China Water Affairs Stock Market Value
| CWAFF Stock | USD 0.61 0.01 1.67% |
| Symbol | China |
China Water '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 Water'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 Water.
| 10/21/2023 |
| 04/18/2024 |
If you would invest 0.00 in China Water on October 21, 2023 and sell it all today you would earn a total of 0.00 from holding China Water Affairs or generate 0.0% return on investment in China Water over 180 days. China Water is related to or competes with Artesian Resources, Global Water, Essential Utilities, American Water, American States, California Water, and Consolidated Water. China Water Affairs Group Limited, an investment holding company, engages in the water supply, environmental protection,... More
China Water 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 Water'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 Water Affairs upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0372 | |||
| Maximum Drawdown | 28.29 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 1.67 |
China Water Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Water's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Water's standard deviation. In reality, there are many statistical measures that can use China Water historical prices to predict the future China Water's volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | 0.1801 | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.68) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Water'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 Water Affairs Backtested Returns
China Water appears to be abnormally volatile, given 3 months investment horizon. China Water Affairs secures Sharpe Ratio (or Efficiency) of 0.0845, which signifies that the company had a 0.0845% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for China Water Affairs, which you can use to evaluate the volatility of the firm. Please makes use of China Water's Risk Adjusted Performance of 0.0421, standard deviation of 3.32, and Mean Deviation of 0.9795 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Water holds a performance score of 6. The firm shows a Beta (market volatility) of -0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Water are expected to decrease at a much lower rate. During the bear market, China Water is likely to outperform the market. Please check China Water's jensen alpha, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to make a quick decision on whether China Water's price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
China Water Affairs has good reverse predictability. Overlapping area represents the amount of predictability between China Water time series from 21st of October 2023 to 19th of January 2024 and 19th of January 2024 to 18th 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 Water Affairs price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current China Water price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Water Affairs lagged returns against current returns
Autocorrelation, which is China Water 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 Water's pink sheet expected returns. We can calculate the autocorrelation of China Water returns to help us make a trade decision. For example, suppose you find that China Water 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 Water 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 Water pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Water 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 Water pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Water Lagged Returns
When evaluating China Water's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Water pink sheet have on its future price. China Water 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 Water autocorrelation shows the relationship between China Water pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Water Affairs.
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 Water 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 Water's short interest history, or implied volatility extrapolated from China Water options trading.
Pair Trading with China Water
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 Water 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 Water will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
| 0.63 | WISA | WiSA Technologies Trending | PairCorr |
| 0.48 | AWK | American Water Works Financial Report 24th of April 2024 | PairCorr |
| 0.45 | SVTRF | Severn Trent PLC | PairCorr |
The ability to find closely correlated positions to China Water 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 Water 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 Water - 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 Water Affairs to buy it.
The correlation of China Water 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 Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Water Affairs 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 Water 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 Water Correlation, China Water Volatility and China Water Alpha and Beta module to complement your research on China Water. Note that the China Water Affairs information on this page should be used as a complementary analysis to other China Water'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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for China Pink Sheet analysis
When running China Water's price analysis, check to measure China Water'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 Water is operating at the current time. Most of China Water's value examination focuses on studying past and present price action to predict the probability of China Water'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 Water's price. Additionally, you may evaluate how the addition of China Water to your portfolios can decrease your overall portfolio volatility.
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China Water 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.