Guosheng Financial (China) Market Value
002670 Stock | 11.12 0.08 0.72% |
Symbol | Guosheng |
Guosheng Financial '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 Guosheng Financial'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 Guosheng Financial.
12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Guosheng Financial on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Guosheng Financial Holding or generate 0.0% return on investment in Guosheng Financial over 360 days. Guosheng Financial is related to or competes with PetroChina, China State, China Mobile, Industrial, China Life, Ping An, and China Construction. Guosheng Financial is entity of China. It is traded as Stock on SHE exchange. More
Guosheng Financial 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 Guosheng Financial'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 Guosheng Financial Holding upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 3.35 | |||
Information Ratio | 0.035 | |||
Maximum Drawdown | 20.03 | |||
Value At Risk | (4.76) | |||
Potential Upside | 8.71 |
Guosheng Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guosheng Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guosheng Financial's standard deviation. In reality, there are many statistical measures that can use Guosheng Financial historical prices to predict the future Guosheng Financial's volatility.Risk Adjusted Performance | 0.0611 | |||
Jensen Alpha | 0.3257 | |||
Total Risk Alpha | (0.34) | |||
Sortino Ratio | 0.0395 | |||
Treynor Ratio | (0.42) |
Guosheng Financial Backtested Returns
Guosheng Financial appears to be somewhat reliable, given 3 months investment horizon. Guosheng Financial holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Guosheng Financial, which you can use to evaluate the volatility of the firm. Please utilize Guosheng Financial's Risk Adjusted Performance of 0.0611, downside deviation of 3.35, and Market Risk Adjusted Performance of (0.41) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guosheng Financial holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Guosheng Financial are expected to decrease at a much lower rate. During the bear market, Guosheng Financial is likely to outperform the market. Please check Guosheng Financial's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Guosheng Financial's current trending patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Guosheng Financial Holding has poor predictability. Overlapping area represents the amount of predictability between Guosheng Financial time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Guosheng Financial price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Guosheng Financial price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.27 | |
Spearman Rank Test | 0.32 | |
Residual Average | 0.0 | |
Price Variance | 1.65 |
Guosheng Financial lagged returns against current returns
Autocorrelation, which is Guosheng Financial 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 Guosheng Financial's stock expected returns. We can calculate the autocorrelation of Guosheng Financial returns to help us make a trade decision. For example, suppose you find that Guosheng Financial 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 |
Guosheng Financial 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 Guosheng Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guosheng Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guosheng Financial stock over time.
Current vs Lagged Prices |
Timeline |
Guosheng Financial Lagged Returns
When evaluating Guosheng Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guosheng Financial stock have on its future price. Guosheng Financial 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, Guosheng Financial autocorrelation shows the relationship between Guosheng Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Guosheng Financial Holding.
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 Guosheng Stock
Guosheng Financial financial ratios help investors to determine whether Guosheng 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 Guosheng with respect to the benefits of owning Guosheng Financial security.