Grinm Advanced (China) Market Value
| 600206 Stock | 23.15 2.57 9.99% |
| Symbol | Grinm |
Grinm Advanced '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 Grinm Advanced'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 Grinm Advanced.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Grinm Advanced on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Grinm Advanced Materials or generate 0.0% return on investment in Grinm Advanced over 30 days. Grinm Advanced is related to or competes with Lutian Machinery, China Longyuan, Changshu Tongrun, PetroChina, Bank of China, Guangxi Guiguan, and Yantai North. Grinm Advanced is entity of China. It is traded as Stock on SHG exchange. More
Grinm Advanced 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 Grinm Advanced'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 Grinm Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.3698 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 10.01 |
Grinm Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grinm Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grinm Advanced's standard deviation. In reality, there are many statistical measures that can use Grinm Advanced historical prices to predict the future Grinm Advanced's volatility.| Risk Adjusted Performance | 0.3137 | |||
| Jensen Alpha | 1.73 | |||
| Total Risk Alpha | 1.04 | |||
| Sortino Ratio | 0.5734 | |||
| Treynor Ratio | (11.54) |
Grinm Advanced Materials Backtested Returns
Grinm Advanced is not too volatile given 3 months investment horizon. Grinm Advanced Materials holds Efficiency (Sharpe) Ratio of 0.37, which attests that the entity had a 0.37% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.78% are justified by taking the suggested risk. Use Grinm Advanced Materials Risk Adjusted Performance of 0.3137, market risk adjusted performance of (11.53), and Downside Deviation of 2.78 to evaluate company specific risk that cannot be diversified away. Grinm Advanced holds a performance score of 29 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Grinm Advanced are expected to decrease at a much lower rate. During the bear market, Grinm Advanced is likely to outperform the market. Use Grinm Advanced Materials downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Grinm Advanced Materials.
Auto-correlation | 0.77 |
Good predictability
Grinm Advanced Materials has good predictability. Overlapping area represents the amount of predictability between Grinm Advanced time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Grinm Advanced Materials price movement. The serial correlation of 0.77 indicates that around 77.0% of current Grinm Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 4.86 |
Grinm Advanced Materials lagged returns against current returns
Autocorrelation, which is Grinm Advanced 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 Grinm Advanced's stock expected returns. We can calculate the autocorrelation of Grinm Advanced returns to help us make a trade decision. For example, suppose you find that Grinm Advanced 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 |
Grinm Advanced 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 Grinm Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grinm Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grinm Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Grinm Advanced Lagged Returns
When evaluating Grinm Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grinm Advanced stock have on its future price. Grinm Advanced 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, Grinm Advanced autocorrelation shows the relationship between Grinm Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Grinm Advanced Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Grinm Stock
Grinm Advanced financial ratios help investors to determine whether Grinm 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 Grinm with respect to the benefits of owning Grinm Advanced security.