COSCO SHIPPING (China) Market Value

601919
  

CNY 13.53  0.12  0.89%   

COSCO SHIPPING's market value is the price at which a share of COSCO SHIPPING stock trades on a public exchange. It measures the collective expectations of COSCO SHIPPING HOLDINGS investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of COSCO SHIPPING HOLDINGS and determine expected loss or profit from investing in COSCO SHIPPING over a given investment horizon. Please continue to COSCO SHIPPING Hype Analysis, COSCO SHIPPING Correlation, COSCO SHIPPING Valuation, COSCO SHIPPING Volatility, as well as analyze COSCO SHIPPING Alpha and Beta and COSCO SHIPPING Performance.
Symbol

Please note, there is a significant difference between COSCO SHIPPING's value and its price as these two are different measures arrived at by different means. Investors typically determine COSCO SHIPPING value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, COSCO SHIPPING's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

COSCO SHIPPING '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 COSCO SHIPPING's stock 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 COSCO SHIPPING.
0.00
08/21/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/11/2022
0.00
If you would invest  0.00  in COSCO SHIPPING on August 21, 2020 and sell it all today you would earn a total of 0.00 from holding COSCO SHIPPING HOLDINGS or generate 0.0% return on investment in COSCO SHIPPING over 720 days. COSCO SHIPPING Holdings Co., Ltd., an investment holding company, engages in the container shipping, container terminals...More

COSCO SHIPPING 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 COSCO SHIPPING's stock 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 COSCO SHIPPING HOLDINGS upside and downside potential and time the market with a certain degree of confidence.

COSCO SHIPPING Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for COSCO SHIPPING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as COSCO SHIPPING's standard deviation. In reality, there are many statistical measures that can use COSCO SHIPPING historical prices to predict the future COSCO SHIPPING's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of COSCO SHIPPING'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. Please use the tools below to analyze the current value of COSCO SHIPPING in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
11.1913.5315.87
Details
Intrinsic
Valuation
LowReal ValueHigh
9.1811.5213.86
Details
Naive
Forecast
LowNext ValueHigh
10.4512.7915.12
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.7413.2313.72
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as COSCO SHIPPING. Your research has to be compared to or analyzed against COSCO SHIPPING's peers to derive any actionable benefits. When done correctly, COSCO SHIPPING's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in COSCO SHIPPING HOLDINGS.

COSCO SHIPPING HOLDINGS Backtested Returns

We consider COSCO SHIPPING not too volatile. COSCO SHIPPING HOLDINGS secures Sharpe Ratio (or Efficiency) of 0.0102, which signifies that the company had 0.0102% of return per unit of volatility over the last 3 months. Our approach towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for COSCO SHIPPING HOLDINGS, which you can use to evaluate the future volatility of the firm. Please confirm COSCO SHIPPING HOLDINGS risk adjusted performance of (0.036816), and Mean Deviation of 1.79 to double-check if the risk estimate we provide is consistent with the expected return of 0.0237%.
The firm shows a Beta (market volatility) of -0.4301, which signifies possible diversification benefits within a given portfolio. Let's try to break down what COSCO's beta means in this case. As returns on the market increase, returns on owning COSCO SHIPPING are expected to decrease at a much lower rate. During the bear market, COSCO SHIPPING is likely to outperform the market. Although it is important to respect COSCO SHIPPING HOLDINGS historical returns, it is better to be realistic regarding the information on the equity's current trending patterns. The approach towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing COSCO SHIPPING HOLDINGS technical indicators, you can now evaluate if the expected return of 0.0237% will be sustainable into the future. COSCO SHIPPING HOLDINGS currently shows a risk of 2.34%. Please confirm COSCO SHIPPING HOLDINGS standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if COSCO SHIPPING HOLDINGS will be following its price patterns.

Auto-correlation

    
  -0.66  

Very good reverse predictability

COSCO SHIPPING HOLDINGS has very good reverse predictability. Overlapping area represents the amount of predictability between COSCO SHIPPING time series from 21st of August 2020 to 16th of August 2021 and 16th of August 2021 to 11th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of COSCO SHIPPING HOLDINGS price movement. The serial correlation of -0.66 indicates that around 66.0% of current COSCO SHIPPING price fluctuation can be explain by its past prices.
Correlation Coefficient-0.66
Spearman Rank Test-0.7
Residual Average0.0
Price Variance3.98

COSCO SHIPPING HOLDINGS lagged returns against current returns

Autocorrelation, which is COSCO SHIPPING stock'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 COSCO SHIPPING's stock expected returns. We can calculate the autocorrelation of COSCO SHIPPING returns to help us make a trade decision. For example, suppose you find that COSCO SHIPPING stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       Timeline  

COSCO SHIPPING 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 COSCO SHIPPING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if COSCO SHIPPING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in COSCO SHIPPING stock over time.
   Current vs Lagged Prices   
Share
       Timeline  

COSCO SHIPPING Lagged Returns

When evaluating COSCO SHIPPING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of COSCO SHIPPING stock have on its future price. COSCO SHIPPING 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, COSCO SHIPPING autocorrelation shows the relationship between COSCO SHIPPING stock current value and its past values and can show if there is a momentum factor associated with investing in COSCO SHIPPING HOLDINGS.
   Regressed Prices   
Share
       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in COSCO SHIPPING without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Global Correlations Now

   

Global Correlations

Find global opportunities by holding instruments from different markets
All  Next Launch Module

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Please continue to COSCO SHIPPING Hype Analysis, COSCO SHIPPING Correlation, COSCO SHIPPING Valuation, COSCO SHIPPING Volatility, as well as analyze COSCO SHIPPING Alpha and Beta and COSCO SHIPPING Performance. Note that the COSCO SHIPPING HOLDINGS information on this page should be used as a complementary analysis to other COSCO SHIPPING'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for COSCO Stock analysis

When running COSCO SHIPPING HOLDINGS price analysis, check to measure COSCO SHIPPING'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 COSCO SHIPPING is operating at the current time. Most of COSCO SHIPPING's value examination focuses on studying past and present price action to predict the probability of COSCO SHIPPING's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move COSCO SHIPPING's price. Additionally, you may evaluate how the addition of COSCO SHIPPING to your portfolios can decrease your overall portfolio volatility.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Go
COSCO SHIPPING technical stock 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, stock market cycles, or different charting patterns.
A focus of COSCO SHIPPING technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of COSCO SHIPPING trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...