Guangdong Jinma (China) Market Value
| 300756 Stock | 16.61 0.26 1.59% |
| Symbol | Guangdong |
Guangdong Jinma '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 Jinma'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 Jinma.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Guangdong Jinma on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Guangdong Jinma Entertainment or generate 0.0% return on investment in Guangdong Jinma over 540 days. Guangdong Jinma is related to or competes with Nanjing Putian, Shenzhen Hifuture, Tianjin Realty, Shenyang Huitian, Jiangsu Xinning, and Hubei Geoway. Guangdong Jinma is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Jinma 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 Jinma'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 Jinma Entertainment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.111 | |||
| Maximum Drawdown | 32.01 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 5.25 |
Guangdong Jinma Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Jinma's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Jinma's standard deviation. In reality, there are many statistical measures that can use Guangdong Jinma historical prices to predict the future Guangdong Jinma's volatility.| Risk Adjusted Performance | 0.1182 | |||
| Jensen Alpha | 0.509 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1198 | |||
| Treynor Ratio | 0.9016 |
Guangdong Jinma Ente Backtested Returns
Guangdong Jinma appears to be somewhat reliable, given 3 months investment horizon. Guangdong Jinma Ente holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of standard deviation over the last 3 months. By evaluating Guangdong Jinma's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize Guangdong Jinma's market risk adjusted performance of 0.9116, and Risk Adjusted Performance of 0.1182 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Jinma holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guangdong Jinma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong Jinma is expected to be smaller as well. Please check Guangdong Jinma's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong Jinma's current trending patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
Guangdong Jinma Entertainment has poor reverse predictability. Overlapping area represents the amount of predictability between Guangdong Jinma time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Guangdong Jinma Ente price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Guangdong Jinma price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Guangdong Jinma Ente lagged returns against current returns
Autocorrelation, which is Guangdong Jinma 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 Jinma's stock expected returns. We can calculate the autocorrelation of Guangdong Jinma returns to help us make a trade decision. For example, suppose you find that Guangdong Jinma 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 Jinma 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 Jinma stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Jinma stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Jinma stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Jinma Lagged Returns
When evaluating Guangdong Jinma's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Jinma stock have on its future price. Guangdong Jinma 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 Jinma autocorrelation shows the relationship between Guangdong Jinma stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Jinma Entertainment.
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 Jinma 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 Jinma security.