CHINA LIFE Backtesting

2628 -- USA Stock  

HKD 19.82  0.02  0.10%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of CHINA LIFE INSURANCE LTD 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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

CHINA LIFE 'What if' Analysis

June 18, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 18, 2018
0.00
If you would invest  0.00  in CHINA LIFE on June 18, 2018 and sell it all today you would earn a total of 0.00 from holding CHINA LIFE INSURANCE LTD or generate 0.0% return on investment in CHINA LIFE over 30 days. CHINA LIFE is related to or competes with Anthem, Aetna, Humana, Cigna, Aflac Incorporated, Lincoln National, and TORCHMARK CP. China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People...

CHINA LIFE Upside/Downside Indicators

Information Ratio0.46
Maximum Drawdown4.02
Value At Risk1.93
Potential Upside1.35
  

CHINA LIFE Market Premium Indicators

Risk Adjusted Performance0.21
Jensen Alpha0.42
Total Risk Alpha0.73
Treynor Ratio1.46

CHINA LIFE INSURANCE Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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

CHINA LIFE INSURANCE 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 Lagged Returns

 Regressed Prices 
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Current Sentiment - 2628

CHINA LIFE INSURANCE Investor Sentiment
Most of Macroaxis users are presently bullish on CHINA LIFE INSURANCE LTD. What is your opinion about investing in CHINA LIFE INSURANCE LTD? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.