Guizhou Chanhen (China) Market Value
| 002895 Stock | 23.02 0.90 4.07% |
| Symbol | Guizhou |
Guizhou Chanhen '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 Guizhou Chanhen'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 Guizhou Chanhen.
| 01/07/2024 |
| 12/02/2024 |
If you would invest 0.00 in Guizhou Chanhen on January 7, 2024 and sell it all today you would earn a total of 0.00 from holding Guizhou Chanhen Chemical or generate 0.0% return on investment in Guizhou Chanhen over 330 days. Guizhou Chanhen is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Guizhou Chanhen is entity of China. It is traded as Stock on SHE exchange. More
Guizhou Chanhen 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 Guizhou Chanhen'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 Guizhou Chanhen Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.72 | |||
| Information Ratio | 0.1407 | |||
| Maximum Drawdown | 18.27 | |||
| Value At Risk | (2.90) | |||
| Potential Upside | 6.34 |
Guizhou Chanhen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guizhou Chanhen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guizhou Chanhen's standard deviation. In reality, there are many statistical measures that can use Guizhou Chanhen historical prices to predict the future Guizhou Chanhen's volatility.| Risk Adjusted Performance | 0.1484 | |||
| Jensen Alpha | 0.5936 | |||
| Total Risk Alpha | 0.0446 | |||
| Sortino Ratio | 0.1634 | |||
| Treynor Ratio | (3.46) |
Guizhou Chanhen Chemical Backtested Returns
Guizhou Chanhen appears to be not too volatile, given 3 months investment horizon. Guizhou Chanhen Chemical holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Guizhou Chanhen Chemical, which you can use to evaluate the volatility of the firm. Please utilize Guizhou Chanhen's Risk Adjusted Performance of 0.1484, market risk adjusted performance of (3.45), and Downside Deviation of 2.72 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guizhou Chanhen holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guizhou Chanhen are expected to decrease at a much lower rate. During the bear market, Guizhou Chanhen is likely to outperform the market. Please check Guizhou Chanhen'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 Guizhou Chanhen's current trending patterns will revert.
Auto-correlation | 0.83 |
Very good predictability
Guizhou Chanhen Chemical has very good predictability. Overlapping area represents the amount of predictability between Guizhou Chanhen time series from 7th of January 2024 to 20th of June 2024 and 20th of June 2024 to 2nd 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 Guizhou Chanhen Chemical price movement. The serial correlation of 0.83 indicates that around 83.0% of current Guizhou Chanhen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 4.49 |
Guizhou Chanhen Chemical lagged returns against current returns
Autocorrelation, which is Guizhou Chanhen 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 Guizhou Chanhen's stock expected returns. We can calculate the autocorrelation of Guizhou Chanhen returns to help us make a trade decision. For example, suppose you find that Guizhou Chanhen 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 |
Guizhou Chanhen 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 Guizhou Chanhen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guizhou Chanhen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guizhou Chanhen stock over time.
Current vs Lagged Prices |
| Timeline |
Guizhou Chanhen Lagged Returns
When evaluating Guizhou Chanhen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guizhou Chanhen stock have on its future price. Guizhou Chanhen 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, Guizhou Chanhen autocorrelation shows the relationship between Guizhou Chanhen stock current value and its past values and can show if there is a momentum factor associated with investing in Guizhou Chanhen Chemical.
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 Guizhou Stock
Guizhou Chanhen financial ratios help investors to determine whether Guizhou 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 Guizhou with respect to the benefits of owning Guizhou Chanhen security.