CHINA MOBILE Backtesting

CHLKF -- USA Stock  

USD 8.35  0.22  2.71%

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

CHINA MOBILE 'What if' Analysis

August 14, 2019
No Change 0.00  0.0 
In 2 months and 31 days
November 12, 2019
If you would invest  0.00  in CHINA MOBILE on August 14, 2019 and sell it all today you would earn a total of 0.00 from holding CHINA MOBILE LTD or generate 0.0% return on investment in CHINA MOBILE over 90 days. CHINA MOBILE is related to or competes with China Mobile, DEUTSCHE TELEKOM, America Movil, SOFTBANK GROUP, Verizon Communications, SOFTBANK CORP, and ORANGE. China Mobile Limited provides mobile telecommunications and related services in Mainland China and Hong Kong

CHINA MOBILE Upside/Downside Indicators

Downside Deviation3.1
Information Ratio0.0724
Maximum Drawdown27.75
Value At Risk(3.92)
Potential Upside3.9

CHINA MOBILE Market Premium Indicators

Risk Adjusted Performance0.0918
Jensen Alpha0.2508
Total Risk Alpha0.0353
Sortino Ratio0.0779
Treynor Ratio0.3603

CHINA MOBILE LTD Backtested Returns

Macroaxis considers CHINA MOBILE unstable given 3 months investment horizon. CHINA MOBILE LTD secures Sharpe Ratio (or Efficiency) of 0.1228 which signifies that the organization had 0.1228% of return per unit of return volatility over the last 3 months. Our approach into 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 MOBILE LTD which you can use to evaluate future volatility of the firm. Please makes use of CHINA MOBILE LTD Mean Deviation of 1.57, Semi Deviation of 1.49 and Risk Adjusted Performance of 0.0918 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 CHINA MOBILE holds performance score of 8. The firm shows Beta (market volatility) of 0.8717 which signifies that CHINA MOBILE returns are very sensitive to returns on the market. as market goes up or down, CHINA MOBILE is expected to follow. Although it is vital to follow to CHINA MOBILE LTD historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. 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 MOBILE LTD technical indicators you can right now evaluate if the expected return of 0.4128% will be sustainable into the future. Please makes use of CHINA MOBILE LTD Standard Deviation, Value At Risk, Kurtosis, as well as the relationship between Jensen Alpha and Semi Variance to make a quick decision on weather CHINA MOBILE price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.21 
correlation synergy

Weak predictability

CHINA MOBILE LTD has weak predictability. Overlapping area represents the amount of predictability between CHINA MOBILE time series from August 14, 2019 to September 28, 2019 and September 28, 2019 to November 12, 2019. 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 MOBILE LTD price movement. The serial correlation of 0.21 indicates that over 21.0% of current CHINA MOBILE price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.4
Residual Average0.0
Price Variance0.02

CHINA MOBILE LTD lagged returns against current returns

 Current and Lagged Values 

CHINA MOBILE regressed lagged prices vs. current prices

 Current vs Lagged Prices 

CHINA MOBILE Lagged Returns

 Regressed Prices 

Current Sentiment - CHLKF

CHINA MOBILE LTD Investor Sentiment

Most of Macroaxis users are currently bullish on CHINA MOBILE LTD. What is your opinion about investing in CHINA MOBILE LTD? Are you bullish or bearish?
98% Bullish
2% Bearish

CHINA MOBILE Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for CHINA MOBILE and China Mobile Limited. 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 MOBILE Hype Analysis, CHINA MOBILE Correlation, CHINA MOBILE Valuation, CHINA MOBILE Volatility as well as analyze CHINA MOBILE Alpha and Beta and CHINA MOBILE Performance. Please also try Equity Search module to search for activelly-traded equities including funds and etfs from over 30 global markets.