong Stock  

HKD 24.1  0.1  0.41%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of CHINA LIFE and determine expected loss or profit from investing in CHINA LIFE over given investment horizon. Check also CHINA LIFE Hype Analysis, CHINA LIFE Correlation, CHINA LIFE Valuation, CHINA LIFE Volatility as well as analyze CHINA LIFE Alpha and Beta and CHINA LIFE Performance
Investment Horizon     30 Days    Login   to change
SymbolX
Backtest

CHINA LIFE 'What if' Analysis

September 17, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 17, 2017
 0.00 
If you would invest  0.00  in CHINA LIFE on September 17, 2017 and sell it all today you would earn a total of 0.00 from holding CHINA LIFE or generate 0.0% return on investment in CHINA LIFE over 30 days. CHINA LIFE is related to or competes with NCI, HUISHANG BANK, CPIC, CC SECURITIES, and Value Partners. CHINA LIFE operates in four segments Life Insurance Health Insurance Accident Insurance and Other

CHINA LIFE Upside/Downside Indicators

  

CHINA LIFE Market Premium Indicators

CHINA LIFE lagged returns against current returns

 Current and Lagged Values 
      Timeline 

CHINA LIFE regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

CHINA LIFE Backtested Returns

We consider CHINA LIFE not too volatile. CHINA LIFE secures Sharpe Ratio (or Efficiency) of 0.0294 which signifies that CHINA LIFE had 0.0294% of return per unit of return volatility over the last 1 month. Our approach into foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for CHINA LIFE which you can use to evaluate future volatility of the firm. Please confirm CHINA LIFE Semi Deviation of 0.7049, Risk Adjusted Performance of 0.0132 and Mean Deviation of 0.6403 to double-check if risk estimate we provide are consistent with the epected return of 0.0253%. CHINA LIFE has performance score of 2 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.8124 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.. Although it is extremely important to respect CHINA LIFE historical returns, it is better to be realistic regarding the information on equity current trending patternss. The approach into foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining CHINA LIFE technical indicators you can right now evaluate if the expected return of 0.0253% will be sustainable into the future. CHINA LIFE at this time shows a risk of 0.8621%. Please confirm CHINA LIFE Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if CHINA LIFE will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.64) 

Very good reverse predictability

CHINA LIFE has very good reverse predictability. Overlapping area represents the amount of predictability between CHINA LIFE time series from September 17, 2017 to October 2, 2017 and October 2, 2017 to October 17, 2017. 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 price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current CHINA LIFE price fluctuation can be explain by its past prices. Given that CHINA LIFE 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 -0.64
Spearman Rank Test -0.68
Price Variance 0.02
Lagged Price Variance 0.06

CHINA LIFE Lagged Returns

 Regressed Prices 
      Timeline 

CHINA LIFE Performance vs Hang Seng

The median price of CHINA LIFE for the period between Sun, Sep 17, 2017 and Tue, Oct 17, 2017 is 23.85 with a coefficient of variation of 1.12. The daily time series for the period is distributed with a sample standard deviation of 0.27, arithmetic mean of 23.8, and mean deviation of 0.2. The Stock did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline