Guangdong Zhongsheng (China) Market Value
| 002317 Stock | 11.40 0.01 0.09% |
| Symbol | Guangdong |
Guangdong Zhongsheng '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 Guangdong Zhongsheng'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 Guangdong Zhongsheng.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Guangdong Zhongsheng on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Guangdong Zhongsheng Pharmaceutical or generate 0.0% return on investment in Guangdong Zhongsheng over 570 days. Guangdong Zhongsheng is related to or competes with Nanning Chemical, Dymatic Chemicals, Shenzhen Noposion, HeBei Jinniu, Xinxiang Chemical, Tonghua Grape, and Xilong Chemical. More
Guangdong Zhongsheng 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 Guangdong Zhongsheng'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 Guangdong Zhongsheng Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 15.07 | |||
| Value At Risk | (3.82) | |||
| Potential Upside | 3.45 |
Guangdong Zhongsheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Zhongsheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Zhongsheng's standard deviation. In reality, there are many statistical measures that can use Guangdong Zhongsheng historical prices to predict the future Guangdong Zhongsheng's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 2.66 |
Guangdong Zhongsheng Backtested Returns
Guangdong Zhongsheng holds Efficiency (Sharpe) Ratio of -0.0743, which attests that the entity had a -0.0743 % return per unit of standard deviation over the last 3 months. Guangdong Zhongsheng exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guangdong Zhongsheng's risk adjusted performance of (0.06), and Market Risk Adjusted Performance of 2.67 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0719, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Zhongsheng are expected to decrease at a much lower rate. During the bear market, Guangdong Zhongsheng is likely to outperform the market. At this point, Guangdong Zhongsheng has a negative expected return of -0.18%. Please make sure to check out Guangdong Zhongsheng's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Guangdong Zhongsheng performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Guangdong Zhongsheng Pharmaceutical has poor reverse predictability. Overlapping area represents the amount of predictability between Guangdong Zhongsheng time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 to 20th 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 Guangdong Zhongsheng price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Guangdong Zhongsheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 1.37 |
Guangdong Zhongsheng lagged returns against current returns
Autocorrelation, which is Guangdong Zhongsheng 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 Guangdong Zhongsheng's stock expected returns. We can calculate the autocorrelation of Guangdong Zhongsheng returns to help us make a trade decision. For example, suppose you find that Guangdong Zhongsheng 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 |
Guangdong Zhongsheng 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 Guangdong Zhongsheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Zhongsheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Zhongsheng stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Zhongsheng Lagged Returns
When evaluating Guangdong Zhongsheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Zhongsheng stock have on its future price. Guangdong Zhongsheng 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, Guangdong Zhongsheng autocorrelation shows the relationship between Guangdong Zhongsheng stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Zhongsheng Pharmaceutical.
Regressed Prices |
| Timeline |
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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 Guangdong Stock
Guangdong Zhongsheng financial ratios help investors to determine whether Guangdong 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 Guangdong with respect to the benefits of owning Guangdong Zhongsheng security.