China Eastern Airlines Stock Market Value
| CHEAF Stock | USD 0.25 0.00 0.00% |
| Symbol | China |
China Eastern '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 Eastern'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 Eastern.
| 11/23/2023 |
| 05/21/2024 |
If you would invest 0.00 in China Eastern on November 23, 2023 and sell it all today you would earn a total of 0.00 from holding China Eastern Airlines or generate 0.0% return on investment in China Eastern over 180 days. China Eastern is related to or competes with Pfizer, Bank of America, Hudbay Minerals, Vital FarmsInc, Citigroup, GCT Semiconductor, and Crowdstrike Holdings. China Eastern Airlines Corporation Limited, together with its subsidiaries, operates in the civil aviation industry in t... More
China Eastern 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 Eastern'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 Eastern Airlines upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.18 |
China Eastern Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Eastern's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Eastern's standard deviation. In reality, there are many statistical measures that can use China Eastern historical prices to predict the future China Eastern's volatility.| Risk Adjusted Performance | 0.0114 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | 0.0058 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Eastern'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 Eastern Airlines Backtested Returns
We consider China Eastern abnormally volatile. China Eastern Airlines secures Sharpe Ratio (or Efficiency) of 0.0085, which signifies that the company had a 0.0085% return per unit of risk over the last 3 months. We have found sixteen technical indicators for China Eastern Airlines, which you can use to evaluate the volatility of the firm. Please confirm China Eastern's Mean Deviation of 0.489, standard deviation of 1.7, and Risk Adjusted Performance of 0.0114 to double-check if the risk estimate we provide is consistent with the expected return of 0.0149%. The firm shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, China Eastern's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Eastern is expected to be smaller as well. China Eastern Airlines right now shows a risk of 1.74%. Please confirm China Eastern Airlines variance, skewness, day typical price, as well as the relationship between the treynor ratio and rate of daily change , to decide if China Eastern Airlines will be following its price patterns.
Auto-correlation | 0.62 |
Good predictability
China Eastern Airlines has good predictability. Overlapping area represents the amount of predictability between China Eastern time series from 23rd of November 2023 to 21st of February 2024 and 21st of February 2024 to 21st 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 Eastern Airlines price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current China Eastern price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
China Eastern Airlines lagged returns against current returns
Autocorrelation, which is China Eastern 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 Eastern's pink sheet expected returns. We can calculate the autocorrelation of China Eastern returns to help us make a trade decision. For example, suppose you find that China Eastern 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 Eastern 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 Eastern pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Eastern 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 Eastern pink sheet over time.
Current vs Lagged Prices |
| Timeline |
China Eastern Lagged Returns
When evaluating China Eastern's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Eastern pink sheet have on its future price. China Eastern 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 Eastern autocorrelation shows the relationship between China Eastern pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Eastern Airlines.
Regressed Prices |
| Timeline |
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Check out China Eastern Correlation, China Eastern Volatility and China Eastern Alpha and Beta module to complement your research on China Eastern. Note that the China Eastern Airlines information on this page should be used as a complementary analysis to other China Eastern'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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for China Pink Sheet analysis
When running China Eastern's price analysis, check to measure China Eastern'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 Eastern is operating at the current time. Most of China Eastern's value examination focuses on studying past and present price action to predict the probability of China Eastern'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 Eastern's price. Additionally, you may evaluate how the addition of China Eastern to your portfolios can decrease your overall portfolio volatility.
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China Eastern 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.