Guangdong Tianhe (China) Market Value
| 002999 Stock | 7.40 0.94 14.55% |
| Symbol | Guangdong |
Guangdong Tianhe '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 Tianhe'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 Tianhe.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Guangdong Tianhe on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Guangdong Tianhe Agricultural or generate 0.0% return on investment in Guangdong Tianhe over 720 days. Guangdong Tianhe is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, China Construction, PetroChina, and Bank of China. Guangdong Tianhe is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Tianhe 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 Tianhe'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 Tianhe Agricultural upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.1956 | |||
| Maximum Drawdown | 17.06 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 6.2 |
Guangdong Tianhe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Tianhe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Tianhe's standard deviation. In reality, there are many statistical measures that can use Guangdong Tianhe historical prices to predict the future Guangdong Tianhe's volatility.| Risk Adjusted Performance | 0.1706 | |||
| Jensen Alpha | 0.6226 | |||
| Total Risk Alpha | 0.5462 | |||
| Sortino Ratio | 0.1887 | |||
| Treynor Ratio | 1.26 |
Guangdong Tianhe Agr Backtested Returns
Guangdong Tianhe appears to be slightly risky, given 3 months investment horizon. Guangdong Tianhe Agr holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of standard deviation over the last 3 months. By evaluating Guangdong Tianhe's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Guangdong Tianhe's risk adjusted performance of 0.1706, and Market Risk Adjusted Performance of 1.27 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Tianhe holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guangdong Tianhe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong Tianhe is expected to be smaller as well. Please check Guangdong Tianhe's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong Tianhe's current trending patterns will revert.
Auto-correlation | 0.21 |
Weak predictability
Guangdong Tianhe Agricultural has weak predictability. Overlapping area represents the amount of predictability between Guangdong Tianhe time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Tianhe Agr price movement. The serial correlation of 0.21 indicates that over 21.0% of current Guangdong Tianhe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Guangdong Tianhe Agr lagged returns against current returns
Autocorrelation, which is Guangdong Tianhe 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 Tianhe's stock expected returns. We can calculate the autocorrelation of Guangdong Tianhe returns to help us make a trade decision. For example, suppose you find that Guangdong Tianhe 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 Tianhe 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 Tianhe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Tianhe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Tianhe stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Tianhe Lagged Returns
When evaluating Guangdong Tianhe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Tianhe stock have on its future price. Guangdong Tianhe 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 Tianhe autocorrelation shows the relationship between Guangdong Tianhe stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Tianhe Agricultural.
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 Tianhe 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 Tianhe security.