China Overseas Land Stock Market Value

CAOVY Stock  USD 7.32  0.14  1.88%   
China Overseas' market value is the price at which a share of China Overseas stock trades on a public exchange. It measures the collective expectations of China Overseas Land investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of China Overseas Land and determine expected loss or profit from investing in China Overseas over a given investment horizon.
Check out China Overseas Correlation, China Overseas Volatility and China Overseas Alpha and Beta module to complement your research on China Overseas.
Symbol

Please note, there is a significant difference between China Overseas' value and its price as these two are different measures arrived at by different means. Investors typically determine if China Overseas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Overseas' 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 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.
0.00
02/01/2024
No Change 0.00  0.0 
In 31 days
03/02/2024
0.00
If you would invest  0.00  in China Overseas on February 1, 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 Bank Of Montreal, Lululemon Athletica, HK Electric, Asbury Automotive, Genuine Parts, SEI Investments, and Kite Realty. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of China Overseas in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
4.417.3010.19
Details
Intrinsic
Valuation
LowRealHigh
4.427.3110.20
Details
Naive
Forecast
LowNextHigh
4.147.039.92
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.117.678.23
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Overseas. Your research has to be compared to or analyzed against China Overseas' peers to derive any actionable benefits. When done correctly, China Overseas' 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 Overseas Land.

China Overseas Land Backtested Returns

China Overseas Land secures Sharpe Ratio (or Efficiency) of -0.0945, which signifies that the company had -0.0945% return per unit of risk over the last 3 months. Our standpoint towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. China Overseas Land exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please confirm China Overseas' Mean Deviation of 2.28, standard deviation of 2.83, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Overseas returns are expected to increase less than the market. However, during the bear market, the loss on holding China Overseas will be expected to be smaller as well. China Overseas Land exposes twenty-two different technical indicators, which can help you to evaluate its performance. China Overseas Land has an expected return of -0.27%. Please make sure to confirm China Overseas Land coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown 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

    
  0.29  

Poor predictability

China Overseas Land has poor predictability. Overlapping area represents the amount of predictability between China Overseas time series from 1st of February 2024 to 16th of February 2024 and 16th of February 2024 to 2nd 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 Overseas Land price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current China Overseas price fluctuation can be explain by its past prices.
Correlation Coefficient0.29
Spearman Rank Test0.1
Residual Average0.0
Price Variance0.05

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 pink sheet 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 stock 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.

Moving together with China Pink Sheet

  0.63SUHJY Sun Hung KaiPairCorr
  0.85CRBJY China Resources LandPairCorr
  0.84CRBJF China Resources LandPairCorr

Moving against China Pink Sheet

  0.74PPERY Bank Mandiri PerseroPairCorr
  0.71PPERF Bank Mandiri PerseroPairCorr
  0.66PBCRY Bank Central AsiaPairCorr
  0.61BKRKY Bank RakyatPairCorr
  0.61MBFJF Mitsubishi UFJ Financial Normal TradingPairCorr
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 equities. 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.
Pair CorrelationCorrelation Matching
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 Positions Ratings module to 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.

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.
A focus of China Overseas technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of China Overseas 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...