Gome Telecom (China) Market Value
| 600898 Stock | 0.74 0.00 0.00% |
| Symbol | Gome |
Gome Telecom '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 Gome Telecom'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 Gome Telecom.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Gome Telecom on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Gome Telecom Equipment or generate 0.0% return on investment in Gome Telecom over 30 days. Gome Telecom is related to or competes with Hainan Haiqi, Harbin Hatou, Dazhong Transportation, Fujian Longzhou, Tieling Newcity, Zhejiang Construction, and Zhongrun Resources. Gome Telecom is entity of China. It is traded as Stock on SHG exchange. More
Gome Telecom 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 Gome Telecom'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 Gome Telecom Equipment upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.37) | |||
| Maximum Drawdown | 10.67 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 4.86 |
Gome Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gome Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gome Telecom's standard deviation. In reality, there are many statistical measures that can use Gome Telecom historical prices to predict the future Gome Telecom's volatility.| Risk Adjusted Performance | (0.28) | |||
| Jensen Alpha | (1.23) | |||
| Total Risk Alpha | (1.59) | |||
| Treynor Ratio | (4.57) |
Gome Telecom Equipment Backtested Returns
Gome Telecom Equipment holds Efficiency (Sharpe) Ratio of -0.39, which attests that the entity had a -0.39 % return per unit of risk over the last 3 months. Gome Telecom Equipment exposes eighteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gome Telecom's Risk Adjusted Performance of (0.28), standard deviation of 3.49, and Market Risk Adjusted Performance of (4.56) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gome Telecom's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gome Telecom is expected to be smaller as well. At this point, Gome Telecom Equipment has a negative expected return of -1.28%. Please make sure to check out Gome Telecom's information ratio, maximum drawdown, and the relationship between the variance and jensen alpha , to decide if Gome Telecom Equipment performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Gome Telecom Equipment has no correlation between past and present. Overlapping area represents the amount of predictability between Gome Telecom time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 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 Gome Telecom Equipment price movement. The serial correlation of 0.0 indicates that just 0.0% of current Gome Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Gome Telecom Equipment lagged returns against current returns
Autocorrelation, which is Gome Telecom 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 Gome Telecom's stock expected returns. We can calculate the autocorrelation of Gome Telecom returns to help us make a trade decision. For example, suppose you find that Gome Telecom 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 |
Gome Telecom 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 Gome Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gome Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gome Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
Gome Telecom Lagged Returns
When evaluating Gome Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gome Telecom stock have on its future price. Gome Telecom 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, Gome Telecom autocorrelation shows the relationship between Gome Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in Gome Telecom Equipment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gome Stock
Gome Telecom financial ratios help investors to determine whether Gome 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 Gome with respect to the benefits of owning Gome Telecom security.