Goodwill E (China) Market Value
| 688246 Stock | 23.20 0.79 3.29% |
| Symbol | Goodwill |
Goodwill E '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 Goodwill E'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 Goodwill E.
| 12/25/2024 |
| 01/24/2025 |
If you would invest 0.00 in Goodwill E on December 25, 2024 and sell it all today you would earn a total of 0.00 from holding Goodwill E Health or generate 0.0% return on investment in Goodwill E over 30 days. Goodwill E is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Goodwill E is entity of China. It is traded as Stock on SHG exchange. More
Goodwill E 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 Goodwill E'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 Goodwill E Health upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 23.4 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 7.9 |
Goodwill E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodwill E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodwill E's standard deviation. In reality, there are many statistical measures that can use Goodwill E historical prices to predict the future Goodwill E's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.53) |
Goodwill E Health Backtested Returns
Goodwill E Health holds Efficiency (Sharpe) Ratio of -0.0686, which attests that the entity had a -0.0686 % return per unit of risk over the last 3 months. Goodwill E Health exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goodwill E's Standard Deviation of 4.26, market risk adjusted performance of (0.52), and Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Goodwill E's returns are expected to increase less than the market. However, during the bear market, the loss of holding Goodwill E is expected to be smaller as well. At this point, Goodwill E Health has a negative expected return of -0.27%. Please make sure to check out Goodwill E's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Goodwill E Health performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Goodwill E Health has weak reverse predictability. Overlapping area represents the amount of predictability between Goodwill E time series from 25th of December 2024 to 9th of January 2025 and 9th of January 2025 to 24th 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 Goodwill E Health price movement. The serial correlation of -0.24 indicates that over 24.0% of current Goodwill E price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Goodwill E Health lagged returns against current returns
Autocorrelation, which is Goodwill E 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 Goodwill E's stock expected returns. We can calculate the autocorrelation of Goodwill E returns to help us make a trade decision. For example, suppose you find that Goodwill E 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 |
Goodwill E 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 Goodwill E stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodwill E stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodwill E stock over time.
Current vs Lagged Prices |
| Timeline |
Goodwill E Lagged Returns
When evaluating Goodwill E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodwill E stock have on its future price. Goodwill E 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, Goodwill E autocorrelation shows the relationship between Goodwill E stock current value and its past values and can show if there is a momentum factor associated with investing in Goodwill E Health.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goodwill Stock
Goodwill E financial ratios help investors to determine whether Goodwill 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 Goodwill with respect to the benefits of owning Goodwill E security.