GKHT Medical (China) Market Value
301370 Stock | 10.27 0.03 0.29% |
Symbol | GKHT |
GKHT Medical '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 GKHT Medical'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 GKHT Medical.
01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in GKHT Medical on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding GKHT Medical Technology or generate 0.0% return on investment in GKHT Medical over 30 days. GKHT Medical is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. GKHT Medical is entity of China. It is traded as Stock on SHE exchange. More
GKHT Medical 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 GKHT Medical'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 GKHT Medical Technology upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.12) | |||
Maximum Drawdown | 9.71 | |||
Value At Risk | (4.62) | |||
Potential Upside | 3.15 |
GKHT Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GKHT Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GKHT Medical's standard deviation. In reality, there are many statistical measures that can use GKHT Medical historical prices to predict the future GKHT Medical's volatility.Risk Adjusted Performance | (0.06) | |||
Jensen Alpha | (0.19) | |||
Total Risk Alpha | (0.45) | |||
Treynor Ratio | (41.35) |
GKHT Medical Technology Backtested Returns
GKHT Medical Technology holds Efficiency (Sharpe) Ratio of -0.098, which attests that the entity had a -0.098 % return per unit of return volatility over the last 3 months. GKHT Medical Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out GKHT Medical's Coefficient Of Variation of (1,267), market risk adjusted performance of (41.34), and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0047, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GKHT Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding GKHT Medical is expected to be smaller as well. At this point, GKHT Medical Technology has a negative expected return of -0.22%. Please make sure to check out GKHT Medical's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if GKHT Medical Technology performance from the past will be repeated in the future.
Auto-correlation | -0.54 |
Good reverse predictability
GKHT Medical Technology has good reverse predictability. Overlapping area represents the amount of predictability between GKHT Medical time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st 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 GKHT Medical Technology price movement. The serial correlation of -0.54 indicates that about 54.0% of current GKHT Medical price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.54 | |
Spearman Rank Test | -0.47 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
GKHT Medical Technology lagged returns against current returns
Autocorrelation, which is GKHT Medical 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 GKHT Medical's stock expected returns. We can calculate the autocorrelation of GKHT Medical returns to help us make a trade decision. For example, suppose you find that GKHT Medical 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 |
GKHT Medical 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 GKHT Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GKHT Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GKHT Medical stock over time.
Current vs Lagged Prices |
Timeline |
GKHT Medical Lagged Returns
When evaluating GKHT Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GKHT Medical stock have on its future price. GKHT Medical 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, GKHT Medical autocorrelation shows the relationship between GKHT Medical stock current value and its past values and can show if there is a momentum factor associated with investing in GKHT Medical Technology.
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 GKHT Stock
GKHT Medical financial ratios help investors to determine whether GKHT 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 GKHT with respect to the benefits of owning GKHT Medical security.