Greattown Holdings (China) Market Value
| 600094 Stock | 3.76 0.02 0.53% |
| Symbol | Greattown |
Greattown Holdings '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 Greattown Holdings' 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 Greattown Holdings.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Greattown Holdings on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Greattown Holdings Ltd or generate 0.0% return on investment in Greattown Holdings over 720 days. Greattown Holdings is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G-bits Network, China Mobile, Jiangsu Bioperfectus, and Changchun High. Greattown Holdings is entity of China. It is traded as Stock on SHG exchange. More
Greattown Holdings 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 Greattown Holdings' 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 Greattown Holdings Ltd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.85 | |||
| Information Ratio | 0.0389 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (4.57) | |||
| Potential Upside | 5.18 |
Greattown Holdings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greattown Holdings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greattown Holdings' standard deviation. In reality, there are many statistical measures that can use Greattown Holdings historical prices to predict the future Greattown Holdings' volatility.| Risk Adjusted Performance | 0.0698 | |||
| Jensen Alpha | 0.231 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0328 | |||
| Treynor Ratio | 1.42 |
Greattown Holdings Backtested Returns
Greattown Holdings appears to be unstable, given 3 months investment horizon. Greattown Holdings 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 thirty technical indicators for Greattown Holdings, which you can use to evaluate the volatility of the firm. Please utilize Greattown Holdings' Market Risk Adjusted Performance of 1.43, downside deviation of 3.85, and Risk Adjusted Performance of 0.0698 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Greattown Holdings holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Greattown Holdings' returns are expected to increase less than the market. However, during the bear market, the loss of holding Greattown Holdings is expected to be smaller as well. Please check Greattown Holdings' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Greattown Holdings' current trending patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Greattown Holdings Ltd has modest reverse predictability. Overlapping area represents the amount of predictability between Greattown Holdings time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Greattown Holdings price movement. The serial correlation of -0.48 indicates that about 48.0% of current Greattown Holdings price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
Greattown Holdings lagged returns against current returns
Autocorrelation, which is Greattown Holdings 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 Greattown Holdings' stock expected returns. We can calculate the autocorrelation of Greattown Holdings returns to help us make a trade decision. For example, suppose you find that Greattown Holdings 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 |
Greattown Holdings 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 Greattown Holdings stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greattown Holdings stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greattown Holdings stock over time.
Current vs Lagged Prices |
| Timeline |
Greattown Holdings Lagged Returns
When evaluating Greattown Holdings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greattown Holdings stock have on its future price. Greattown Holdings 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, Greattown Holdings autocorrelation shows the relationship between Greattown Holdings stock current value and its past values and can show if there is a momentum factor associated with investing in Greattown Holdings Ltd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Greattown Stock
Greattown Holdings financial ratios help investors to determine whether Greattown 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 Greattown with respect to the benefits of owning Greattown Holdings security.