Hangzhou Gisway (China) Market Value
| 301390 Stock | 32.34 0.61 1.92% |
| Symbol | Hangzhou |
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.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Hangzhou Gisway on November 6, 2023 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 390 days. Hangzhou Gisway is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. 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.
| Downside Deviation | 3.61 | |||
| Information Ratio | 0.0629 | |||
| Maximum Drawdown | 24.81 | |||
| Value At Risk | (5.46) | |||
| Potential Upside | 3.48 |
Hangzhou Gisway Market Risk Indicators
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.| Risk Adjusted Performance | 0.0872 | |||
| Jensen Alpha | 0.3345 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0584 | |||
| Treynor Ratio | 11.5 |
Hangzhou Gisway Info Backtested Returns
Hangzhou Gisway appears to be not too volatile, given 3 months investment horizon. Hangzhou Gisway Info holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hangzhou Gisway Info, which you can use to evaluate the volatility of the firm. Please utilize Hangzhou Gisway's Risk Adjusted Performance of 0.0872, downside deviation of 3.61, and Market Risk Adjusted Performance of 11.51 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Gisway holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.0294, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hangzhou Gisway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hangzhou Gisway is expected to be smaller as well. Please check Hangzhou Gisway's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hangzhou Gisway's current trending patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Hangzhou Gisway Information has poor predictability. Overlapping area represents the amount of predictability between Hangzhou Gisway time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Hangzhou Gisway Info price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Hangzhou Gisway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 5.61 |
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 |
| Timeline |
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 |
| Timeline |
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.Other Information on Investing in Hangzhou Stock
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.