Guangzhou Jointas (China) Market Value
| 002909 Stock | 5.52 0.16 2.82% |
| Symbol | Guangzhou |
Guangzhou Jointas '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 Jointas' 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 Jointas.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Guangzhou Jointas on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Guangzhou Jointas Chemical or generate 0.0% return on investment in Guangzhou Jointas over 30 days. Guangzhou Jointas is related to or competes with Zijin Mining, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. Guangzhou Jointas is entity of China. It is traded as Stock on SHE exchange. More
Guangzhou Jointas 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 Jointas' 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 Jointas Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.86 | |||
| Information Ratio | 0.1674 | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 4.37 |
Guangzhou Jointas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangzhou Jointas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangzhou Jointas' standard deviation. In reality, there are many statistical measures that can use Guangzhou Jointas historical prices to predict the future Guangzhou Jointas' volatility.| Risk Adjusted Performance | 0.169 | |||
| Jensen Alpha | 0.6571 | |||
| Total Risk Alpha | 0.1541 | |||
| Sortino Ratio | 0.1707 | |||
| Treynor Ratio | (1.42) |
Guangzhou Jointas Backtested Returns
Guangzhou Jointas appears to be moderately volatile, given 3 months investment horizon. Guangzhou Jointas holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of standard deviation over the last 3 months. By evaluating Guangzhou Jointas' technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Guangzhou Jointas' risk adjusted performance of 0.169, and Market Risk Adjusted Performance of (1.41) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangzhou Jointas holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of -0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Guangzhou Jointas are expected to decrease at a much lower rate. During the bear market, Guangzhou Jointas is likely to outperform the market. Please check Guangzhou Jointas' 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 Guangzhou Jointas' current trending patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Guangzhou Jointas Chemical has modest predictability. Overlapping area represents the amount of predictability between Guangzhou Jointas time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Guangzhou Jointas price movement. The serial correlation of 0.52 indicates that about 52.0% of current Guangzhou Jointas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Guangzhou Jointas lagged returns against current returns
Autocorrelation, which is Guangzhou Jointas 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 Jointas' stock expected returns. We can calculate the autocorrelation of Guangzhou Jointas returns to help us make a trade decision. For example, suppose you find that Guangzhou Jointas 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 Jointas 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 Jointas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangzhou Jointas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangzhou Jointas stock over time.
Current vs Lagged Prices |
| Timeline |
Guangzhou Jointas Lagged Returns
When evaluating Guangzhou Jointas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangzhou Jointas stock have on its future price. Guangzhou Jointas 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 Jointas autocorrelation shows the relationship between Guangzhou Jointas stock current value and its past values and can show if there is a momentum factor associated with investing in Guangzhou Jointas Chemical.
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 Jointas 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 Jointas security.