GKHT Medical (China) Market Value

301370 Stock   10.27  0.03  0.29%   
GKHT Medical's market value is the price at which a share of GKHT Medical trades on a public exchange. It measures the collective expectations of GKHT Medical Technology investors about its performance. GKHT Medical is trading at 10.27 as of the 31st of January 2025, a 0.29% down since the beginning of the trading day. The stock's open price was 10.3.
With this module, you can estimate the performance of a buy and hold strategy of GKHT Medical Technology and determine expected loss or profit from investing in GKHT Medical over a given investment horizon. Check out GKHT Medical Correlation, GKHT Medical Volatility and GKHT Medical Alpha and Beta module to complement your research on GKHT Medical.
Symbol

Please note, there is a significant difference between GKHT Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if GKHT Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GKHT Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
01/01/2025
No Change 0.00  0.0 
In 31 days
01/31/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
8.0310.2712.51
Details
Intrinsic
Valuation
LowRealHigh
6.849.0811.32
Details
Naive
Forecast
LowNextHigh
8.7210.9613.19
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
9.3811.0712.75
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as GKHT Medical. Your research has to be compared to or analyzed against GKHT Medical's peers to derive any actionable benefits. When done correctly, GKHT Medical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in GKHT Medical Technology.

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 Average0.0
Price Variance0.01

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  

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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.