Guangxi Guitang (China) Market Value
| 000833 Stock | 17.05 0.87 5.38% |
| Symbol | Guangxi |
Guangxi Guitang '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 Guangxi Guitang'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 Guangxi Guitang.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Guangxi Guitang on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Guangxi Guitang Group or generate 0.0% return on investment in Guangxi Guitang over 180 days. Guangxi Guitang is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Guangxi Guitang is entity of China. It is traded as Stock on SHE exchange. More
Guangxi Guitang 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 Guangxi Guitang'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 Guangxi Guitang Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.23 | |||
| Information Ratio | 0.3795 | |||
| Maximum Drawdown | 20.05 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 10.04 |
Guangxi Guitang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangxi Guitang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangxi Guitang's standard deviation. In reality, there are many statistical measures that can use Guangxi Guitang historical prices to predict the future Guangxi Guitang's volatility.| Risk Adjusted Performance | 0.3206 | |||
| Jensen Alpha | 1.9 | |||
| Total Risk Alpha | 1.14 | |||
| Sortino Ratio | 0.5591 | |||
| Treynor Ratio | 8.06 |
Guangxi Guitang Group Backtested Returns
Guangxi Guitang is somewhat reliable given 3 months investment horizon. Guangxi Guitang Group holds Efficiency (Sharpe) Ratio of 0.45, which attests that the entity had a 0.45% return per unit of standard deviation over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 2.21% are justified by taking the suggested risk. Use Guangxi Guitang Group risk adjusted performance of 0.3206, and Market Risk Adjusted Performance of 8.07 to evaluate company specific risk that cannot be diversified away. Guangxi Guitang holds a performance score of 35 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guangxi Guitang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangxi Guitang is expected to be smaller as well. Use Guangxi Guitang Group market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Guangxi Guitang Group.
Auto-correlation | 0.66 |
Good predictability
Guangxi Guitang Group has good predictability. Overlapping area represents the amount of predictability between Guangxi Guitang time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Guangxi Guitang Group price movement. The serial correlation of 0.66 indicates that around 66.0% of current Guangxi Guitang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 19.64 |
Guangxi Guitang Group lagged returns against current returns
Autocorrelation, which is Guangxi Guitang 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 Guangxi Guitang's stock expected returns. We can calculate the autocorrelation of Guangxi Guitang returns to help us make a trade decision. For example, suppose you find that Guangxi Guitang 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 |
Guangxi Guitang 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 Guangxi Guitang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangxi Guitang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangxi Guitang stock over time.
Current vs Lagged Prices |
| Timeline |
Guangxi Guitang Lagged Returns
When evaluating Guangxi Guitang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangxi Guitang stock have on its future price. Guangxi Guitang 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, Guangxi Guitang autocorrelation shows the relationship between Guangxi Guitang stock current value and its past values and can show if there is a momentum factor associated with investing in Guangxi Guitang Group.
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 Guangxi Stock
Guangxi Guitang financial ratios help investors to determine whether Guangxi 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 Guangxi with respect to the benefits of owning Guangxi Guitang security.