Guangdong Sanhe (China) Market Value
| 003037 Stock | 6.48 0.23 3.68% |
| Symbol | Guangdong |
Guangdong Sanhe '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 Sanhe'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 Sanhe.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Guangdong Sanhe on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Sanhe Pile or generate 0.0% return on investment in Guangdong Sanhe over 30 days. Guangdong Sanhe is related to or competes with Hua Xia, China Construction, Shanghai Metersbonwe, Postal Savings, CSSC Offshore, and Agricultural Bank. Guangdong Sanhe is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Sanhe 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 Sanhe'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 Sanhe Pile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.1201 | |||
| Maximum Drawdown | 18.68 | |||
| Value At Risk | (4.05) | |||
| Potential Upside | 4.27 |
Guangdong Sanhe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Sanhe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Sanhe's standard deviation. In reality, there are many statistical measures that can use Guangdong Sanhe historical prices to predict the future Guangdong Sanhe's volatility.| Risk Adjusted Performance | 0.1342 | |||
| Jensen Alpha | 0.4453 | |||
| Total Risk Alpha | 0.035 | |||
| Sortino Ratio | 0.117 | |||
| Treynor Ratio | (6.76) |
Guangdong Sanhe Pile Backtested Returns
Guangdong Sanhe appears to be slightly risky, given 3 months investment horizon. Guangdong Sanhe Pile holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Guangdong Sanhe Pile, which you can use to evaluate the volatility of the firm. Please utilize Guangdong Sanhe's market risk adjusted performance of (6.75), and Risk Adjusted Performance of 0.1342 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Sanhe holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.0648, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Sanhe are expected to decrease at a much lower rate. During the bear market, Guangdong Sanhe is likely to outperform the market. Please check Guangdong Sanhe'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 Guangdong Sanhe's current trending patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Guangdong Sanhe Pile has weak reverse predictability. Overlapping area represents the amount of predictability between Guangdong Sanhe time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Sanhe Pile price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Guangdong Sanhe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Guangdong Sanhe Pile lagged returns against current returns
Autocorrelation, which is Guangdong Sanhe 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 Sanhe's stock expected returns. We can calculate the autocorrelation of Guangdong Sanhe returns to help us make a trade decision. For example, suppose you find that Guangdong Sanhe 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 Sanhe 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 Sanhe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Sanhe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Sanhe stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Sanhe Lagged Returns
When evaluating Guangdong Sanhe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Sanhe stock have on its future price. Guangdong Sanhe 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 Sanhe autocorrelation shows the relationship between Guangdong Sanhe stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Sanhe Pile.
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 Sanhe 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 Sanhe security.