China Eastern (Germany) Market Value

CIAH Stock  EUR 0.22  0.01  4.35%   
China Eastern's market value is the price at which a share of China Eastern trades on a public exchange. It measures the collective expectations of China Eastern Airlines investors about its performance. China Eastern is trading at 0.22 as of the 28th of March 2024. This is a -4.35 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.22.
With this module, you can estimate the performance of a buy and hold strategy of China Eastern Airlines and determine expected loss or profit from investing in China Eastern over a given investment horizon. Check out China Eastern Correlation, China Eastern Volatility and China Eastern Alpha and Beta module to complement your research on China Eastern.
Symbol

Please note, there is a significant difference between China Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Eastern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Eastern's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

China Eastern '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 Eastern'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 Eastern.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in China Eastern on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding China Eastern Airlines or generate 0.0% return on investment in China Eastern over 30 days. China Eastern is related to or competes with LATAM Airlines, AIR CHINA, China Southern, and Lyxor 1. China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in t... More

China Eastern 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 Eastern'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 Eastern Airlines upside and downside potential and time the market with a certain degree of confidence.

China Eastern Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for China Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Eastern's standard deviation. In reality, there are many statistical measures that can use China Eastern historical prices to predict the future China Eastern's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Eastern's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.010.223.07
Details
Intrinsic
Valuation
LowRealHigh
0.010.193.04
Details
Naive
Forecast
LowNextHigh
00.223.08
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
0.210.220.23
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Eastern. Your research has to be compared to or analyzed against China Eastern's peers to derive any actionable benefits. When done correctly, China Eastern'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 Eastern Airlines.

China Eastern Airlines Backtested Returns

China Eastern Airlines secures Sharpe Ratio (or Efficiency) of -0.0571, which signifies that the company had a -0.0571% return per unit of risk over the last 3 months. China Eastern Airlines exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Eastern's Mean Deviation of 1.68, standard deviation of 2.84, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Eastern's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Eastern is expected to be smaller as well. China Eastern Airlines has an expected return of -0.16%. Please make sure to confirm China Eastern Airlines standard deviation, information ratio, total risk alpha, as well as the relationship between the variance and jensen alpha , to decide if China Eastern Airlines performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.38  

Poor reverse predictability

China Eastern Airlines has poor reverse predictability. Overlapping area represents the amount of predictability between China Eastern time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Eastern Airlines price movement. The serial correlation of -0.38 indicates that just about 38.0% of current China Eastern price fluctuation can be explain by its past prices.
Correlation Coefficient-0.38
Spearman Rank Test0.38
Residual Average0.0
Price Variance0.0

China Eastern Airlines lagged returns against current returns

Autocorrelation, which is China Eastern 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 Eastern's stock expected returns. We can calculate the autocorrelation of China Eastern returns to help us make a trade decision. For example, suppose you find that China Eastern 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 Eastern 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 Eastern stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Eastern stock over time.
   Current vs Lagged Prices   
       Timeline  

China Eastern Lagged Returns

When evaluating China Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Eastern stock have on its future price. China Eastern 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 Eastern autocorrelation shows the relationship between China Eastern stock current value and its past values and can show if there is a momentum factor associated with investing in China Eastern Airlines.
   Regressed Prices   
       Timeline  

Pair Trading with China Eastern

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Eastern position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Eastern will appreciate offsetting losses from the drop in the long position's value.

Moving against China Stock

  0.67SWN Southwest AirlinesPairCorr
  0.57RY4D RYANAIR HLDGS ADRPairCorr
  0.56TOMA Toyota MotorPairCorr
  0.56E908 Lyxor 1 -PairCorr
  0.49RY4C Ryanair Holdings PlcPairCorr
The ability to find closely correlated positions to China Eastern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Eastern when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Eastern - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Eastern Airlines to buy it.
The correlation of China Eastern is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Eastern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Eastern Airlines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Eastern can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out China Eastern Correlation, China Eastern Volatility and China Eastern Alpha and Beta module to complement your research on China Eastern.
Note that the China Eastern Airlines information on this page should be used as a complementary analysis to other China Eastern's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for China Stock analysis

When running China Eastern's price analysis, check to measure China Eastern's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Eastern is operating at the current time. Most of China Eastern's value examination focuses on studying past and present price action to predict the probability of China Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Eastern's price. Additionally, you may evaluate how the addition of China Eastern to your portfolios can decrease your overall portfolio volatility.
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
China Eastern technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of China Eastern technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of China Eastern trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...