Ganfeng Lithium Co Stock Market Value
| GNENF Stock | USD 3.09 0.05 1.64% |
| Symbol | Ganfeng |
Ganfeng Lithium '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 Ganfeng Lithium's pink sheet 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 Ganfeng Lithium.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Ganfeng Lithium on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ganfeng Lithium Co or generate 0.0% return on investment in Ganfeng Lithium over 30 days. Ganfeng Lithium is related to or competes with ASP Isotopes, Shin-Etsu Chemical, Kuraray, Mitsubishi Chemical, Sumitomo Chemical, Valhi, and Methanex. Ganfeng Lithium Group Co., Ltd. manufactures and sells lithium products in Mainland China, rest of Asia, the European Un... More
Ganfeng Lithium 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 Ganfeng Lithium's pink sheet 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 Ganfeng Lithium Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.21 | |||
| Information Ratio | 0.078 | |||
| Maximum Drawdown | 33.24 | |||
| Value At Risk | (9.72) | |||
| Potential Upside | 11.43 |
Ganfeng Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ganfeng Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ganfeng Lithium's standard deviation. In reality, there are many statistical measures that can use Ganfeng Lithium historical prices to predict the future Ganfeng Lithium's volatility.| Risk Adjusted Performance | 0.0841 | |||
| Jensen Alpha | 0.683 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | 0.0948 | |||
| Treynor Ratio | (1.07) |
Ganfeng Lithium Backtested Returns
Ganfeng Lithium appears to be dangerous, given 3 months investment horizon. Ganfeng Lithium holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. By evaluating Ganfeng Lithium's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please utilize Ganfeng Lithium's Risk Adjusted Performance of 0.0841, market risk adjusted performance of (1.06), and Downside Deviation of 5.21 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ganfeng Lithium holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Ganfeng Lithium are expected to decrease at a much lower rate. During the bear market, Ganfeng Lithium is likely to outperform the market. Please check Ganfeng Lithium's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Ganfeng Lithium's current trending patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Ganfeng Lithium Co has weak predictability. Overlapping area represents the amount of predictability between Ganfeng Lithium time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Ganfeng Lithium price movement. The serial correlation of 0.2 indicates that over 20.0% of current Ganfeng Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Ganfeng Lithium lagged returns against current returns
Autocorrelation, which is Ganfeng Lithium pink sheet'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 Ganfeng Lithium's pink sheet expected returns. We can calculate the autocorrelation of Ganfeng Lithium returns to help us make a trade decision. For example, suppose you find that Ganfeng Lithium has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Ganfeng Lithium 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 Ganfeng Lithium pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ganfeng Lithium pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ganfeng Lithium pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Ganfeng Lithium Lagged Returns
When evaluating Ganfeng Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ganfeng Lithium pink sheet have on its future price. Ganfeng Lithium 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, Ganfeng Lithium autocorrelation shows the relationship between Ganfeng Lithium pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Ganfeng Lithium Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Ganfeng Pink Sheet
Ganfeng Lithium financial ratios help investors to determine whether Ganfeng Pink Sheet 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 Ganfeng with respect to the benefits of owning Ganfeng Lithium security.