China Resources (Germany) Backtesting

CHK -- Germany Stock  

EUR 3.23  0.02  0.62%

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

China Resources 'What if' Analysis

October 17, 2018
No Change 0.00  0.0%
In 2 months and 1 day
December 16, 2018
If you would invest  0.00  in China Resources on October 17, 2018 and sell it all today you would earn a total of 0.00 from holding China Resources Beer Company Limited or generate 0.0% return on investment in China Resources over 60 days. China Resources is related to or competes with Anheuser Busch, Heineken N, Carlsberg, Molson Coors, Mineralbrunnen berkingen, and Berentzen Gruppe. China Resources Beer Company Limited, an investment holding company, manufactures, sells, and distributes beer products ...

China Resources Upside/Downside Indicators

Information Ratio0.0075
Maximum Drawdown14.26
Value At Risk(4.21)
Potential Upside5.96

China Resources Market Premium Indicators

Risk Adjusted Performance(0.027822)
Jensen Alpha(0.11)
Total Risk Alpha0.1903
Treynor Ratio0.4957

China Resources Beer Backtested Returns

Macroaxis considers China Resources extremely risky given 2 months investment horizon. China Resources Beer secures Sharpe Ratio (or Efficiency) of 0.095 which signifies that China Resources Beer had 0.095% of return per unit of risk over the last 2 months. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for China Resources Beer Company Limited which you can use to evaluate future volatility of the firm. Please makes use of China Resources Beer Risk Adjusted Performance of (0.027822) and Mean Deviation of 2.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 China Resources holds performance score of 6. The firm shows Beta (market volatility) of -0.1862 which signifies that as returns on market increase, returns on owning China Resources are expected to decrease at a much smaller rate. During bear market, China Resources is likely to outperform the market.. Although it is vital to follow to China Resources Beer historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards 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 analyzing China Resources Beer technical indicators you can presently evaluate if the expected return of 0.2959% will be sustainable into the future. Please makes use of China Resources Beer Downside Deviation, Standard Deviation, Information Ratio, as well as the relationship between Coefficient Of Variation and Variance to make a quick decision on weather China Resources price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.17 
correlation synergy

Very weak predictability

China Resources Beer Company Limited has very weak predictability. Overlapping area represents the amount of predictability between China Resources time series from October 17, 2018 to November 16, 2018 and November 16, 2018 to December 16, 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 Resources Beer price movement. The serial correlation of 0.17 indicates that over 17.0% of current China Resources price fluctuation can be explain by its past prices.
Correlation Coefficient0.17
Spearman Rank Test0.27
Residual Average0.0
Price Variance0.01

China Resources Beer lagged returns against current returns

 Current and Lagged Values 

China Resources regressed lagged prices vs. current prices

 Current vs Lagged Prices 

China Resources Lagged Returns

 Regressed Prices 

Current Sentiment - CHK

China Resources Beer Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in China Resources Beer Company Limited. What is your opinion about investing in China Resources Beer Company Limited? Are you bullish or bearish?
50% Bullish
50% Bearish

China Resources Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for China Resources and Anheuser Busch InBev. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Check also China Resources Hype Analysis, China Resources Correlation, China Resources Valuation, China Resources Volatility as well as analyze China Resources Alpha and Beta and China Resources Performance. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.