China Aircraft Leasing Stock Market Value
CFRLF Stock | USD 0.43 0.00 0.00% |
Symbol | China |
China Aircraft '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 Aircraft's 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 Aircraft.
03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in China Aircraft on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding China Aircraft Leasing or generate 0.0% return on investment in China Aircraft over 30 days. China Aircraft is related to or competes with United Rentals, AerCap Holdings, U Haul, U Haul, and Fortress Transp. China Aircraft Leasing Group Holdings Limited, an investment holding company, provides aircraft leasing services to airl... More
China Aircraft 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 Aircraft's 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 Aircraft Leasing upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.18) | |||
Maximum Drawdown | 6.67 |
China Aircraft Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Aircraft's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Aircraft's standard deviation. In reality, there are many statistical measures that can use China Aircraft historical prices to predict the future China Aircraft's volatility.Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.09) | |||
Total Risk Alpha | (0.19) | |||
Treynor Ratio | (0.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Aircraft'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.
China Aircraft Leasing Backtested Returns
China Aircraft Leasing secures Sharpe Ratio (or Efficiency) of -0.0765, which signifies that the company had a -0.0765% return per unit of risk over the last 3 months. China Aircraft Leasing exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Aircraft's Mean Deviation of 0.2001, risk adjusted performance of (0.04), and Standard Deviation of 0.8756 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Aircraft's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Aircraft is expected to be smaller as well. China Aircraft Leasing has an expected return of -0.0691%. Please make sure to confirm China Aircraft Leasing coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if China Aircraft Leasing performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
China Aircraft Leasing has no correlation between past and present. Overlapping area represents the amount of predictability between China Aircraft 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 Aircraft Leasing price movement. The serial correlation of 0.0 indicates that just 0.0% of current China Aircraft price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.0 | |
Spearman Rank Test | 1.0 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
China Aircraft Leasing lagged returns against current returns
Autocorrelation, which is China Aircraft 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 Aircraft's pink sheet expected returns. We can calculate the autocorrelation of China Aircraft returns to help us make a trade decision. For example, suppose you find that China Aircraft 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 Aircraft 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 Aircraft pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Aircraft 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 Aircraft pink sheet over time.
Current vs Lagged Prices |
Timeline |
China Aircraft Lagged Returns
When evaluating China Aircraft's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Aircraft pink sheet have on its future price. China Aircraft 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 Aircraft autocorrelation shows the relationship between China Aircraft pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Aircraft Leasing.
Regressed Prices |
Timeline |
Pair Trading with China Aircraft
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 Aircraft 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 Aircraft will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
0.85 | MCHB | Mechanics Bank | PairCorr |
0.67 | AER | AerCap Holdings NV Earnings Call This Week | PairCorr |
0.64 | ASHTF | Ashtead Group plc | PairCorr |
0.63 | ASHTY | Ashtead Gro | PairCorr |
0.43 | BRK-A | Berkshire Hathaway | PairCorr |
The ability to find closely correlated positions to China Aircraft 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 Aircraft 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 Aircraft - 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 Aircraft Leasing to buy it.
The correlation of China Aircraft 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 Aircraft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Aircraft Leasing 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 Aircraft 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 Aircraft Correlation, China Aircraft Volatility and China Aircraft Alpha and Beta module to complement your research on China Aircraft. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for China Pink Sheet analysis
When running China Aircraft's price analysis, check to measure China Aircraft'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 Aircraft is operating at the current time. Most of China Aircraft's value examination focuses on studying past and present price action to predict the probability of China Aircraft'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 Aircraft's price. Additionally, you may evaluate how the addition of China Aircraft to your portfolios can decrease your overall portfolio volatility.
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China Aircraft 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.