Gohigh Data's market value is the price at which a share of Gohigh Data trades on a public exchange. It measures the collective expectations of Gohigh Data Networks investors about its performance. Gohigh Data is trading at 2.97 as of the 19th of January 2025, a 0.67 percent decrease since the beginning of the trading day. The stock's open price was 2.99. With this module, you can estimate the performance of a buy and hold strategy of Gohigh Data Networks and determine expected loss or profit from investing in Gohigh Data over a given investment horizon. Check out Gohigh Data Correlation, Gohigh Data Volatility and Gohigh Data Alpha and Beta module to complement your research on Gohigh Data.
Please note, there is a significant difference between Gohigh Data's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gohigh Data is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gohigh Data's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Gohigh Data '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 Gohigh Data'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 Gohigh Data.
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11/26/2023
No Change 0.00
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In 1 year 1 month and 25 days
01/19/2025
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If you would invest 0.00 in Gohigh Data on November 26, 2023 and sell it all today you would earn a total of 0.00 from holding Gohigh Data Networks or generate 0.0% return on investment in Gohigh Data over 420 days. Gohigh Data is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, PetroChina, China Mobile, Bank of China, and China Construction. Gohigh Data is entity of China. It is traded as Stock on SHE exchange. More
Gohigh Data 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 Gohigh Data'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 Gohigh Data Networks upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gohigh Data's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gohigh Data's standard deviation. In reality, there are many statistical measures that can use Gohigh Data historical prices to predict the future Gohigh Data's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gohigh Data. Your research has to be compared to or analyzed against Gohigh Data's peers to derive any actionable benefits. When done correctly, Gohigh Data's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Gohigh Data Networks.
Gohigh Data Networks Backtested Returns
At this point, Gohigh Data is risky. Gohigh Data Networks holds Efficiency (Sharpe) Ratio of 0.0065, which attests that the entity had a 0.0065% return per unit of risk over the last 3 months. We have found thirty technical indicators for Gohigh Data Networks, which you can use to evaluate the volatility of the firm. Please check out Gohigh Data's Risk Adjusted Performance of 0.0262, market risk adjusted performance of 0.0769, and Downside Deviation of 3.52 to validate if the risk estimate we provide is consistent with the expected return of 0.0209%. The company retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. Gohigh Data returns are very sensitive to returns on the market. As the market goes up or down, Gohigh Data is expected to follow. Gohigh Data Networks right now retains a risk of 3.24%. Please check out Gohigh Data market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Gohigh Data will be following its current trending patterns.
Auto-correlation
-0.71
Almost perfect reverse predictability
Gohigh Data Networks has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Gohigh Data time series from 26th of November 2023 to 23rd of June 2024 and 23rd of June 2024 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gohigh Data Networks price movement. The serial correlation of -0.71 indicates that around 71.0% of current Gohigh Data price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.71
Spearman Rank Test
-0.73
Residual Average
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Price Variance
0.5
Gohigh Data Networks lagged returns against current returns
Autocorrelation, which is Gohigh Data 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 Gohigh Data's stock expected returns. We can calculate the autocorrelation of Gohigh Data returns to help us make a trade decision. For example, suppose you find that Gohigh Data 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
Gohigh Data 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 Gohigh Data stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gohigh Data stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gohigh Data stock over time.
Current vs Lagged Prices
Timeline
Gohigh Data Lagged Returns
When evaluating Gohigh Data's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gohigh Data stock have on its future price. Gohigh Data 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, Gohigh Data autocorrelation shows the relationship between Gohigh Data stock current value and its past values and can show if there is a momentum factor associated with investing in Gohigh Data Networks.
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.
Gohigh Data financial ratios help investors to determine whether Gohigh 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 Gohigh with respect to the benefits of owning Gohigh Data security.