COSCO SHIPPING (China) Market Value

601919
  

CNY 11.34  0.26  2.35%   

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 Correlation, COSCO SHIPPING Volatility and COSCO SHIPPING Alpha and Beta module to complement your research on COSCO SHIPPING.
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
10/09/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/29/2022
0.00
If you would invest  0.00  in COSCO SHIPPING on October 9, 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 is related to or competes with JIANGSU NEW, CHINA KINGS, CATHAY BIOTECH, BEIJING JINGYEDA, and SHANGHAI NEW. 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
9.1411.3413.54
Details
Intrinsic
Valuation
LowReal ValueHigh
8.0210.2212.42
Details
Naive
Forecast
LowNext ValueHigh
8.0210.2212.42
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.0112.8513.69
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

COSCO SHIPPING HOLDINGS secures Sharpe Ratio (or Efficiency) of -0.21, which signifies that the company had -0.21% of return per unit of volatility over the last 3 months. Macroaxis approach towards foreseeing the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. COSCO SHIPPING HOLDINGS exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm COSCO SHIPPING HOLDINGS mean deviation of 1.68, and Risk Adjusted Performance of (0.21) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of -0.4055, 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. Even though it is essential to pay attention to COSCO SHIPPING HOLDINGS historical returns, it is always good to be careful when utilizing equity current trending patterns. Our approach towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. COSCO SHIPPING HOLDINGS exposes twenty-seven different technical indicators, which can help you to evaluate its performance. COSCO SHIPPING HOLDINGS has an expected return of -0.45%. Please be advised to confirm COSCO SHIPPING HOLDINGS information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio to decide if COSCO SHIPPING HOLDINGS performance from the past will be repeated at future time.

Auto-correlation

    
  -0.71  

Almost perfect reverse predictability

COSCO SHIPPING HOLDINGS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between COSCO SHIPPING time series from 9th of October 2020 to 4th of October 2021 and 4th of October 2021 to 29th of September 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 -0.71 indicates that around 71.0% of current COSCO SHIPPING price fluctuation can be explain by its past prices.
Correlation Coefficient-0.71
Spearman Rank Test-0.76
Residual Average0.0
Price Variance3.36

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  

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 COSCO SHIPPING 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, COSCO SHIPPING's short interest history, or implied volatility extrapolated from COSCO SHIPPING options trading.

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.
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Please continue to COSCO SHIPPING Correlation, COSCO SHIPPING Volatility and COSCO SHIPPING Alpha and Beta module to complement your research on COSCO SHIPPING. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Other Tools for COSCO Stock

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.
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