China OTC Stock Market Value

CIHHF
 Stock
  

USD 6.65  0.15  2.31%   

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


Is China Merchants' 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 Merchants. 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 Merchants listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.13
Market Capitalization
173.2 B
Quarterly Revenue Growth YOY
0.098
Return On Assets
0.0138
Return On Equity
0.15
The market value of China Merchants Bank 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 Merchants' value that differs from its market value or its book value, called intrinsic value, which is China Merchants' 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 Merchants' market value can be influenced by many factors that don't directly affect China Merchants' 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 Merchants' value and its price as these two are different measures arrived at by different means. Investors typically determine China Merchants value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Merchants' 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 Merchants '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 Merchants' otc 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 Merchants.
0.00
06/01/2022
No Change 0.00  0.0 
In 30 days
07/01/2022
0.00
If you would invest  0.00  in China Merchants on June 1, 2022 and sell it all today you would earn a total of 0.00 from holding China Merchants Bank or generate 0.0% return on investment in China Merchants over 30 days. China Merchants is related to or competes with JP Morgan. China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and servicesMore

China Merchants 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 Merchants' otc 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 Merchants Bank upside and downside potential and time the market with a certain degree of confidence.

China Merchants Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for China Merchants' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Merchants' standard deviation. In reality, there are many statistical measures that can use China Merchants historical prices to predict the future China Merchants' volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of China Merchants' 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 Merchants in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3.146.6210.10
Details
Intrinsic
Valuation
LowReal ValueHigh
2.055.539.01
Details
Naive
Forecast
LowNext ValueHigh
3.537.0010.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.456.136.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Merchants. Your research has to be compared to or analyzed against China Merchants' peers to derive any actionable benefits. When done correctly, China Merchants' 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 Merchants Bank.

China Merchants Bank Backtested Returns

China Merchants Bank secures Sharpe Ratio (or Efficiency) of -0.0514, which signifies that the company had -0.0514% of return per unit of risk over the last 3 months. Macroaxis standpoint 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. China Merchants Bank exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm China Merchants Bank mean deviation of 1.31, and Risk Adjusted Performance of (0.06) to double-check the risk estimate we provide.
The firm shows a Beta (market volatility) of -0.205, which signifies not very significant fluctuations relative to the market. Let's try to break down what China's beta means in this case. As returns on the market increase, returns on owning China Merchants are expected to decrease at a much lower rate. During the bear market, China Merchants is likely to outperform the market. Even though it is essential to pay attention to China Merchants Bank historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy 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. China Merchants Bank exposes twenty-one different technical indicators, which can help you to evaluate its performance. China Merchants Bank has an expected return of -0.18%. Please be advised to confirm China Merchants Bank standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if China Merchants Bank performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.44  

Modest reverse predictability

China Merchants Bank has modest reverse predictability. Overlapping area represents the amount of predictability between China Merchants time series from 1st of June 2022 to 16th of June 2022 and 16th of June 2022 to 1st of July 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 Merchants Bank price movement. The serial correlation of -0.44 indicates that just about 44.0% of current China Merchants price fluctuation can be explain by its past prices.
Correlation Coefficient-0.44
Spearman Rank Test0.45
Residual Average0.0
Price Variance0.16

China Merchants Bank lagged returns against current returns

Autocorrelation, which is China Merchants otc 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 Merchants' otc stock expected returns. We can calculate the autocorrelation of China Merchants returns to help us make a trade decision. For example, suppose you find that China Merchants otc 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 

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

China Merchants Lagged Returns

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

China Merchants Investors Sentiment

The influence of China Merchants' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in China. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
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 Merchants 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 Merchants' short interest history, or implied volatility extrapolated from China Merchants options trading.

Current Sentiment - CIHHF

China Merchants Bank Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in China Merchants Bank. What is your opinion about investing in China Merchants Bank? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish

Pair Trading with China Merchants

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 Merchants 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 Merchants will appreciate offsetting losses from the drop in the long position's value.

China Merchants Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to China Merchants 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 Merchants 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 Merchants - 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 Merchants Bank to buy it.
The correlation of China Merchants 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 Merchants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Merchants Bank 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 Merchants 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 Merchants Hype Analysis, China Merchants Correlation, China Merchants Valuation, China Merchants Volatility, as well as analyze China Merchants Alpha and Beta and China Merchants Performance. Note that the China Merchants Bank information on this page should be used as a complementary analysis to other China Merchants' 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for China OTC Stock analysis

When running China Merchants Bank price analysis, check to measure China Merchants' 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 Merchants is operating at the current time. Most of China Merchants' value examination focuses on studying past and present price action to predict the probability of China Merchants' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move China Merchants' price. Additionally, you may evaluate how the addition of China Merchants to your portfolios can decrease your overall portfolio volatility.
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China Merchants technical otc 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 Merchants technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of China Merchants 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...