Guangdong Tengen (China) Market Value
| 003003 Stock | 10.52 0.04 0.38% |
| Symbol | Guangdong |
Guangdong Tengen '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 Tengen'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 Tengen.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Guangdong Tengen on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Tengen Industrial or generate 0.0% return on investment in Guangdong Tengen over 30 days. Guangdong Tengen is related to or competes with Chongqing Shunbo, Aluminum Corp, Guangdong Jingyi, Hefei Metalforming, Western Metal, Senci Electric, and Ningbo Construction. Guangdong Tengen is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Tengen 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 Tengen'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 Tengen Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.1559 | |||
| Maximum Drawdown | 16.86 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 4.22 |
Guangdong Tengen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Tengen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Tengen's standard deviation. In reality, there are many statistical measures that can use Guangdong Tengen historical prices to predict the future Guangdong Tengen's volatility.| Risk Adjusted Performance | 0.1576 | |||
| Jensen Alpha | 0.4346 | |||
| Total Risk Alpha | 0.1083 | |||
| Sortino Ratio | 0.1428 | |||
| Treynor Ratio | 1.15 |
Guangdong Tengen Ind Backtested Returns
Guangdong Tengen appears to be not too volatile, given 3 months investment horizon. Guangdong Tengen Ind holds Efficiency (Sharpe) Ratio of 0.28, which attests that the entity had a 0.28% return per unit of standard deviation over the last 3 months. By evaluating Guangdong Tengen's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Guangdong Tengen's risk adjusted performance of 0.1576, and Market Risk Adjusted Performance of 1.16 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Tengen holds a performance score of 22. The company retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guangdong Tengen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong Tengen is expected to be smaller as well. Please check Guangdong Tengen's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong Tengen's current trending patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Guangdong Tengen Industrial has below average predictability. Overlapping area represents the amount of predictability between Guangdong Tengen time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Tengen Ind price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Guangdong Tengen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Guangdong Tengen Ind lagged returns against current returns
Autocorrelation, which is Guangdong Tengen 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 Tengen's stock expected returns. We can calculate the autocorrelation of Guangdong Tengen returns to help us make a trade decision. For example, suppose you find that Guangdong Tengen 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 Tengen 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 Tengen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Tengen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Tengen stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Tengen Lagged Returns
When evaluating Guangdong Tengen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Tengen stock have on its future price. Guangdong Tengen 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 Tengen autocorrelation shows the relationship between Guangdong Tengen stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Tengen Industrial.
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 Tengen 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 Tengen security.