State Grid (China) Market Value
| 600131 Stock | 20.91 0.03 0.14% |
| Symbol | State |
State Grid '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 State Grid'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 State Grid.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in State Grid on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding State Grid InformationCommunication or generate 0.0% return on investment in State Grid over 30 days. State Grid is related to or competes with Cultural Investment, Suzhou Weizhixiang, Ligao Foods, Jiahe Foods, Hubei Geoway, Xiandai Investment, and Jiangxi Sunshine. State Grid is entity of China. It is traded as Stock on SHG exchange. More
State Grid 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 State Grid'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 State Grid InformationCommunication upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 12.79 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 4.8 |
State Grid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for State Grid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as State Grid's standard deviation. In reality, there are many statistical measures that can use State Grid historical prices to predict the future State Grid's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.22) |
State Grid Informati Backtested Returns
At this point, State Grid is not too volatile. State Grid Informati owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0197, which indicates the firm had a 0.0197 % return per unit of risk over the last 3 months. We have found twenty-three technical indicators for State Grid InformationCommunication, which you can use to evaluate the volatility of the company. Please validate State Grid's Coefficient Of Variation of (2,944), variance of 6.96, and Risk Adjusted Performance of (0.02) to confirm if the risk estimate we provide is consistent with the expected return of 0.0535%. State Grid has a performance score of 1 on a scale of 0 to 100. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, State Grid's returns are expected to increase less than the market. However, during the bear market, the loss of holding State Grid is expected to be smaller as well. State Grid Informati right now has a risk of 2.72%. Please validate State Grid mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if State Grid will be following its existing price patterns.
Auto-correlation | 0.41 |
Average predictability
State Grid InformationCommunication has average predictability. Overlapping area represents the amount of predictability between State Grid time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 State Grid Informati price movement. The serial correlation of 0.41 indicates that just about 41.0% of current State Grid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
State Grid Informati lagged returns against current returns
Autocorrelation, which is State Grid 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 State Grid's stock expected returns. We can calculate the autocorrelation of State Grid returns to help us make a trade decision. For example, suppose you find that State Grid 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 |
State Grid 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 State Grid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if State Grid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in State Grid stock over time.
Current vs Lagged Prices |
| Timeline |
State Grid Lagged Returns
When evaluating State Grid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of State Grid stock have on its future price. State Grid 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, State Grid autocorrelation shows the relationship between State Grid stock current value and its past values and can show if there is a momentum factor associated with investing in State Grid InformationCommunication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in State Stock
State Grid financial ratios help investors to determine whether State 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 State with respect to the benefits of owning State Grid security.