Gotion High (China) Market Value
| 002074 Stock | 22.70 1.05 4.42% |
| Symbol | Gotion |
Gotion High '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 Gotion High'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 Gotion High.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Gotion High on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding Gotion High tech or generate 0.0% return on investment in Gotion High over 540 days. Gotion High is related to or competes with Nuode Investment, Masterwork Machinery, Hunan Tyen, Metro Investment, Zhejiang Construction, Xiandai Investment, and Zoje Resources. Gotion High is entity of China. It is traded as Stock on SHE exchange. More
Gotion High 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 Gotion High'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 Gotion High tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0753 | |||
| Maximum Drawdown | 19.13 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.9 |
Gotion High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gotion High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gotion High's standard deviation. In reality, there are many statistical measures that can use Gotion High historical prices to predict the future Gotion High's volatility.| Risk Adjusted Performance | 0.097 | |||
| Jensen Alpha | 0.3842 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0883 | |||
| Treynor Ratio | (1.72) |
Gotion High tech Backtested Returns
Gotion High appears to be not too volatile, given 3 months investment horizon. Gotion High tech holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gotion High tech, which you can use to evaluate the volatility of the firm. Please utilize Gotion High's Downside Deviation of 2.7, risk adjusted performance of 0.097, and Market Risk Adjusted Performance of (1.71) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gotion High holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gotion High are expected to decrease at a much lower rate. During the bear market, Gotion High is likely to outperform the market. Please check Gotion High's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Gotion High's current trending patterns will revert.
Auto-correlation | -0.47 |
Modest reverse predictability
Gotion High tech has modest reverse predictability. Overlapping area represents the amount of predictability between Gotion High time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 Gotion High tech price movement. The serial correlation of -0.47 indicates that about 47.0% of current Gotion High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 3.25 |
Gotion High tech lagged returns against current returns
Autocorrelation, which is Gotion High 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 Gotion High's stock expected returns. We can calculate the autocorrelation of Gotion High returns to help us make a trade decision. For example, suppose you find that Gotion High 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 |
Gotion High 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 Gotion High stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gotion High stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gotion High stock over time.
Current vs Lagged Prices |
| Timeline |
Gotion High Lagged Returns
When evaluating Gotion High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gotion High stock have on its future price. Gotion High 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, Gotion High autocorrelation shows the relationship between Gotion High stock current value and its past values and can show if there is a momentum factor associated with investing in Gotion High tech.
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 Gotion Stock
Gotion High financial ratios help investors to determine whether Gotion 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 Gotion with respect to the benefits of owning Gotion High security.