Kunshan Guoli (China) Market Value
| 688103 Stock | 41.31 0.29 0.70% |
| Symbol | Kunshan |
Kunshan Guoli '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 Kunshan Guoli'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 Kunshan Guoli.
| 08/29/2024 |
| 11/27/2024 |
If you would invest 0.00 in Kunshan Guoli on August 29, 2024 and sell it all today you would earn a total of 0.00 from holding Kunshan Guoli Electronic or generate 0.0% return on investment in Kunshan Guoli over 90 days. Kunshan Guoli is related to or competes with China State, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Kunshan Guoli is entity of China. It is traded as Stock on SHG exchange. More
Kunshan Guoli 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 Kunshan Guoli'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 Kunshan Guoli Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.19 | |||
| Information Ratio | 0.0916 | |||
| Maximum Drawdown | 21.95 | |||
| Value At Risk | (6.53) | |||
| Potential Upside | 7.82 |
Kunshan Guoli Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kunshan Guoli's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kunshan Guoli's standard deviation. In reality, there are many statistical measures that can use Kunshan Guoli historical prices to predict the future Kunshan Guoli's volatility.| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.5149 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.1229 | |||
| Treynor Ratio | (23.72) |
Kunshan Guoli Electronic Backtested Returns
Kunshan Guoli appears to be not too volatile, given 3 months investment horizon. Kunshan Guoli Electronic has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. By analyzing Kunshan Guoli's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please exercise Kunshan Guoli's Mean Deviation of 3.17, downside deviation of 3.19, and Risk Adjusted Performance of 0.1016 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kunshan Guoli holds a performance score of 11. The company secures a Beta (Market Risk) of -0.0216, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kunshan Guoli are expected to decrease at a much lower rate. During the bear market, Kunshan Guoli is likely to outperform the market. Please check Kunshan Guoli's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Kunshan Guoli's current price movements will revert.
Auto-correlation | 0.31 |
Below average predictability
Kunshan Guoli Electronic has below average predictability. Overlapping area represents the amount of predictability between Kunshan Guoli time series from 29th of August 2024 to 13th of October 2024 and 13th of October 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 Kunshan Guoli Electronic price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Kunshan Guoli price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 10.92 |
Kunshan Guoli Electronic lagged returns against current returns
Autocorrelation, which is Kunshan Guoli 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 Kunshan Guoli's stock expected returns. We can calculate the autocorrelation of Kunshan Guoli returns to help us make a trade decision. For example, suppose you find that Kunshan Guoli 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 |
Kunshan Guoli 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 Kunshan Guoli stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kunshan Guoli stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kunshan Guoli stock over time.
Current vs Lagged Prices |
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Kunshan Guoli Lagged Returns
When evaluating Kunshan Guoli's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kunshan Guoli stock have on its future price. Kunshan Guoli 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, Kunshan Guoli autocorrelation shows the relationship between Kunshan Guoli stock current value and its past values and can show if there is a momentum factor associated with investing in Kunshan Guoli Electronic.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kunshan Stock
Kunshan Guoli financial ratios help investors to determine whether Kunshan 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 Kunshan with respect to the benefits of owning Kunshan Guoli security.