Guocheng Mining (China) Market Value
| 000688 Stock | 12.27 0.06 0.49% |
| 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.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Guocheng Mining on January 17, 2025 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 Northking Information, Shenzhen Bioeasy, Jinhe Biotechnology, Changchun BCHT, Ningbo MedicalSystem, and INKON Life. 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 | 3.39 | |||
| Information Ratio | 0.0111 | |||
| Maximum Drawdown | 19.45 | |||
| Value At Risk | (5.38) | |||
| Potential Upside | 6.6 |
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 | 0.0181 | |||
| Jensen Alpha | 0.0405 | |||
| Total Risk Alpha | 0.0355 | |||
| Sortino Ratio | 0.0118 | |||
| Treynor Ratio | 0.0773 |
Guocheng Mining Backtested Returns
Guocheng Mining holds Efficiency (Sharpe) Ratio of -0.0499, which attests that the entity had a -0.0499 % return per unit of risk over the last 3 months. Guocheng Mining exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guocheng Mining's Market Risk Adjusted Performance of 0.0873, risk adjusted performance of 0.0181, and Downside Deviation of 3.39 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guocheng Mining's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guocheng Mining is expected to be smaller as well. At this point, Guocheng Mining has a negative expected return of -0.17%. Please make sure to check out Guocheng Mining's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Guocheng Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Guocheng Mining Co has good reverse predictability. Overlapping area represents the amount of predictability between Guocheng Mining time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. 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 -0.51 indicates that about 51.0% of current Guocheng Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
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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.