China Pink Sheet Market Value

CIHKY
 Stock
  

USD 26.18  0.28  1.06%   

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 Correlation, China Merchants Volatility and China Merchants Alpha and Beta module to complement your research on China Merchants.
Symbol

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' 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 Merchants.
0.00
12/18/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
12/08/2022
0.00
If you would invest  0.00  in China Merchants on December 18, 2020 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 720 days. China Merchants is related to or competes with Coca-Cola Bottlers, Fevertree Drinks, Coca-Cola European, Uni-President China, Keurig Dr, Yakult Honsha, and Nongfu Spring. China Merchants Bank Co., Ltd., together with its subsidiaries, provides various banking products and services More

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' 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 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
22.7326.1829.63
Details
Intrinsic
Valuation
LowReal ValueHigh
16.5319.9828.80
Details
Naive
Forecast
LowNext ValueHigh
22.0025.4428.89
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
17.5922.6027.61
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

We consider China Merchants not too volatile. China Merchants Bank secures Sharpe Ratio (or Efficiency) of 0.0362, which signifies that the company had 0.0362% 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-one technical indicators for China Merchants Bank, which you can use to evaluate the future volatility of the firm. Please confirm China Merchants Bank Risk Adjusted Performance of 0.0536, downside deviation of 3.09, and Mean Deviation of 2.4 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%.
China Merchants has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.2306, 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. Although it is important to respect China Merchants Bank historical returns, it is better to be realistic regarding the information on the equity's 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 Merchants Bank technical indicators, you can presently evaluate if the expected return of 0.13% will be sustainable into the future. China Merchants Bank right now shows a risk of 3.45%. Please confirm China Merchants Bank semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if China Merchants Bank will be following its price patterns.

Auto-correlation

    
  -0.5  

Modest reverse predictability

China Merchants Bank has modest reverse predictability. Overlapping area represents the amount of predictability between China Merchants time series from 18th of December 2020 to 13th of December 2021 and 13th of December 2021 to 8th 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 Merchants Bank price movement. The serial correlation of -0.5 indicates that about 50.0% of current China Merchants price fluctuation can be explain by its past prices.
Correlation Coefficient-0.5
Spearman Rank Test-0.46
Residual Average0.0
Price Variance51.25

China Merchants Bank lagged returns against current returns

Autocorrelation, which is China Merchants 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 Merchants' pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Merchants 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 Merchants pink sheet 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 pink sheet 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 pink sheet 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  

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.

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.
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 Correlation, China Merchants Volatility and China Merchants Alpha and Beta module to complement your research on China Merchants. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for 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.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Positions Ratings
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
Go
Fund Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Go
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Go
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Go
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Go
China Merchants 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, otc 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...