Gifore Agricultural (China) Market Value
| 300022 Stock | 4.98 0.03 0.60% |
| Symbol | Gifore |
Gifore Agricultural '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 Gifore Agricultural'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 Gifore Agricultural.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Gifore Agricultural on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Gifore Agricultural Machinery or generate 0.0% return on investment in Gifore Agricultural over 30 days. Gifore Agricultural is related to or competes with CareRay Digital, Shaanxi Construction, Xiangyu Medical, Allgens Medical, Huasi Agricultural, Ningbo Construction, and Shenzhen Zhongzhuang. Gifore Agricultural is entity of China. It is traded as Stock on SHE exchange. More
Gifore Agricultural 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 Gifore Agricultural'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 Gifore Agricultural Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.1421 | |||
| Maximum Drawdown | 25.21 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 8.41 |
Gifore Agricultural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gifore Agricultural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gifore Agricultural's standard deviation. In reality, there are many statistical measures that can use Gifore Agricultural historical prices to predict the future Gifore Agricultural's volatility.| Risk Adjusted Performance | 0.1426 | |||
| Jensen Alpha | 0.6935 | |||
| Total Risk Alpha | 0.0871 | |||
| Sortino Ratio | 0.1496 | |||
| Treynor Ratio | (1.15) |
Gifore Agricultural Backtested Returns
Gifore Agricultural appears to be relatively risky, given 3 months investment horizon. Gifore Agricultural holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Gifore Agricultural's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Gifore Agricultural's Market Risk Adjusted Performance of (1.14), risk adjusted performance of 0.1426, and Downside Deviation of 3.45 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gifore Agricultural holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gifore Agricultural are expected to decrease at a much lower rate. During the bear market, Gifore Agricultural is likely to outperform the market. Please check Gifore Agricultural's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Gifore Agricultural's current trending patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Gifore Agricultural Machinery has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gifore Agricultural time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Gifore Agricultural price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Gifore Agricultural price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Gifore Agricultural lagged returns against current returns
Autocorrelation, which is Gifore Agricultural 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 Gifore Agricultural's stock expected returns. We can calculate the autocorrelation of Gifore Agricultural returns to help us make a trade decision. For example, suppose you find that Gifore Agricultural 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 |
Gifore Agricultural 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 Gifore Agricultural stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gifore Agricultural stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gifore Agricultural stock over time.
Current vs Lagged Prices |
| Timeline |
Gifore Agricultural Lagged Returns
When evaluating Gifore Agricultural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gifore Agricultural stock have on its future price. Gifore Agricultural 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, Gifore Agricultural autocorrelation shows the relationship between Gifore Agricultural stock current value and its past values and can show if there is a momentum factor associated with investing in Gifore Agricultural Machinery.
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 Gifore Stock
Gifore Agricultural financial ratios help investors to determine whether Gifore 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 Gifore with respect to the benefits of owning Gifore Agricultural security.