Guocheng Mining (China) Market Value
| 000688 Stock | 14.00 0.54 4.01% |
| Symbol | Guocheng |
Guocheng Mining '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 Guocheng Mining'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 Guocheng Mining.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Guocheng Mining on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Guocheng Mining Co or generate 0.0% return on investment in Guocheng Mining over 30 days. Guocheng Mining is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Guocheng Mining is entity of China. It is traded as Stock on SHE exchange. More
Guocheng Mining 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 Guocheng Mining'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 Guocheng Mining Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.1499 | |||
| Maximum Drawdown | 19.73 | |||
| Value At Risk | (5.18) | |||
| Potential Upside | 7.18 |
Guocheng Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guocheng Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guocheng Mining's standard deviation. In reality, there are many statistical measures that can use Guocheng Mining historical prices to predict the future Guocheng Mining's volatility.| Risk Adjusted Performance | 0.1492 | |||
| Jensen Alpha | 0.7898 | |||
| Total Risk Alpha | 0.113 | |||
| Sortino Ratio | 0.1603 | |||
| Treynor Ratio | (0.59) |
Guocheng Mining Backtested Returns
Guocheng Mining appears to be somewhat reliable, given 3 months investment horizon. Guocheng Mining holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. By evaluating Guocheng Mining's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize Guocheng Mining's Risk Adjusted Performance of 0.1492, market risk adjusted performance of (0.58), and Downside Deviation of 3.4 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guocheng Mining holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of -1.13, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Guocheng Mining are expected to decrease slowly. On the other hand, during market turmoil, Guocheng Mining is expected to outperform it slightly. Please check Guocheng Mining's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Guocheng Mining's current trending patterns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Guocheng Mining Co has very weak predictability. Overlapping area represents the amount of predictability between Guocheng Mining time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Guocheng Mining price movement. The serial correlation of 0.19 indicates that over 19.0% of current Guocheng Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Guocheng Mining lagged returns against current returns
Autocorrelation, which is Guocheng Mining 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 Guocheng Mining's stock expected returns. We can calculate the autocorrelation of Guocheng Mining returns to help us make a trade decision. For example, suppose you find that Guocheng Mining 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 price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Guocheng Mining 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 Guocheng Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guocheng Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guocheng Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Guocheng Mining Lagged Returns
When evaluating Guocheng Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guocheng Mining stock have on its future price. Guocheng Mining 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, Guocheng Mining autocorrelation shows the relationship between Guocheng Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Guocheng Mining Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Guocheng Stock
Guocheng Mining financial ratios help investors to determine whether Guocheng Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Guocheng with respect to the benefits of owning Guocheng Mining security.