Guangzhou Tinci (China) Market Value
| 002709 Stock | 18.28 0.34 1.83% |
| Symbol | Guangzhou |
Guangzhou Tinci '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 Tinci'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 Tinci.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Guangzhou Tinci on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Guangzhou Tinci Materials or generate 0.0% return on investment in Guangzhou Tinci over 720 days. Guangzhou Tinci is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Guangzhou Tinci is entity of China. It is traded as Stock on SHE exchange. More
Guangzhou Tinci 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 Tinci'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 Tinci Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.57 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 5.77 |
Guangzhou Tinci Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangzhou Tinci's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangzhou Tinci's standard deviation. In reality, there are many statistical measures that can use Guangzhou Tinci historical prices to predict the future Guangzhou Tinci's volatility.| Risk Adjusted Performance | 0.0116 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0084 |
Guangzhou Tinci Materials Backtested Returns
At this point, Guangzhou Tinci is not too volatile. Guangzhou Tinci Materials holds Efficiency (Sharpe) Ratio of 0.014, which attests that the entity had a 0.014 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Guangzhou Tinci Materials, which you can use to evaluate the volatility of the firm. Please check out Guangzhou Tinci's market risk adjusted performance of 0.0184, and Risk Adjusted Performance of 0.0116 to validate if the risk estimate we provide is consistent with the expected return of 0.0463%. Guangzhou Tinci has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guangzhou Tinci's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangzhou Tinci is expected to be smaller as well. Guangzhou Tinci Materials right now retains a risk of 3.3%. Please check out Guangzhou Tinci semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Guangzhou Tinci will be following its current trending patterns.
Auto-correlation | 0.05 |
Virtually no predictability
Guangzhou Tinci Materials has virtually no predictability. Overlapping area represents the amount of predictability between Guangzhou Tinci time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. 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 Tinci Materials price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Guangzhou Tinci price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 9.41 |
Guangzhou Tinci Materials lagged returns against current returns
Autocorrelation, which is Guangzhou Tinci 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 Tinci's stock expected returns. We can calculate the autocorrelation of Guangzhou Tinci returns to help us make a trade decision. For example, suppose you find that Guangzhou Tinci 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 Tinci 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 Tinci stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangzhou Tinci stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangzhou Tinci stock over time.
Current vs Lagged Prices |
| Timeline |
Guangzhou Tinci Lagged Returns
When evaluating Guangzhou Tinci's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangzhou Tinci stock have on its future price. Guangzhou Tinci 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 Tinci autocorrelation shows the relationship between Guangzhou Tinci stock current value and its past values and can show if there is a momentum factor associated with investing in Guangzhou Tinci Materials.
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 Tinci 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 Tinci security.