Hangzhou Gisway's market value is the price at which a share of Hangzhou Gisway trades on a public exchange. It measures the collective expectations of Hangzhou Gisway Information investors about its performance. Hangzhou Gisway is trading at 30.53 as of the 18th of January 2025, a 1.04% down since the beginning of the trading day. The stock's open price was 30.85. With this module, you can estimate the performance of a buy and hold strategy of Hangzhou Gisway Information and determine expected loss or profit from investing in Hangzhou Gisway over a given investment horizon. Check out Hangzhou Gisway Correlation, Hangzhou Gisway Volatility and Hangzhou Gisway Alpha and Beta module to complement your research on Hangzhou Gisway.
Please note, there is a significant difference between Hangzhou Gisway's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hangzhou Gisway is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hangzhou Gisway'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.
Hangzhou Gisway '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 Hangzhou Gisway'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 Hangzhou Gisway.
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01/24/2024
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In 11 months and 26 days
01/18/2025
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If you would invest 0.00 in Hangzhou Gisway on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Gisway Information or generate 0.0% return on investment in Hangzhou Gisway over 360 days. Hangzhou Gisway is related to or competes with Gansu Jiu, Gifore Agricultural, GreenTech Environmental, Lutian Machinery, Changjiang Jinggong, and Elite Color. Hangzhou Gisway is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Gisway 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 Hangzhou Gisway'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 Hangzhou Gisway Information upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Gisway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Gisway's standard deviation. In reality, there are many statistical measures that can use Hangzhou Gisway historical prices to predict the future Hangzhou Gisway's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Hangzhou Gisway. Your research has to be compared to or analyzed against Hangzhou Gisway's peers to derive any actionable benefits. When done correctly, Hangzhou Gisway'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 Hangzhou Gisway Info.
Hangzhou Gisway Info Backtested Returns
At this point, Hangzhou Gisway is not too volatile. Hangzhou Gisway Info holds Efficiency (Sharpe) Ratio of 0.0012, which attests that the entity had a 0.0012% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Hangzhou Gisway Info, which you can use to evaluate the volatility of the firm. Please check out Hangzhou Gisway's Downside Deviation of 3.73, market risk adjusted performance of (0.09), and Risk Adjusted Performance of 0.0298 to validate if the risk estimate we provide is consistent with the expected return of 0.005%. The company retains a Market Volatility (i.e., Beta) of -0.91, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Hangzhou Gisway are expected to decrease slowly. On the other hand, during market turmoil, Hangzhou Gisway is expected to outperform it slightly. Hangzhou Gisway Info right now retains a risk of 4.09%. Please check out Hangzhou Gisway information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Hangzhou Gisway will be following its current trending patterns.
Auto-correlation
-0.36
Poor reverse predictability
Hangzhou Gisway Information has poor reverse predictability. Overlapping area represents the amount of predictability between Hangzhou Gisway time series from 24th of January 2024 to 22nd of July 2024 and 22nd of July 2024 to 18th 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 Hangzhou Gisway Info price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Hangzhou Gisway price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.36
Spearman Rank Test
-0.28
Residual Average
0.0
Price Variance
9.89
Hangzhou Gisway Info lagged returns against current returns
Autocorrelation, which is Hangzhou Gisway 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 Hangzhou Gisway's stock expected returns. We can calculate the autocorrelation of Hangzhou Gisway returns to help us make a trade decision. For example, suppose you find that Hangzhou Gisway 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
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Hangzhou Gisway 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 Hangzhou Gisway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Gisway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Gisway stock over time.
Current vs Lagged Prices
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Hangzhou Gisway Lagged Returns
When evaluating Hangzhou Gisway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Gisway stock have on its future price. Hangzhou Gisway 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, Hangzhou Gisway autocorrelation shows the relationship between Hangzhou Gisway stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Gisway Information.
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.
Hangzhou Gisway financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Gisway security.