Guangzhou Hangxin (China) Market Value
| 300424 Stock | 14.78 0.27 1.79% |
| Symbol | Guangzhou |
Guangzhou Hangxin '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 Hangxin'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 Hangxin.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Guangzhou Hangxin on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Guangzhou Hangxin Aviation or generate 0.0% return on investment in Guangzhou Hangxin over 30 days. Guangzhou Hangxin is related to or competes with HeNan Splendor, Elite Color, GRG Banking, Shenwu Energy, Bank of Suzhou, and Dynagreen Environmental. Guangzhou Hangxin is entity of China. It is traded as Stock on SHE exchange. More
Guangzhou Hangxin 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 Hangxin'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 Hangxin Aviation upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 20.2 | |||
| Value At Risk | (6.72) | |||
| Potential Upside | 5.75 |
Guangzhou Hangxin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangzhou Hangxin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangzhou Hangxin's standard deviation. In reality, there are many statistical measures that can use Guangzhou Hangxin historical prices to predict the future Guangzhou Hangxin's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.56) | |||
| Total Risk Alpha | (0.94) | |||
| Treynor Ratio | (1.25) |
Guangzhou Hangxin Backtested Returns
Guangzhou Hangxin holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12 % return per unit of standard deviation over the last 3 months. Guangzhou Hangxin exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guangzhou Hangxin's risk adjusted performance of (0.10), and Market Risk Adjusted Performance of (1.24) to validate the risk estimate we provide. 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, Guangzhou Hangxin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangzhou Hangxin is expected to be smaller as well. At this point, Guangzhou Hangxin has a negative expected return of -0.45%. Please make sure to check out Guangzhou Hangxin's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Guangzhou Hangxin performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Guangzhou Hangxin Aviation has average predictability. Overlapping area represents the amount of predictability between Guangzhou Hangxin time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. 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 Hangxin price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Guangzhou Hangxin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Guangzhou Hangxin lagged returns against current returns
Autocorrelation, which is Guangzhou Hangxin 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 Hangxin's stock expected returns. We can calculate the autocorrelation of Guangzhou Hangxin returns to help us make a trade decision. For example, suppose you find that Guangzhou Hangxin 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 Hangxin 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 Hangxin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangzhou Hangxin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangzhou Hangxin stock over time.
Current vs Lagged Prices |
| Timeline |
Guangzhou Hangxin Lagged Returns
When evaluating Guangzhou Hangxin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangzhou Hangxin stock have on its future price. Guangzhou Hangxin 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 Hangxin autocorrelation shows the relationship between Guangzhou Hangxin stock current value and its past values and can show if there is a momentum factor associated with investing in Guangzhou Hangxin Aviation.
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 Hangxin 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 Hangxin security.