China Vanke Co Stock Market Value
| CHVKF Stock | USD 0.63 0.03 4.55% |
| Symbol | China |
China Vanke '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 Vanke'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 Vanke.
| 02/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in China Vanke on February 11, 2024 and sell it all today you would earn a total of 0.00 from holding China Vanke Co or generate 0.0% return on investment in China Vanke over 90 days. China Vanke is related to or competes with Alcon AG, Laser Photonics, Enterprise Products, Merchants Bancorp, Zomedica Pharmaceuticals, and Ryde. China Vanke Co., Ltd., together with its subsidiaries, engages in the development and sale of properties in the Mainland... More
China Vanke 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 Vanke'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 Vanke Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 25.63 | |||
| Value At Risk | (7.46) | |||
| Potential Upside | 6.33 |
China Vanke Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Vanke's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Vanke's standard deviation. In reality, there are many statistical measures that can use China Vanke historical prices to predict the future China Vanke's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Vanke'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 Vanke Backtested Returns
China Vanke secures Sharpe Ratio (or Efficiency) of -0.0411, which signifies that the company had a -0.0411% return per unit of risk over the last 3 months. China Vanke Co exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Vanke's Standard Deviation of 4.38, mean deviation of 2.16, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.06, which signifies a somewhat significant risk relative to the market. China Vanke returns are very sensitive to returns on the market. As the market goes up or down, China Vanke is expected to follow. China Vanke has an expected return of -0.17%. Please make sure to confirm China Vanke total risk alpha and the relationship between the skewness and relative strength index , to decide if China Vanke performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
China Vanke Co has weak reverse predictability. Overlapping area represents the amount of predictability between China Vanke time series from 11th of February 2024 to 27th of March 2024 and 27th of March 2024 to 11th of May 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 Vanke price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current China Vanke price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Vanke lagged returns against current returns
Autocorrelation, which is China Vanke 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 Vanke's pink sheet expected returns. We can calculate the autocorrelation of China Vanke returns to help us make a trade decision. For example, suppose you find that China Vanke 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 Vanke 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 Vanke pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Vanke 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 Vanke pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Vanke Lagged Returns
When evaluating China Vanke's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Vanke pink sheet have on its future price. China Vanke 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 Vanke autocorrelation shows the relationship between China Vanke pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Vanke Co.
Regressed Prices |
| Timeline |
Pair Trading with China Vanke
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 Vanke 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 Vanke will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
| 0.84 | PTITF | PT Indosat Tbk | PairCorr |
| 0.65 | EC | Ecopetrol SA ADR | PairCorr |
| 0.51 | PUTKY | United Tractors Tbk | PairCorr |
| 0.41 | PIFMF | PT Indofood Sukses | PairCorr |
The ability to find closely correlated positions to China Vanke 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 Vanke 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 Vanke - 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 Vanke Co to buy it.
The correlation of China Vanke 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 Vanke moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Vanke 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 Vanke 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 Vanke Correlation, China Vanke Volatility and China Vanke Alpha and Beta module to complement your research on China Vanke. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for China Pink Sheet analysis
When running China Vanke's price analysis, check to measure China Vanke'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 Vanke is operating at the current time. Most of China Vanke's value examination focuses on studying past and present price action to predict the probability of China Vanke'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 Vanke's price. Additionally, you may evaluate how the addition of China Vanke to your portfolios can decrease your overall portfolio volatility.
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China Vanke 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.