Hangzhou Guotai (China) Market Value
| 301203 Stock | 29.26 0.11 0.37% |
| Symbol | Hangzhou |
Hangzhou Guotai '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 Hangzhou Guotai'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 Hangzhou Guotai.
| 10/26/2024 |
| 12/25/2024 |
If you would invest 0.00 in Hangzhou Guotai on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Hangzhou Guotai Environmental or generate 0.0% return on investment in Hangzhou Guotai over 60 days. Hangzhou Guotai is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Hangzhou Guotai is entity of China. It is traded as Stock on SHE exchange. More
Hangzhou Guotai 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 Hangzhou Guotai'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 Hangzhou Guotai Environmental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.0953 | |||
| Maximum Drawdown | 20.3 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.58 |
Hangzhou Guotai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hangzhou Guotai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hangzhou Guotai's standard deviation. In reality, there are many statistical measures that can use Hangzhou Guotai historical prices to predict the future Hangzhou Guotai's volatility.| Risk Adjusted Performance | 0.0956 | |||
| Jensen Alpha | 0.305 | |||
| Total Risk Alpha | 0.188 | |||
| Sortino Ratio | 0.0945 | |||
| Treynor Ratio | 0.9664 |
Hangzhou Guotai Envi Backtested Returns
Hangzhou Guotai appears to be very steady, given 3 months investment horizon. Hangzhou Guotai Envi holds Efficiency (Sharpe) Ratio of 0.0772, which attests that the entity had a 0.0772% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hangzhou Guotai Envi, which you can use to evaluate the volatility of the firm. Please utilize Hangzhou Guotai's Downside Deviation of 2.98, market risk adjusted performance of 0.9764, and Risk Adjusted Performance of 0.0956 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hangzhou Guotai holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of 0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hangzhou Guotai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hangzhou Guotai is expected to be smaller as well. Please check Hangzhou Guotai's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Hangzhou Guotai's current trending patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Hangzhou Guotai Environmental has weak predictability. Overlapping area represents the amount of predictability between Hangzhou Guotai time series from 26th of October 2024 to 25th of November 2024 and 25th of November 2024 to 25th 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 Hangzhou Guotai Envi price movement. The serial correlation of 0.2 indicates that over 20.0% of current Hangzhou Guotai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Hangzhou Guotai Envi lagged returns against current returns
Autocorrelation, which is Hangzhou Guotai 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 Hangzhou Guotai's stock expected returns. We can calculate the autocorrelation of Hangzhou Guotai returns to help us make a trade decision. For example, suppose you find that Hangzhou Guotai 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 |
Hangzhou Guotai 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 Hangzhou Guotai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hangzhou Guotai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hangzhou Guotai stock over time.
Current vs Lagged Prices |
| Timeline |
Hangzhou Guotai Lagged Returns
When evaluating Hangzhou Guotai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hangzhou Guotai stock have on its future price. Hangzhou Guotai 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, Hangzhou Guotai autocorrelation shows the relationship between Hangzhou Guotai stock current value and its past values and can show if there is a momentum factor associated with investing in Hangzhou Guotai Environmental.
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 Hangzhou Stock
Hangzhou Guotai financial ratios help investors to determine whether Hangzhou 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 Hangzhou with respect to the benefits of owning Hangzhou Guotai security.