Great Sun (China) Market Value
| 603336 Stock | 4.65 0.02 0.43% |
| Symbol | Great |
Great Sun '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 Great Sun'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 Great Sun.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Great Sun on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Great Sun Foods Co or generate 0.0% return on investment in Great Sun over 30 days. Great Sun is related to or competes with Namchow Food, Luyin Investment, Shenzhen Centralcon, Nuode Investment, and Beijing Mainstreets. Great Sun is entity of China. It is traded as Stock on SHG exchange. More
Great Sun 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 Great Sun'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 Great Sun Foods Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | 0.1101 | |||
| Maximum Drawdown | 19.6 | |||
| Value At Risk | (6.10) | |||
| Potential Upside | 9.91 |
Great Sun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great Sun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great Sun's standard deviation. In reality, there are many statistical measures that can use Great Sun historical prices to predict the future Great Sun's volatility.| Risk Adjusted Performance | 0.1116 | |||
| Jensen Alpha | 0.507 | |||
| Total Risk Alpha | 0.0118 | |||
| Sortino Ratio | 0.1323 | |||
| Treynor Ratio | 0.8561 |
Great Sun Foods Backtested Returns
Great Sun appears to be relatively risky, given 3 months investment horizon. Great Sun Foods holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Great Sun's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please utilize Great Sun's Risk Adjusted Performance of 0.1116, market risk adjusted performance of 0.8661, and Downside Deviation of 3.58 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Great Sun holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Great Sun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great Sun is expected to be smaller as well. Please check Great Sun's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Great Sun's current trending patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Great Sun Foods Co has good reverse predictability. Overlapping area represents the amount of predictability between Great Sun time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Great Sun Foods price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Great Sun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Great Sun Foods lagged returns against current returns
Autocorrelation, which is Great Sun 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 Great Sun's stock expected returns. We can calculate the autocorrelation of Great Sun returns to help us make a trade decision. For example, suppose you find that Great Sun 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 |
Great Sun 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 Great Sun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great Sun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great Sun stock over time.
Current vs Lagged Prices |
| Timeline |
Great Sun Lagged Returns
When evaluating Great Sun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great Sun stock have on its future price. Great Sun 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, Great Sun autocorrelation shows the relationship between Great Sun stock current value and its past values and can show if there is a momentum factor associated with investing in Great Sun Foods Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Great Stock
Great Sun financial ratios help investors to determine whether Great 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 Great with respect to the benefits of owning Great Sun security.