Guangdong Skychem (China) Market Value
| 688603 Stock | 124.55 1.63 1.29% |
| Symbol | Guangdong |
Guangdong Skychem '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 Skychem'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 Skychem.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Guangdong Skychem on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Skychem Technology or generate 0.0% return on investment in Guangdong Skychem over 30 days. Guangdong Skychem is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Guangdong Skychem is entity of China. It is traded as Stock on SHG exchange. More
Guangdong Skychem 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 Skychem'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 Skychem Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.44 | |||
| Information Ratio | 0.2517 | |||
| Maximum Drawdown | 29.21 | |||
| Value At Risk | (5.60) | |||
| Potential Upside | 9.99 |
Guangdong Skychem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Skychem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Skychem's standard deviation. In reality, there are many statistical measures that can use Guangdong Skychem historical prices to predict the future Guangdong Skychem's volatility.| Risk Adjusted Performance | 0.2169 | |||
| Jensen Alpha | 1.26 | |||
| Total Risk Alpha | 1.06 | |||
| Sortino Ratio | 0.2779 | |||
| Treynor Ratio | 11.8 |
Guangdong Skychem Backtested Returns
Guangdong Skychem is very steady given 3 months investment horizon. Guangdong Skychem holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.28% are justified by taking the suggested risk. Use Guangdong Skychem Technology market risk adjusted performance of 11.81, and Risk Adjusted Performance of 0.2169 to evaluate company specific risk that cannot be diversified away. Guangdong Skychem holds a performance score of 19 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guangdong Skychem's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong Skychem is expected to be smaller as well. Use Guangdong Skychem Technology downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Guangdong Skychem Technology.
Auto-correlation | 0.14 |
Insignificant predictability
Guangdong Skychem Technology has insignificant predictability. Overlapping area represents the amount of predictability between Guangdong Skychem time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th of December 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 Skychem price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Guangdong Skychem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 10.59 |
Guangdong Skychem lagged returns against current returns
Autocorrelation, which is Guangdong Skychem 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 Skychem's stock expected returns. We can calculate the autocorrelation of Guangdong Skychem returns to help us make a trade decision. For example, suppose you find that Guangdong Skychem 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 Skychem 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 Skychem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Skychem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Skychem stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Skychem Lagged Returns
When evaluating Guangdong Skychem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Skychem stock have on its future price. Guangdong Skychem 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 Skychem autocorrelation shows the relationship between Guangdong Skychem stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Skychem Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guangdong Stock
Guangdong Skychem 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 Skychem security.