Guangdong Jingyi (China) Market Value
| 002295 Stock | 7.36 0.05 0.68% |
| Symbol | Guangdong |
Guangdong Jingyi '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 Jingyi'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 Jingyi.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Guangdong Jingyi on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Jingyi Metal or generate 0.0% return on investment in Guangdong Jingyi over 30 days. Guangdong Jingyi is related to or competes with Dongfeng Automobile, Peoples Insurance, China Life, Anhui Deli, Sinomach Automobile, Jahen Household, and China World. Guangdong Jingyi is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Jingyi 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 Jingyi'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 Jingyi Metal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.1896 | |||
| Maximum Drawdown | 18.02 | |||
| Value At Risk | (2.41) | |||
| Potential Upside | 4.33 |
Guangdong Jingyi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Jingyi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Jingyi's standard deviation. In reality, there are many statistical measures that can use Guangdong Jingyi historical prices to predict the future Guangdong Jingyi's volatility.| Risk Adjusted Performance | 0.1905 | |||
| Jensen Alpha | 0.7474 | |||
| Total Risk Alpha | 0.19 | |||
| Sortino Ratio | 0.201 | |||
| Treynor Ratio | (0.84) |
Guangdong Jingyi Metal Backtested Returns
Guangdong Jingyi appears to be slightly risky, given 3 months investment horizon. Guangdong Jingyi Metal holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of standard deviation over the last 3 months. By evaluating Guangdong Jingyi's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Guangdong Jingyi's market risk adjusted performance of (0.83), and Risk Adjusted Performance of 0.1905 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Jingyi holds a performance score of 18. The company retains a Market Volatility (i.e., Beta) of -0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Guangdong Jingyi are expected to decrease at a much lower rate. During the bear market, Guangdong Jingyi is likely to outperform the market. Please check Guangdong Jingyi's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong Jingyi's current trending patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
Guangdong Jingyi Metal has insignificant predictability. Overlapping area represents the amount of predictability between Guangdong Jingyi time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Jingyi Metal price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Guangdong Jingyi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Guangdong Jingyi Metal lagged returns against current returns
Autocorrelation, which is Guangdong Jingyi 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 Jingyi's stock expected returns. We can calculate the autocorrelation of Guangdong Jingyi returns to help us make a trade decision. For example, suppose you find that Guangdong Jingyi 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 Jingyi 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 Jingyi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Jingyi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Jingyi stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Jingyi Lagged Returns
When evaluating Guangdong Jingyi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Jingyi stock have on its future price. Guangdong Jingyi 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 Jingyi autocorrelation shows the relationship between Guangdong Jingyi stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Jingyi Metal.
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 Guangdong Stock
Guangdong Jingyi 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 Jingyi security.