Guangdong Marubi (China) Market Value
| 603983 Stock | 27.68 2.01 6.77% |
| Symbol | Guangdong |
Guangdong Marubi '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 Guangdong Marubi'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 Guangdong Marubi.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Guangdong Marubi on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Marubi Biotechnology or generate 0.0% return on investment in Guangdong Marubi over 30 days. Guangdong Marubi is related to or competes with Winner Medical, Jinhe Biotechnology, Shenzhen Bioeasy, CareRay Digital, Blue Sail, Zhende Medical, and Guangdong Marubi. Guangdong Marubi is entity of China. It is traded as Stock on SHG exchange. More
Guangdong Marubi 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 Guangdong Marubi'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 Guangdong Marubi Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | 0.0837 | |||
| Maximum Drawdown | 15.94 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 5.93 |
Guangdong Marubi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Marubi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Marubi's standard deviation. In reality, there are many statistical measures that can use Guangdong Marubi historical prices to predict the future Guangdong Marubi's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.3716 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1021 | |||
| Treynor Ratio | (1.47) |
Guangdong Marubi Bio Backtested Returns
Guangdong Marubi appears to be not too volatile, given 3 months investment horizon. Guangdong Marubi Bio holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of standard deviation over the last 3 months. By evaluating Guangdong Marubi's technical indicators, you can evaluate if the expected return of 0.56% is justified by implied risk. Please utilize Guangdong Marubi's market risk adjusted performance of (1.46), and Risk Adjusted Performance of 0.0994 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Marubi holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Marubi are expected to decrease at a much lower rate. During the bear market, Guangdong Marubi is likely to outperform the market. Please check Guangdong Marubi's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Guangdong Marubi's current trending patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Guangdong Marubi Biotechnology has weak reverse predictability. Overlapping area represents the amount of predictability between Guangdong Marubi time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Guangdong Marubi Bio price movement. The serial correlation of -0.24 indicates that over 24.0% of current Guangdong Marubi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.03 |
Guangdong Marubi Bio lagged returns against current returns
Autocorrelation, which is Guangdong Marubi 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 Guangdong Marubi's stock expected returns. We can calculate the autocorrelation of Guangdong Marubi returns to help us make a trade decision. For example, suppose you find that Guangdong Marubi 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 |
Guangdong Marubi 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 Guangdong Marubi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Marubi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Marubi stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Marubi Lagged Returns
When evaluating Guangdong Marubi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Marubi stock have on its future price. Guangdong Marubi 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, Guangdong Marubi autocorrelation shows the relationship between Guangdong Marubi stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Marubi Biotechnology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guangdong Stock
Guangdong Marubi financial ratios help investors to determine whether Guangdong 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 Guangdong with respect to the benefits of owning Guangdong Marubi security.