Guangdong Wens (China) Market Value
| 300498 Stock | 17.34 0.15 0.87% |
| Symbol | Guangdong |
Guangdong Wens '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 Wens' 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 Wens.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Guangdong Wens on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Wens Foodstuff or generate 0.0% return on investment in Guangdong Wens over 90 days. Guangdong Wens is related to or competes with Henan Shuanghui, Sportsoul, Shuhua Sports, Metro Investment, Kunwu Jiuding, Lander Sports, and Inly Media. Guangdong Wens is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Wens 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 Wens' 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 Wens Foodstuff upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.09 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 23.09 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 5.46 |
Guangdong Wens Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Wens' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Wens' standard deviation. In reality, there are many statistical measures that can use Guangdong Wens historical prices to predict the future Guangdong Wens' volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | 0.013 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.51) |
Guangdong Wens Foodstuff Backtested Returns
At this point, Guangdong Wens is not too volatile. Guangdong Wens Foodstuff holds Efficiency (Sharpe) Ratio of 0.0339, which attests that the entity had a 0.0339% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Guangdong Wens Foodstuff, which you can use to evaluate the volatility of the firm. Please check out Guangdong Wens' risk adjusted performance of 0.0126, and Market Risk Adjusted Performance of (0.50) to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Guangdong Wens has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0204, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Wens are expected to decrease at a much lower rate. During the bear market, Guangdong Wens is likely to outperform the market. Guangdong Wens Foodstuff right now retains a risk of 3.21%. Please check out Guangdong Wens market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Guangdong Wens will be following its current trending patterns.
Auto-correlation | -0.23 |
Weak reverse predictability
Guangdong Wens Foodstuff has weak reverse predictability. Overlapping area represents the amount of predictability between Guangdong Wens time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Wens Foodstuff price movement. The serial correlation of -0.23 indicates that over 23.0% of current Guangdong Wens price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Guangdong Wens Foodstuff lagged returns against current returns
Autocorrelation, which is Guangdong Wens 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 Wens' stock expected returns. We can calculate the autocorrelation of Guangdong Wens returns to help us make a trade decision. For example, suppose you find that Guangdong Wens 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 Wens 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 Wens stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Wens stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Wens stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Wens Lagged Returns
When evaluating Guangdong Wens' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Wens stock have on its future price. Guangdong Wens 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 Wens autocorrelation shows the relationship between Guangdong Wens stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Wens Foodstuff.
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 Wens 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 Wens security.