GRG Banking (China) Market Value
| 002152 Stock | 12.24 0.02 0.16% |
| Symbol | GRG |
GRG Banking '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 GRG Banking'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 GRG Banking.
| 01/08/2023 |
| 12/28/2024 |
If you would invest 0.00 in GRG Banking on January 8, 2023 and sell it all today you would earn a total of 0.00 from holding GRG Banking Equipment or generate 0.0% return on investment in GRG Banking over 720 days. GRG Banking is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. GRG Banking is entity of China. It is traded as Stock on SHE exchange. More
GRG Banking 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 GRG Banking'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 GRG Banking Equipment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.1235 | |||
| Maximum Drawdown | 16.74 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.98 |
GRG Banking Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRG Banking's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRG Banking's standard deviation. In reality, there are many statistical measures that can use GRG Banking historical prices to predict the future GRG Banking's volatility.| Risk Adjusted Performance | 0.1138 | |||
| Jensen Alpha | 0.4384 | |||
| Total Risk Alpha | 0.3402 | |||
| Sortino Ratio | 0.1501 | |||
| Treynor Ratio | (1.71) |
GRG Banking Equipment Backtested Returns
At this point, GRG Banking is somewhat reliable. GRG Banking Equipment holds Efficiency (Sharpe) Ratio of 0.0391, which attests that the entity had a 0.0391% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for GRG Banking Equipment, which you can use to evaluate the volatility of the firm. Please check out GRG Banking's Market Risk Adjusted Performance of (1.70), semi deviation of 2.44, and Risk Adjusted Performance of 0.1138 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. GRG Banking has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GRG Banking are expected to decrease at a much lower rate. During the bear market, GRG Banking is likely to outperform the market. GRG Banking Equipment now retains a risk of 3.14%. Please check out GRG Banking market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if GRG Banking will be following its current trending patterns.
Auto-correlation | 0.31 |
Below average predictability
GRG Banking Equipment has below average predictability. Overlapping area represents the amount of predictability between GRG Banking time series from 8th of January 2023 to 3rd of January 2024 and 3rd of January 2024 to 28th 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 GRG Banking Equipment price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current GRG Banking price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.34 |
GRG Banking Equipment lagged returns against current returns
Autocorrelation, which is GRG Banking 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 GRG Banking's stock expected returns. We can calculate the autocorrelation of GRG Banking returns to help us make a trade decision. For example, suppose you find that GRG Banking 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 |
GRG Banking 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 GRG Banking stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRG Banking stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRG Banking stock over time.
Current vs Lagged Prices |
| Timeline |
GRG Banking Lagged Returns
When evaluating GRG Banking's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRG Banking stock have on its future price. GRG Banking 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, GRG Banking autocorrelation shows the relationship between GRG Banking stock current value and its past values and can show if there is a momentum factor associated with investing in GRG Banking Equipment.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in GRG Stock
GRG Banking financial ratios help investors to determine whether GRG 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 GRG with respect to the benefits of owning GRG Banking security.