Guangxi Guiguan (China) Market Value
| 600236 Stock | 6.14 0.04 0.65% |
| Symbol | Guangxi |
Guangxi Guiguan '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 Guangxi Guiguan'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 Guangxi Guiguan.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Guangxi Guiguan on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Guangxi Guiguan Electric or generate 0.0% return on investment in Guangxi Guiguan over 30 days. Guangxi Guiguan is related to or competes with Yonyou Auto, Keeson Technology, Vontron Technology, Invengo Information, Datang HuaYin, Longmaster Information, and Linewell Software. Guangxi Guiguan is entity of China. It is traded as Stock on SHG exchange. More
Guangxi Guiguan 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 Guangxi Guiguan'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 Guangxi Guiguan Electric upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.85 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 1.8 |
Guangxi Guiguan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangxi Guiguan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangxi Guiguan's standard deviation. In reality, there are many statistical measures that can use Guangxi Guiguan historical prices to predict the future Guangxi Guiguan's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | 0.8261 |
Guangxi Guiguan Electric Backtested Returns
Guangxi Guiguan Electric holds Efficiency (Sharpe) Ratio of -0.0402, which attests that the entity had a -0.0402% return per unit of standard deviation over the last 3 months. Guangxi Guiguan Electric exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guangxi Guiguan's market risk adjusted performance of 0.8361, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangxi Guiguan are expected to decrease at a much lower rate. During the bear market, Guangxi Guiguan is likely to outperform the market. At this point, Guangxi Guiguan Electric has a negative expected return of -0.0773%. Please make sure to check out Guangxi Guiguan's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Guangxi Guiguan Electric performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Guangxi Guiguan Electric has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Guangxi Guiguan 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 Guangxi Guiguan Electric price movement. The serial correlation of -0.78 indicates that around 78.0% of current Guangxi Guiguan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Guangxi Guiguan Electric lagged returns against current returns
Autocorrelation, which is Guangxi Guiguan 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 Guangxi Guiguan's stock expected returns. We can calculate the autocorrelation of Guangxi Guiguan returns to help us make a trade decision. For example, suppose you find that Guangxi Guiguan 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 |
Guangxi Guiguan 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 Guangxi Guiguan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangxi Guiguan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangxi Guiguan stock over time.
Current vs Lagged Prices |
| Timeline |
Guangxi Guiguan Lagged Returns
When evaluating Guangxi Guiguan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangxi Guiguan stock have on its future price. Guangxi Guiguan 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, Guangxi Guiguan autocorrelation shows the relationship between Guangxi Guiguan stock current value and its past values and can show if there is a momentum factor associated with investing in Guangxi Guiguan Electric.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guangxi Stock
Guangxi Guiguan financial ratios help investors to determine whether Guangxi 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 Guangxi with respect to the benefits of owning Guangxi Guiguan security.