Goldlok Toys (China) Market Value
| 002348 Stock | 4.05 0.37 10.05% |
| Symbol | Goldlok |
Goldlok Toys '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 Goldlok Toys' 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 Goldlok Toys.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Goldlok Toys on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Goldlok Toys Holdings or generate 0.0% return on investment in Goldlok Toys over 690 days. Goldlok Toys is related to or competes with Shenzhen MYS, Shenzhen Bingchuan, Jizhong Energy, Hangzhou Huawang, Henan Lantian, Chongqing Changan, and Shanxi Xishan. Goldlok Toys is entity of China. It is traded as Stock on SHE exchange. More
Goldlok Toys 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 Goldlok Toys' 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 Goldlok Toys Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.9 | |||
| Information Ratio | 0.1761 | |||
| Maximum Drawdown | 20.12 | |||
| Value At Risk | (4.73) | |||
| Potential Upside | 10.0 |
Goldlok Toys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldlok Toys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldlok Toys' standard deviation. In reality, there are many statistical measures that can use Goldlok Toys historical prices to predict the future Goldlok Toys' volatility.| Risk Adjusted Performance | 0.1644 | |||
| Jensen Alpha | 0.7626 | |||
| Total Risk Alpha | 0.2145 | |||
| Sortino Ratio | 0.2073 | |||
| Treynor Ratio | 0.6706 |
Goldlok Toys Holdings Backtested Returns
Goldlok Toys is risky given 3 months investment horizon. Goldlok Toys Holdings holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We were able to analyze twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.19% are justified by taking the suggested risk. Use Goldlok Toys Holdings Market Risk Adjusted Performance of 0.6806, risk adjusted performance of 0.1644, and Downside Deviation of 3.9 to evaluate company specific risk that cannot be diversified away. Goldlok Toys holds a performance score of 19 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.38, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Goldlok Toys will likely underperform. Use Goldlok Toys Holdings coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to analyze future returns on Goldlok Toys Holdings.
Auto-correlation | 0.44 |
Average predictability
Goldlok Toys Holdings has average predictability. Overlapping area represents the amount of predictability between Goldlok Toys time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 to 26th 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 Goldlok Toys Holdings price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Goldlok Toys price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Goldlok Toys Holdings lagged returns against current returns
Autocorrelation, which is Goldlok Toys 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 Goldlok Toys' stock expected returns. We can calculate the autocorrelation of Goldlok Toys returns to help us make a trade decision. For example, suppose you find that Goldlok Toys 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 |
Goldlok Toys 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 Goldlok Toys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldlok Toys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldlok Toys stock over time.
Current vs Lagged Prices |
| Timeline |
Goldlok Toys Lagged Returns
When evaluating Goldlok Toys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldlok Toys stock have on its future price. Goldlok Toys 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, Goldlok Toys autocorrelation shows the relationship between Goldlok Toys stock current value and its past values and can show if there is a momentum factor associated with investing in Goldlok Toys Holdings.
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 Goldlok Stock
Goldlok Toys financial ratios help investors to determine whether Goldlok 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 Goldlok with respect to the benefits of owning Goldlok Toys security.