Guangzhou Ruoyuchen (China) Market Value
| 003010 Stock | 19.07 0.91 4.55% |
| Symbol | Guangzhou |
Guangzhou Ruoyuchen '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 Ruoyuchen'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 Ruoyuchen.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Guangzhou Ruoyuchen on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Guangzhou Ruoyuchen Information or generate 0.0% return on investment in Guangzhou Ruoyuchen over 30 days. Guangzhou Ruoyuchen is related to or competes with Offshore Oil, Fiberhome Telecommunicatio, Chinese Universe, CSSC Offshore, Vohringer Home, Shandong Homey, and Bomesc Offshore. Guangzhou Ruoyuchen is entity of China. It is traded as Stock on SHE exchange. More
Guangzhou Ruoyuchen 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 Ruoyuchen'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 Ruoyuchen Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.1853 | |||
| Maximum Drawdown | 18.95 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 8.27 |
Guangzhou Ruoyuchen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangzhou Ruoyuchen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangzhou Ruoyuchen's standard deviation. In reality, there are many statistical measures that can use Guangzhou Ruoyuchen historical prices to predict the future Guangzhou Ruoyuchen's volatility.| Risk Adjusted Performance | 0.1765 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | 0.2262 | |||
| Sortino Ratio | 0.2221 | |||
| Treynor Ratio | (0.54) |
Guangzhou Ruoyuchen Backtested Returns
Guangzhou Ruoyuchen appears to be somewhat reliable, given 3 months investment horizon. Guangzhou Ruoyuchen holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of standard deviation over the last 3 months. By evaluating Guangzhou Ruoyuchen's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please utilize Guangzhou Ruoyuchen's risk adjusted performance of 0.1765, and Market Risk Adjusted Performance of (0.53) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangzhou Ruoyuchen holds a performance score of 18. The company retains a Market Volatility (i.e., Beta) of -1.54, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Guangzhou Ruoyuchen are expected to decrease by larger amounts. On the other hand, during market turmoil, Guangzhou Ruoyuchen is expected to outperform it. Please check Guangzhou Ruoyuchen'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 Guangzhou Ruoyuchen's current trending patterns will revert.
Auto-correlation | 0.25 |
Poor predictability
Guangzhou Ruoyuchen Information has poor predictability. Overlapping area represents the amount of predictability between Guangzhou Ruoyuchen 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 Ruoyuchen price movement. The serial correlation of 0.25 indicates that over 25.0% of current Guangzhou Ruoyuchen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 2.19 |
Guangzhou Ruoyuchen lagged returns against current returns
Autocorrelation, which is Guangzhou Ruoyuchen 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 Ruoyuchen's stock expected returns. We can calculate the autocorrelation of Guangzhou Ruoyuchen returns to help us make a trade decision. For example, suppose you find that Guangzhou Ruoyuchen 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 Ruoyuchen 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 Ruoyuchen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangzhou Ruoyuchen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangzhou Ruoyuchen stock over time.
Current vs Lagged Prices |
| Timeline |
Guangzhou Ruoyuchen Lagged Returns
When evaluating Guangzhou Ruoyuchen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangzhou Ruoyuchen stock have on its future price. Guangzhou Ruoyuchen 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 Ruoyuchen autocorrelation shows the relationship between Guangzhou Ruoyuchen stock current value and its past values and can show if there is a momentum factor associated with investing in Guangzhou Ruoyuchen Information.
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 Ruoyuchen 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 Ruoyuchen security.