Guangzhou Zhujiang (China) Market Value
| 002461 Stock | 8.72 0.30 3.33% |
| Symbol | Guangzhou |
Guangzhou Zhujiang '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 Guangzhou Zhujiang'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 Guangzhou Zhujiang.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Guangzhou Zhujiang on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Guangzhou Zhujiang Brewery or generate 0.0% return on investment in Guangzhou Zhujiang over 270 days. Guangzhou Zhujiang is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Guangzhou Zhujiang is entity of China. It is traded as Stock on SHE exchange. More
Guangzhou Zhujiang 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 Guangzhou Zhujiang'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 Guangzhou Zhujiang Brewery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.09 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 13.95 | |||
| Value At Risk | (2.87) | |||
| Potential Upside | 3.3 |
Guangzhou Zhujiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangzhou Zhujiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangzhou Zhujiang's standard deviation. In reality, there are many statistical measures that can use Guangzhou Zhujiang historical prices to predict the future Guangzhou Zhujiang's volatility.| Risk Adjusted Performance | 0.0141 | |||
| Jensen Alpha | 0.0447 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.04) |
Guangzhou Zhujiang Backtested Returns
At this point, Guangzhou Zhujiang is somewhat reliable. Guangzhou Zhujiang holds Efficiency (Sharpe) Ratio of 0.0155, which attests that the entity had a 0.0155% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Guangzhou Zhujiang, which you can use to evaluate the volatility of the firm. Please check out Guangzhou Zhujiang's risk adjusted performance of 0.0141, and Market Risk Adjusted Performance of (0.03) to validate if the risk estimate we provide is consistent with the expected return of 0.0354%. Guangzhou Zhujiang has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangzhou Zhujiang are expected to decrease at a much lower rate. During the bear market, Guangzhou Zhujiang is likely to outperform the market. Guangzhou Zhujiang right now retains a risk of 2.29%. Please check out Guangzhou Zhujiang market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Guangzhou Zhujiang will be following its current trending patterns.
Auto-correlation | 0.15 |
Insignificant predictability
Guangzhou Zhujiang Brewery has insignificant predictability. Overlapping area represents the amount of predictability between Guangzhou Zhujiang time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Guangzhou Zhujiang price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Guangzhou Zhujiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Guangzhou Zhujiang lagged returns against current returns
Autocorrelation, which is Guangzhou Zhujiang 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 Guangzhou Zhujiang's stock expected returns. We can calculate the autocorrelation of Guangzhou Zhujiang returns to help us make a trade decision. For example, suppose you find that Guangzhou Zhujiang 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 |
Guangzhou Zhujiang 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 Guangzhou Zhujiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangzhou Zhujiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangzhou Zhujiang stock over time.
Current vs Lagged Prices |
| Timeline |
Guangzhou Zhujiang Lagged Returns
When evaluating Guangzhou Zhujiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangzhou Zhujiang stock have on its future price. Guangzhou Zhujiang 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, Guangzhou Zhujiang autocorrelation shows the relationship between Guangzhou Zhujiang stock current value and its past values and can show if there is a momentum factor associated with investing in Guangzhou Zhujiang Brewery.
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 Guangzhou Stock
Guangzhou Zhujiang financial ratios help investors to determine whether Guangzhou 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 Guangzhou with respect to the benefits of owning Guangzhou Zhujiang security.