China Taiping Insurance Stock Market Value
| CTIHY Stock | USD 26.01 0.00 0.00% |
| Symbol | China |
China Taiping '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 Taiping'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 Taiping.
| 10/22/2022 |
| 09/11/2024 |
If you would invest 0.00 in China Taiping on October 22, 2022 and sell it all today you would earn a total of 0.00 from holding China Taiping Insurance or generate 0.0% return on investment in China Taiping over 690 days. China Taiping is related to or competes with Sea, SNDL, Keurig Dr, Compania Cervecerias, Ambev SA, GMS, and Pool. China Taiping Insurance Holdings Company Limited, an investment holding company, underwrites various insurance and reins... More
China Taiping 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 Taiping'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 Taiping Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1053 | |||
| Maximum Drawdown | 34.55 |
China Taiping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Taiping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Taiping's standard deviation. In reality, there are many statistical measures that can use China Taiping historical prices to predict the future China Taiping's volatility.| Risk Adjusted Performance | 0.1054 | |||
| Jensen Alpha | 0.4554 | |||
| Total Risk Alpha | 0.17 | |||
| Treynor Ratio | 0.5934 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Taiping'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 Taiping Insurance Backtested Returns
China Taiping appears to be not too volatile, given 3 months investment horizon. China Taiping Insurance secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing China Taiping's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please makes use of China Taiping's Risk Adjusted Performance of 0.1054, standard deviation of 4.24, and Mean Deviation of 1.03 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Taiping holds a performance score of 9. The firm shows a Beta (market volatility) of 0.86, which signifies possible diversification benefits within a given portfolio. China Taiping returns are very sensitive to returns on the market. As the market goes up or down, China Taiping is expected to follow. Please check China Taiping's coefficient of variation and skewness , to make a quick decision on whether China Taiping's price patterns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
China Taiping Insurance has good reverse predictability. Overlapping area represents the amount of predictability between China Taiping time series from 22nd of October 2022 to 2nd of October 2023 and 2nd of October 2023 to 11th of September 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 Taiping Insurance price movement. The serial correlation of -0.51 indicates that about 51.0% of current China Taiping price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 12.93 |
China Taiping Insurance lagged returns against current returns
Autocorrelation, which is China Taiping 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 Taiping's pink sheet expected returns. We can calculate the autocorrelation of China Taiping returns to help us make a trade decision. For example, suppose you find that China Taiping 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 Taiping 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 Taiping pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Taiping 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 Taiping pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Taiping Lagged Returns
When evaluating China Taiping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Taiping pink sheet have on its future price. China Taiping 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 Taiping autocorrelation shows the relationship between China Taiping pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Taiping Insurance.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for China Pink Sheet Analysis
When running China Taiping's price analysis, check to measure China Taiping'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 Taiping is operating at the current time. Most of China Taiping's value examination focuses on studying past and present price action to predict the probability of China Taiping'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 Taiping's price. Additionally, you may evaluate how the addition of China Taiping to your portfolios can decrease your overall portfolio volatility.