Guangshen Railway Stock Market Value
| GNGYF Stock | USD 0.24 0.00 0.00% |
| Symbol | Guangshen |
Guangshen Railway '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 Guangshen Railway'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 Guangshen Railway.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Guangshen Railway on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Guangshen Railway or generate 0.0% return on investment in Guangshen Railway over 30 days. Guangshen Railway is related to or competes with Trinity Industries, CSX, Norfolk Southern, Greenbrier Companies, LB Foster, Canadian National, and Union Pacific. Guangshen Railway Company Limited engages in the railway passenger and freight transportation businesses in the Peoples ... More
Guangshen Railway 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 Guangshen Railway'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 Guangshen Railway upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 48.0 |
Guangshen Railway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangshen Railway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangshen Railway's standard deviation. In reality, there are many statistical measures that can use Guangshen Railway historical prices to predict the future Guangshen Railway's volatility.| Risk Adjusted Performance | 0.0239 | |||
| Jensen Alpha | 0.1037 | |||
| Total Risk Alpha | (0.51) | |||
| Treynor Ratio | (0.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guangshen Railway's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Guangshen Railway Backtested Returns
At this point, Guangshen Railway is out of control. Guangshen Railway holds Efficiency (Sharpe) Ratio of 0.0208, which attests that the entity had a 0.0208% return per unit of standard deviation over the last 3 months. We have found seventeen technical indicators for Guangshen Railway, which you can use to evaluate the volatility of the firm. Please check out Guangshen Railway's market risk adjusted performance of (0.33), and Risk Adjusted Performance of 0.0239 to validate if the risk estimate we provide is consistent with the expected return of 0.0924%. Guangshen Railway has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangshen Railway are expected to decrease at a much lower rate. During the bear market, Guangshen Railway is likely to outperform the market. Guangshen Railway right now retains a risk of 4.44%. Please check out Guangshen Railway risk adjusted performance, variance, as well as the relationship between the Variance and kurtosis , to decide if Guangshen Railway will be following its current trending patterns.
Auto-correlation | 0.00 |
No correlation between past and present
Guangshen Railway has no correlation between past and present. Overlapping area represents the amount of predictability between Guangshen Railway time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Guangshen Railway price movement. The serial correlation of 0.0 indicates that just 0.0% of current Guangshen Railway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Guangshen Railway lagged returns against current returns
Autocorrelation, which is Guangshen Railway 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 Guangshen Railway's pink sheet expected returns. We can calculate the autocorrelation of Guangshen Railway returns to help us make a trade decision. For example, suppose you find that Guangshen Railway 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 |
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Guangshen Railway 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 Guangshen Railway pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangshen Railway pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangshen Railway pink sheet over time.
Current vs Lagged Prices |
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Guangshen Railway Lagged Returns
When evaluating Guangshen Railway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangshen Railway pink sheet have on its future price. Guangshen Railway 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, Guangshen Railway autocorrelation shows the relationship between Guangshen Railway pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Guangshen Railway.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Guangshen Pink Sheet
Guangshen Railway financial ratios help investors to determine whether Guangshen 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 Guangshen with respect to the benefits of owning Guangshen Railway security.