Guangdong Electric (China) Market Value
| 200539 Stock | 2.05 0.01 0.49% |
| Symbol | Guangdong |
Guangdong Electric '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 Electric'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 Electric.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Guangdong Electric on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Electric Power or generate 0.0% return on investment in Guangdong Electric over 30 days. Guangdong Electric is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Guangdong Electric is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Electric 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 Electric'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 Electric Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0613 | |||
| Maximum Drawdown | 7.5 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.56 |
Guangdong Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Electric's standard deviation. In reality, there are many statistical measures that can use Guangdong Electric historical prices to predict the future Guangdong Electric's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.0887 | |||
| Total Risk Alpha | 0.0573 | |||
| Sortino Ratio | 0.0622 | |||
| Treynor Ratio | (1.05) |
Guangdong Electric Power Backtested Returns
At this point, Guangdong Electric is slightly risky. Guangdong Electric Power holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Guangdong Electric Power, which you can use to evaluate the volatility of the firm. Please check out Guangdong Electric's risk adjusted performance of 0.0752, and Market Risk Adjusted Performance of (1.04) to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Guangdong Electric has a performance score of 8 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0826, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Electric are expected to decrease at a much lower rate. During the bear market, Guangdong Electric is likely to outperform the market. Guangdong Electric Power right now retains a risk of 1.08%. Please check out Guangdong Electric market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Guangdong Electric will be following its current trending patterns.
Auto-correlation | -0.3 |
Weak reverse predictability
Guangdong Electric Power has weak reverse predictability. Overlapping area represents the amount of predictability between Guangdong Electric time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 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 Electric Power price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Guangdong Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Guangdong Electric Power lagged returns against current returns
Autocorrelation, which is Guangdong Electric 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 Electric's stock expected returns. We can calculate the autocorrelation of Guangdong Electric returns to help us make a trade decision. For example, suppose you find that Guangdong Electric 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 Electric 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 Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Electric Lagged Returns
When evaluating Guangdong Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Electric stock have on its future price. Guangdong Electric 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 Electric autocorrelation shows the relationship between Guangdong Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Electric Power.
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 Electric 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 Electric security.