China Overseas Land Stock Market Value
| CAOVF Stock | USD 1.40 0.07 4.76% |
| Symbol | China |
China Overseas '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 Overseas' pink sheet 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 Overseas.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in China Overseas on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding China Overseas Land or generate 0.0% return on investment in China Overseas over 30 days. China Overseas is related to or competes with Sun Hung. China Overseas Land Investment Limited, an investment holding company, engages in the property development and investmen... More
China Overseas 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 Overseas' pink sheet 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 Overseas Land upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 28.56 | |||
| Value At Risk | (7.05) | |||
| Potential Upside | 5.52 |
China Overseas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Overseas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Overseas' standard deviation. In reality, there are many statistical measures that can use China Overseas historical prices to predict the future China Overseas' volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | 0.1553 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Overseas' 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.
China Overseas Land Backtested Returns
China Overseas Land secures Sharpe Ratio (or Efficiency) of -0.0155, which signifies that the company had a -0.0155% return per unit of risk over the last 3 months. China Overseas Land exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Overseas' Standard Deviation of 4.11, mean deviation of 1.76, and Risk Adjusted Performance of (0) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Overseas are expected to decrease at a much lower rate. During the bear market, China Overseas is likely to outperform the market. China Overseas Land has an expected return of -0.0627%. Please make sure to confirm China Overseas Land skewness, and the relationship between the total risk alpha and day median price , to decide if China Overseas Land performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
China Overseas Land has very good reverse predictability. Overlapping area represents the amount of predictability between China Overseas time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Overseas Land price movement. The serial correlation of -0.67 indicates that around 67.0% of current China Overseas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Overseas Land lagged returns against current returns
Autocorrelation, which is China Overseas pink sheet'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 Overseas' pink sheet expected returns. We can calculate the autocorrelation of China Overseas returns to help us make a trade decision. For example, suppose you find that China Overseas has exhibited high autocorrelation historically, and you observe that the pink sheet 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 Overseas 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 Overseas pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Overseas pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Overseas pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Overseas Lagged Returns
When evaluating China Overseas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Overseas pink sheet have on its future price. China Overseas 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 Overseas autocorrelation shows the relationship between China Overseas pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Overseas Land.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Overseas in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Overseas' short interest history, or implied volatility extrapolated from China Overseas options trading.
Pair Trading with China Overseas
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 Overseas 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 Overseas will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to China Overseas 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 Overseas 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 Overseas - 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 Overseas Land to buy it.
The correlation of China Overseas 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 Overseas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Overseas Land 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 Overseas 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.Check out China Overseas Correlation, China Overseas Volatility and China Overseas Alpha and Beta module to complement your research on China Overseas. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for China Pink Sheet analysis
When running China Overseas' price analysis, check to measure China Overseas' 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 Overseas is operating at the current time. Most of China Overseas' value examination focuses on studying past and present price action to predict the probability of China Overseas' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Overseas' price. Additionally, you may evaluate how the addition of China Overseas to your portfolios can decrease your overall portfolio volatility.
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China Overseas technical pink sheet 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, pink sheet market cycles, or different charting patterns.