Guobo Electronics' market value is the price at which a share of Guobo Electronics trades on a public exchange. It measures the collective expectations of Guobo Electronics Co investors about its performance. Guobo Electronics is trading at 44.74 as of the 13th of January 2025, a 1.59% up since the beginning of the trading day. The stock's open price was 44.04. With this module, you can estimate the performance of a buy and hold strategy of Guobo Electronics Co and determine expected loss or profit from investing in Guobo Electronics over a given investment horizon. Check out Guobo Electronics Correlation, Guobo Electronics Volatility and Guobo Electronics Alpha and Beta module to complement your research on Guobo Electronics.
Please note, there is a significant difference between Guobo Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Guobo Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guobo Electronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Guobo Electronics '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 Guobo Electronics' 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 Guobo Electronics.
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10/15/2024
No Change 0.00
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In 3 months and 1 day
01/13/2025
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If you would invest 0.00 in Guobo Electronics on October 15, 2024 and sell it all today you would earn a total of 0.00 from holding Guobo Electronics Co or generate 0.0% return on investment in Guobo Electronics over 90 days. Guobo Electronics is related to or competes with Yankershop Food, Jiangnan Mould, Xinjiang Tianrun, Great Sun, Suzhou Xingye, Jiajia Food, and Jinsanjiang Silicon. Guobo Electronics is entity of China. It is traded as Stock on SHG exchange. More
Guobo Electronics 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 Guobo Electronics' 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 Guobo Electronics Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guobo Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guobo Electronics' standard deviation. In reality, there are many statistical measures that can use Guobo Electronics historical prices to predict the future Guobo Electronics' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guobo Electronics. Your research has to be compared to or analyzed against Guobo Electronics' peers to derive any actionable benefits. When done correctly, Guobo Electronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Guobo Electronics.
Guobo Electronics Backtested Returns
Guobo Electronics holds Efficiency (Sharpe) Ratio of -0.0437, which attests that the entity had a -0.0437% return per unit of risk over the last 3 months. Guobo Electronics exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guobo Electronics' Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.39), and Standard Deviation of 3.65 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guobo Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Guobo Electronics is expected to be smaller as well. At this point, Guobo Electronics has a negative expected return of -0.15%. Please make sure to check out Guobo Electronics' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Guobo Electronics performance from the past will be repeated at some point in the near future.
Auto-correlation
0.28
Poor predictability
Guobo Electronics Co has poor predictability. Overlapping area represents the amount of predictability between Guobo Electronics time series from 15th of October 2024 to 29th of November 2024 and 29th of November 2024 to 13th 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 Guobo Electronics price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Guobo Electronics price fluctuation can be explain by its past prices.
Correlation Coefficient
0.28
Spearman Rank Test
0.01
Residual Average
0.0
Price Variance
4.8
Guobo Electronics lagged returns against current returns
Autocorrelation, which is Guobo Electronics 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 Guobo Electronics' stock expected returns. We can calculate the autocorrelation of Guobo Electronics returns to help us make a trade decision. For example, suppose you find that Guobo Electronics 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
Guobo Electronics 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 Guobo Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guobo Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guobo Electronics stock over time.
Current vs Lagged Prices
Timeline
Guobo Electronics Lagged Returns
When evaluating Guobo Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guobo Electronics stock have on its future price. Guobo Electronics 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, Guobo Electronics autocorrelation shows the relationship between Guobo Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Guobo Electronics Co.
Guobo Electronics financial ratios help investors to determine whether Guobo 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 Guobo with respect to the benefits of owning Guobo Electronics security.