GRIPM Advanced (China) Market Value
| 688456 Stock | 31.41 0.14 0.44% |
| Symbol | GRIPM |
GRIPM Advanced '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 GRIPM Advanced'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 GRIPM Advanced.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in GRIPM Advanced on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding GRIPM Advanced Materials or generate 0.0% return on investment in GRIPM Advanced over 720 days. GRIPM Advanced is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Inner Mongolia, Jiangxi Ganfeng, and Hoshine Silicon. GRIPM Advanced is entity of China. It is traded as Stock on SHG exchange. More
GRIPM Advanced 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 GRIPM Advanced'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 GRIPM Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.88 | |||
| Information Ratio | 0.031 | |||
| Maximum Drawdown | 24.72 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 6.19 |
GRIPM Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRIPM Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRIPM Advanced's standard deviation. In reality, there are many statistical measures that can use GRIPM Advanced historical prices to predict the future GRIPM Advanced's volatility.| Risk Adjusted Performance | 0.0576 | |||
| Jensen Alpha | 0.2957 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0303 | |||
| Treynor Ratio | (0.47) |
GRIPM Advanced Materials Backtested Returns
GRIPM Advanced appears to be not too volatile, given 3 months investment horizon. GRIPM Advanced Materials holds Efficiency (Sharpe) Ratio of 0.0932, which attests that the entity had a 0.0932% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for GRIPM Advanced Materials, which you can use to evaluate the volatility of the firm. Please utilize GRIPM Advanced's Semi Deviation of 3.51, risk adjusted performance of 0.0576, and Market Risk Adjusted Performance of (0.46) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GRIPM Advanced holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning GRIPM Advanced are expected to decrease at a much lower rate. During the bear market, GRIPM Advanced is likely to outperform the market. Please check GRIPM Advanced's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether GRIPM Advanced's current trending patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
GRIPM Advanced Materials has very weak reverse predictability. Overlapping area represents the amount of predictability between GRIPM Advanced time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 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 GRIPM Advanced Materials price movement. The serial correlation of -0.08 indicates that barely 8.0% of current GRIPM Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 13.98 |
GRIPM Advanced Materials lagged returns against current returns
Autocorrelation, which is GRIPM Advanced 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 GRIPM Advanced's stock expected returns. We can calculate the autocorrelation of GRIPM Advanced returns to help us make a trade decision. For example, suppose you find that GRIPM Advanced 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 |
GRIPM Advanced 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 GRIPM Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRIPM Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRIPM Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
GRIPM Advanced Lagged Returns
When evaluating GRIPM Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRIPM Advanced stock have on its future price. GRIPM Advanced 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, GRIPM Advanced autocorrelation shows the relationship between GRIPM Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in GRIPM Advanced Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GRIPM Stock
GRIPM Advanced financial ratios help investors to determine whether GRIPM 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 GRIPM with respect to the benefits of owning GRIPM Advanced security.