Guangzhou Jinyi (China) Market Value
| 002905 Stock | 7.40 0.60 7.50% |
| Symbol | Guangzhou |
Guangzhou Jinyi '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 Jinyi'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 Jinyi.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Guangzhou Jinyi on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Guangzhou Jinyi Media or generate 0.0% return on investment in Guangzhou Jinyi over 30 days. Guangzhou Jinyi is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Guangzhou Jinyi is entity of China. It is traded as Stock on SHE exchange. More
Guangzhou Jinyi 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 Jinyi'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 Jinyi Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0981 | |||
| Maximum Drawdown | 18.67 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 4.1 |
Guangzhou Jinyi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangzhou Jinyi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangzhou Jinyi's standard deviation. In reality, there are many statistical measures that can use Guangzhou Jinyi historical prices to predict the future Guangzhou Jinyi's volatility.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | 0.4456 | |||
| Total Risk Alpha | (0.000028) | |||
| Sortino Ratio | 0.0999 | |||
| Treynor Ratio | (0.91) |
Guangzhou Jinyi Media Backtested Returns
Guangzhou Jinyi appears to be slightly risky, given 3 months investment horizon. Guangzhou Jinyi Media holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Guangzhou Jinyi Media, which you can use to evaluate the volatility of the firm. Please utilize Guangzhou Jinyi's market risk adjusted performance of (0.90), and Risk Adjusted Performance of 0.1095 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangzhou Jinyi holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Guangzhou Jinyi are expected to decrease at a much lower rate. During the bear market, Guangzhou Jinyi is likely to outperform the market. Please check Guangzhou Jinyi's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangzhou Jinyi's current trending patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Guangzhou Jinyi Media has modest predictability. Overlapping area represents the amount of predictability between Guangzhou Jinyi time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Jinyi Media price movement. The serial correlation of 0.52 indicates that about 52.0% of current Guangzhou Jinyi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Guangzhou Jinyi Media lagged returns against current returns
Autocorrelation, which is Guangzhou Jinyi 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 Jinyi's stock expected returns. We can calculate the autocorrelation of Guangzhou Jinyi returns to help us make a trade decision. For example, suppose you find that Guangzhou Jinyi 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 Jinyi 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 Jinyi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangzhou Jinyi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangzhou Jinyi stock over time.
Current vs Lagged Prices |
| Timeline |
Guangzhou Jinyi Lagged Returns
When evaluating Guangzhou Jinyi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangzhou Jinyi stock have on its future price. Guangzhou Jinyi 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 Jinyi autocorrelation shows the relationship between Guangzhou Jinyi stock current value and its past values and can show if there is a momentum factor associated with investing in Guangzhou Jinyi Media.
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 Jinyi 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 Jinyi security.