GEM (China) Market Value
| 002340 Stock | 6.55 0.12 1.80% |
| Symbol | GEM |
GEM '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 GEM'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 GEM.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in GEM on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding GEM Co or generate 0.0% return on investment in GEM over 30 days. GEM is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. GEM is entity of China. It is traded as Stock on SHE exchange. More
GEM 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 GEM'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 GEM Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.28 | |||
| Information Ratio | 0.0875 | |||
| Maximum Drawdown | 16.39 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 6.59 |
GEM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GEM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GEM's standard deviation. In reality, there are many statistical measures that can use GEM historical prices to predict the future GEM's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.2793 | |||
| Total Risk Alpha | 0.1578 | |||
| Sortino Ratio | 0.1071 | |||
| Treynor Ratio | (56.97) |
GEM Co Backtested Returns
At this point, GEM is slightly risky. GEM Co holds Efficiency (Sharpe) Ratio of 0.014, which attests that the entity had a 0.014% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for GEM Co, which you can use to evaluate the volatility of the firm. Please check out GEM's Market Risk Adjusted Performance of (56.96), semi deviation of 1.99, and Risk Adjusted Performance of 0.0899 to validate if the risk estimate we provide is consistent with the expected return of 0.0379%. GEM has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0049, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GEM are expected to decrease at a much lower rate. During the bear market, GEM is likely to outperform the market. GEM Co now retains a risk of 2.7%. Please check out GEM coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if GEM will be following its current trending patterns.
Auto-correlation | -0.11 |
Insignificant reverse predictability
GEM Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between GEM time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 GEM Co price movement. The serial correlation of -0.11 indicates that less than 11.0% of current GEM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
GEM Co lagged returns against current returns
Autocorrelation, which is GEM 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 GEM's stock expected returns. We can calculate the autocorrelation of GEM returns to help us make a trade decision. For example, suppose you find that GEM 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 |
GEM 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 GEM stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GEM stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GEM stock over time.
Current vs Lagged Prices |
| Timeline |
GEM Lagged Returns
When evaluating GEM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GEM stock have on its future price. GEM 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, GEM autocorrelation shows the relationship between GEM stock current value and its past values and can show if there is a momentum factor associated with investing in GEM Co.
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 GEM Stock
GEM financial ratios help investors to determine whether GEM 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 GEM with respect to the benefits of owning GEM security.