Guangdong Advertising (China) Market Value
| 002400 Stock | 8.56 0.78 10.03% |
| Symbol | Guangdong |
Guangdong Advertising '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 Advertising'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 Advertising.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Guangdong Advertising on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Advertising Co or generate 0.0% return on investment in Guangdong Advertising over 30 days. Guangdong Advertising is related to or competes with Chongqing Brewery, Hengkang Medical, Double Medical, Shandong Publishing, Duzhe Publishing, Tsingtao Brewery, and Cowealth Medical. Guangdong Advertising is entity of China More
Guangdong Advertising 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 Advertising'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 Advertising Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.24 | |||
| Information Ratio | 0.1957 | |||
| Maximum Drawdown | 19.92 | |||
| Value At Risk | (7.93) | |||
| Potential Upside | 9.97 |
Guangdong Advertising Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Advertising's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Advertising's standard deviation. In reality, there are many statistical measures that can use Guangdong Advertising historical prices to predict the future Guangdong Advertising's volatility.| Risk Adjusted Performance | 0.1813 | |||
| Jensen Alpha | 0.8769 | |||
| Total Risk Alpha | 0.257 | |||
| Sortino Ratio | 0.2074 | |||
| Treynor Ratio | 0.9835 |
Guangdong Advertising Backtested Returns
Guangdong Advertising is slightly risky given 3 months investment horizon. Guangdong Advertising holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.14% are justified by taking the suggested risk. Use Guangdong Advertising Co risk adjusted performance of 0.1813, and Market Risk Adjusted Performance of 0.9935 to evaluate company specific risk that cannot be diversified away. Guangdong Advertising holds a performance score of 19 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 1.02, which attests to a somewhat significant risk relative to the market. Guangdong Advertising returns are very sensitive to returns on the market. As the market goes up or down, Guangdong Advertising is expected to follow. Use Guangdong Advertising Co semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Guangdong Advertising Co.
Auto-correlation | 0.70 |
Good predictability
Guangdong Advertising Co has good predictability. Overlapping area represents the amount of predictability between Guangdong Advertising 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 Guangdong Advertising price movement. The serial correlation of 0.7 indicates that around 70.0% of current Guangdong Advertising price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Guangdong Advertising lagged returns against current returns
Autocorrelation, which is Guangdong Advertising 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 Advertising's stock expected returns. We can calculate the autocorrelation of Guangdong Advertising returns to help us make a trade decision. For example, suppose you find that Guangdong Advertising 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 Advertising 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 Advertising stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Advertising stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Advertising stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Advertising Lagged Returns
When evaluating Guangdong Advertising's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Advertising stock have on its future price. Guangdong Advertising 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 Advertising autocorrelation shows the relationship between Guangdong Advertising stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Advertising 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 Guangdong Stock
Guangdong Advertising 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 Advertising security.