State Grid (China) Market Value
| 600131 Stock | 22.22 1.49 7.19% |
| Symbol | State |
State Grid '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 State Grid'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 State Grid.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in State Grid on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding State Grid InformationCommunication or generate 0.0% return on investment in State Grid over 30 days. State Grid is related to or competes with Tibet Huayu, China Sports, Shandong Mining, Qingdao Choho, Hefei Metalforming, Rising Nonferrous, and CITIC Metal. State Grid is entity of China. It is traded as Stock on SHG exchange. More
State Grid 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 State Grid'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 State Grid InformationCommunication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.01 | |||
| Information Ratio | 0.1103 | |||
| Maximum Drawdown | 16.17 | |||
| Value At Risk | (4.12) | |||
| Potential Upside | 6.19 |
State Grid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for State Grid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as State Grid's standard deviation. In reality, there are many statistical measures that can use State Grid historical prices to predict the future State Grid's volatility.| Risk Adjusted Performance | 0.1242 | |||
| Jensen Alpha | 0.5017 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1197 | |||
| Treynor Ratio | (4.38) |
State Grid Informati Backtested Returns
State Grid appears to be not too volatile, given 3 months investment horizon. State Grid Informati owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17% return per unit of risk over the last 3 months. By inspecting State Grid's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please review State Grid's Risk Adjusted Performance of 0.1242, semi deviation of 2.51, and Coefficient Of Variation of 655.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, State Grid holds a performance score of 13. The entity has a beta of -0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning State Grid are expected to decrease at a much lower rate. During the bear market, State Grid is likely to outperform the market. Please check State Grid's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether State Grid's existing price patterns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
State Grid InformationCommunication has good reverse predictability. Overlapping area represents the amount of predictability between State Grid time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 State Grid Informati price movement. The serial correlation of -0.55 indicates that about 55.0% of current State Grid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
State Grid Informati lagged returns against current returns
Autocorrelation, which is State Grid 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 State Grid's stock expected returns. We can calculate the autocorrelation of State Grid returns to help us make a trade decision. For example, suppose you find that State Grid 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 |
State Grid 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 State Grid stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if State Grid stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in State Grid stock over time.
Current vs Lagged Prices |
| Timeline |
State Grid Lagged Returns
When evaluating State Grid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of State Grid stock have on its future price. State Grid 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, State Grid autocorrelation shows the relationship between State Grid stock current value and its past values and can show if there is a momentum factor associated with investing in State Grid InformationCommunication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in State Stock
State Grid financial ratios help investors to determine whether State 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 State with respect to the benefits of owning State Grid security.