GKHT Medical (China) Market Value
| 301370 Stock | 12.13 0.20 1.68% |
| Symbol | GKHT |
GKHT Medical '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 GKHT Medical'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 GKHT Medical.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in GKHT Medical on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding GKHT Medical Technology or generate 0.0% return on investment in GKHT Medical over 30 days. GKHT Medical is related to or competes with Zhongshan Broad, Beijing SPC, RoadMain T, Shandong, Sinocat Environmental, Penyao Environmental, and Anhui Fuhuang. GKHT Medical is entity of China. It is traded as Stock on SHE exchange. More
GKHT Medical 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 GKHT Medical'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 GKHT Medical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.1091 | |||
| Maximum Drawdown | 27.19 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 4.41 |
GKHT Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GKHT Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GKHT Medical's standard deviation. In reality, there are many statistical measures that can use GKHT Medical historical prices to predict the future GKHT Medical's volatility.| Risk Adjusted Performance | 0.1165 | |||
| Jensen Alpha | 0.5417 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1099 | |||
| Treynor Ratio | (3.89) |
GKHT Medical Technology Backtested Returns
GKHT Medical appears to be somewhat reliable, given 3 months investment horizon. GKHT Medical Technology holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of return volatility over the last 3 months. By examining GKHT Medical's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize GKHT Medical's Market Risk Adjusted Performance of (3.88), risk adjusted performance of 0.1165, and Semi Deviation of 3.34 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GKHT Medical holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GKHT Medical are expected to decrease at a much lower rate. During the bear market, GKHT Medical is likely to outperform the market. Please check GKHT Medical's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether GKHT Medical's current trending patterns will revert.
Auto-correlation | -0.34 |
Poor reverse predictability
GKHT Medical Technology has poor reverse predictability. Overlapping area represents the amount of predictability between GKHT Medical 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 GKHT Medical Technology price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current GKHT Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
GKHT Medical Technology lagged returns against current returns
Autocorrelation, which is GKHT Medical 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 GKHT Medical's stock expected returns. We can calculate the autocorrelation of GKHT Medical returns to help us make a trade decision. For example, suppose you find that GKHT Medical 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 |
GKHT Medical 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 GKHT Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GKHT Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GKHT Medical stock over time.
Current vs Lagged Prices |
| Timeline |
GKHT Medical Lagged Returns
When evaluating GKHT Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GKHT Medical stock have on its future price. GKHT Medical 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, GKHT Medical autocorrelation shows the relationship between GKHT Medical stock current value and its past values and can show if there is a momentum factor associated with investing in GKHT Medical Technology.
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 GKHT Stock
GKHT Medical financial ratios help investors to determine whether GKHT 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 GKHT with respect to the benefits of owning GKHT Medical security.