Guangdong Transtek (China) Market Value
| 300562 Stock | 13.01 0.30 2.36% |
| Symbol | Guangdong |
Guangdong Transtek '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 Transtek'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 Transtek.
| 02/05/2023 |
| 01/25/2025 |
If you would invest 0.00 in Guangdong Transtek on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding Guangdong Transtek Medical or generate 0.0% return on investment in Guangdong Transtek over 720 days. Guangdong Transtek is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. Guangdong Transtek is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Transtek 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 Transtek'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 Transtek Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.13 | |||
| Information Ratio | 0.0028 | |||
| Maximum Drawdown | 28.07 | |||
| Value At Risk | (7.20) | |||
| Potential Upside | 4.98 |
Guangdong Transtek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Transtek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Transtek's standard deviation. In reality, there are many statistical measures that can use Guangdong Transtek historical prices to predict the future Guangdong Transtek's volatility.| Risk Adjusted Performance | 0.0206 | |||
| Jensen Alpha | 0.0609 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0031 | |||
| Treynor Ratio | (0.91) |
Guangdong Transtek Backtested Returns
Guangdong Transtek holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of standard deviation over the last 3 months. Guangdong Transtek exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guangdong Transtek's market risk adjusted performance of (0.90), and Risk Adjusted Performance of 0.0206 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0641, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Transtek are expected to decrease at a much lower rate. During the bear market, Guangdong Transtek is likely to outperform the market. At this point, Guangdong Transtek has a negative expected return of -0.0341%. Please make sure to check out Guangdong Transtek's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Guangdong Transtek performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Guangdong Transtek Medical has good predictability. Overlapping area represents the amount of predictability between Guangdong Transtek time series from 5th of February 2023 to 31st of January 2024 and 31st of January 2024 to 25th of January 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 Guangdong Transtek price movement. The serial correlation of 0.66 indicates that around 66.0% of current Guangdong Transtek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 7.03 |
Guangdong Transtek lagged returns against current returns
Autocorrelation, which is Guangdong Transtek 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 Transtek's stock expected returns. We can calculate the autocorrelation of Guangdong Transtek returns to help us make a trade decision. For example, suppose you find that Guangdong Transtek 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 Transtek 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 Transtek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Transtek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Transtek stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Transtek Lagged Returns
When evaluating Guangdong Transtek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Transtek stock have on its future price. Guangdong Transtek 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 Transtek autocorrelation shows the relationship between Guangdong Transtek stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Transtek Medical.
Regressed Prices |
| Timeline |
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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 Transtek 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 Transtek security.