Guangdong HongDa (China) Market Value
| 002683 Stock | 27.56 0.22 0.79% |
| Symbol | Guangdong |
Guangdong HongDa '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 Guangdong HongDa'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 Guangdong HongDa.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in Guangdong HongDa on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong HongDa Blasting or generate 0.0% return on investment in Guangdong HongDa over 180 days. Guangdong HongDa is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Guangdong HongDa is entity of China. It is traded as Stock on SHE exchange. More
Guangdong HongDa 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 Guangdong HongDa'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 Guangdong HongDa Blasting upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.2007 | |||
| Maximum Drawdown | 14.3 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 5.94 |
Guangdong HongDa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong HongDa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong HongDa's standard deviation. In reality, there are many statistical measures that can use Guangdong HongDa historical prices to predict the future Guangdong HongDa's volatility.| Risk Adjusted Performance | 0.1993 | |||
| Jensen Alpha | 0.6048 | |||
| Total Risk Alpha | 0.2191 | |||
| Sortino Ratio | 0.316 | |||
| Treynor Ratio | 1.27 |
Guangdong HongDa Blasting Backtested Returns
Guangdong HongDa appears to be very steady, given 3 months investment horizon. Guangdong HongDa Blasting holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of standard deviation over the last 3 months. By evaluating Guangdong HongDa's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Guangdong HongDa's market risk adjusted performance of 1.28, and Risk Adjusted Performance of 0.1993 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong HongDa holds a performance score of 18. The company retains a Market Volatility (i.e., Beta) of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guangdong HongDa's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong HongDa is expected to be smaller as well. Please check Guangdong HongDa's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong HongDa's current trending patterns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Guangdong HongDa Blasting has excellent reverse predictability. Overlapping area represents the amount of predictability between Guangdong HongDa time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Guangdong HongDa Blasting price movement. The serial correlation of -0.81 indicates that around 81.0% of current Guangdong HongDa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 11.43 |
Guangdong HongDa Blasting lagged returns against current returns
Autocorrelation, which is Guangdong HongDa 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 Guangdong HongDa's stock expected returns. We can calculate the autocorrelation of Guangdong HongDa returns to help us make a trade decision. For example, suppose you find that Guangdong HongDa 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 |
Guangdong HongDa 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 Guangdong HongDa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong HongDa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong HongDa stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong HongDa Lagged Returns
When evaluating Guangdong HongDa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong HongDa stock have on its future price. Guangdong HongDa 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, Guangdong HongDa autocorrelation shows the relationship between Guangdong HongDa stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong HongDa Blasting.
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 Guangdong Stock
Guangdong HongDa financial ratios help investors to determine whether Guangdong 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 Guangdong with respect to the benefits of owning Guangdong HongDa security.