China Construction Bank Stock Market Value
| CICHF Stock | USD 0.68 0.03 4.62% |
| Symbol | China |
China Construction '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 Construction'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 Construction.
| 05/23/2022 |
| 05/12/2024 |
If you would invest 0.00 in China Construction on May 23, 2022 and sell it all today you would earn a total of 0.00 from holding China Construction Bank or generate 0.0% return on investment in China Construction over 720 days. China Construction is related to or competes with Bank of America, Mitsubishi UFJ, Natwest Group, Barclays PLC, and Bank of America. China Construction Bank Corporation provides various banking and related financial services to individuals and corporate... More
China Construction 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 Construction'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 Construction Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.0546 | |||
| Maximum Drawdown | 12.82 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.92 |
China Construction Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Construction's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Construction's standard deviation. In reality, there are many statistical measures that can use China Construction historical prices to predict the future China Construction's volatility.| Risk Adjusted Performance | 0.0616 | |||
| Jensen Alpha | 0.2402 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0366 | |||
| Treynor Ratio | (0.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Construction'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 Construction Bank Backtested Returns
China Construction appears to be extremely dangerous, given 3 months investment horizon. China Construction Bank secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for China Construction Bank, which you can use to evaluate the volatility of the firm. Please makes use of China Construction's Mean Deviation of 1.5, downside deviation of 3.75, and Risk Adjusted Performance of 0.0616 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Construction holds a performance score of 9. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning China Construction are expected to decrease at a much lower rate. During the bear market, China Construction is likely to outperform the market. Please check China Construction's information ratio, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether China Construction's price patterns will revert.
Auto-correlation | 0.41 |
Average predictability
China Construction Bank has average predictability. Overlapping area represents the amount of predictability between China Construction time series from 23rd of May 2022 to 18th of May 2023 and 18th of May 2023 to 12th 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 Construction Bank price movement. The serial correlation of 0.41 indicates that just about 41.0% of current China Construction price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Construction Bank lagged returns against current returns
Autocorrelation, which is China Construction 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 Construction's pink sheet expected returns. We can calculate the autocorrelation of China Construction returns to help us make a trade decision. For example, suppose you find that China Construction 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 Construction 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 Construction pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Construction 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 Construction pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Construction Lagged Returns
When evaluating China Construction's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Construction pink sheet have on its future price. China Construction 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 Construction autocorrelation shows the relationship between China Construction pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Construction Bank.
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 Construction 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 Construction's short interest history, or implied volatility extrapolated from China Construction options trading.
Pair Trading with China Construction
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 Construction 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 Construction will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
| 0.52 | INTC | Intel Financial Report 25th of July 2024 | PairCorr |
| 0.48 | CSCO | Cisco Systems Report 15th of May 2024 | PairCorr |
The ability to find closely correlated positions to China Construction 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 Construction 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 Construction - 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 Construction Bank to buy it.
The correlation of China Construction 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 Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Construction Bank 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 Construction 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 Construction Correlation, China Construction Volatility and China Construction Alpha and Beta module to complement your research on China Construction. Note that the China Construction Bank information on this page should be used as a complementary analysis to other China Construction's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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 Construction's price analysis, check to measure China Construction'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 Construction is operating at the current time. Most of China Construction's value examination focuses on studying past and present price action to predict the probability of China Construction'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 Construction's price. Additionally, you may evaluate how the addition of China Construction to your portfolios can decrease your overall portfolio volatility.
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China Construction 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.