China Stock Market Value

CEA
 Stock
  

USD 21.49  0.01  0.0465%   

China Eastern's market value is the price at which a share of China Eastern stock trades on a public exchange. It measures the collective expectations of China Eastern Airlines investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of China Eastern Airlines and determine expected loss or profit from investing in China Eastern over a given investment horizon. Continue to China Eastern Correlation, China Eastern Volatility and China Eastern Alpha and Beta module to complement your research on China Eastern.
Symbol


Is China Eastern's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Eastern. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Eastern listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
13.7 B
Quarterly Revenue Growth YOY
(0.07) 
Return On Assets
(0.06) 
Return On Equity
(0.93) 
The market value of China Eastern Airlines is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Eastern's value that differs from its market value or its book value, called intrinsic value, which is China Eastern's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Eastern's market value can be influenced by many factors that don't directly affect China Eastern's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Eastern's value and its price as these two are different measures arrived at by different means. Investors typically determine China Eastern value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Eastern'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.

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 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 China Eastern.
0.00
01/18/2021
No Change 0.00  0.0 
In 1 year 10 months and 22 days
12/09/2022
0.00
If you would invest  0.00  in China Eastern on January 18, 2021 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 690 days. China Eastern is related to or competes with State Street, Atlas Corp, Apollo Global, Franklin Resources, Bank of New York, 3i Group, and Investor. 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 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 China Eastern Airlines upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of China Eastern in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
18.7321.5524.37
Details
Intrinsic
Valuation
LowReal ValueHigh
20.9723.7926.61
Details
Naive
Forecast
LowNext ValueHigh
18.5321.3424.16
Details
Earnings
Estimates (2)
LowProjected EPSHigh
-4.62-4.24-3.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Eastern. Your research has to be compared to or analyzed against China Eastern's peers to derive any actionable benefits. When done correctly, China Eastern'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 China Eastern Airlines.

China Eastern Airlines Backtested Returns

China Eastern appears to be not too volatile, given 3 months investment horizon. China Eastern Airlines secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had 0.14% of return per unit of risk over the last 3 months. Our standpoint 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-eight technical indicators for China Eastern Airlines, which you can use to evaluate the future volatility of the firm. Please makes use of China Eastern's Mean Deviation of 2.03, risk adjusted performance of 0.2347, and Downside Deviation of 2.99 to double-check if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, China Eastern holds a performance score of 11. The firm shows a Beta (market volatility) of 0.5688, which signifies possible diversification benefits within a given portfolio. Let's try to break down what China's beta means in this case. As returns on the market increase, China Eastern returns are expected to increase less than the market. However, during the bear market, the loss on holding China Eastern will be expected to be smaller as well. Although it is vital to follow China Eastern Airlines historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy 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 China Eastern Airlines technical indicators, you can presently evaluate if the expected return of 0.41% will be sustainable into the future. Please makes use of China Eastern Airlines coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown to make a quick decision on whether China Eastern price patterns will revert.

Auto-correlation

    
  0.10  

Insignificant predictability

China Eastern Airlines has insignificant predictability. Overlapping area represents the amount of predictability between China Eastern time series from 18th of January 2021 to 29th of December 2021 and 29th of December 2021 to 9th of December 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 China Eastern Airlines price movement. The serial correlation of 0.1 indicates that less than 10.0% of current China Eastern price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test0.22
Residual Average0.0
Price Variance1.6

China Eastern Airlines lagged returns against current returns

Autocorrelation, which is China Eastern 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 China Eastern's stock 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 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   
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       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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Eastern stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Eastern stock over time.
   Current vs Lagged Prices   
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       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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in China Eastern Airlines.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in China Eastern without increasing your portfolio risk or giving up the 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.

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Pair Trading with China Eastern

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 Eastern 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 Eastern will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to China Eastern 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 Eastern 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 Eastern - 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 Eastern Airlines to buy it.
The correlation of China Eastern is a statistical measure of how it moves in relation to other equities. 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 Eastern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Eastern Airlines 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 Eastern 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.
Pair CorrelationCorrelation Matching
Continue to 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running China Eastern Airlines 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 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 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 China Eastern technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of China Eastern 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...