Glodon Software (China) Market Value
| 002410 Stock | 13.02 0.08 0.61% |
| Symbol | Glodon |
Glodon Software '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 Glodon Software'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 Glodon Software.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Glodon Software on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Glodon Software Co or generate 0.0% return on investment in Glodon Software over 30 days. Glodon Software is related to or competes with BYD Co, China Mobile, Agricultural Bank, Industrial, China State, China Construction, and PetroChina. Glodon Software is entity of China. It is traded as Stock on SHE exchange. More
Glodon Software 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 Glodon Software'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 Glodon Software Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.98 | |||
| Information Ratio | 0.0967 | |||
| Maximum Drawdown | 19.12 | |||
| Value At Risk | (6.97) | |||
| Potential Upside | 9.99 |
Glodon Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glodon Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glodon Software's standard deviation. In reality, there are many statistical measures that can use Glodon Software historical prices to predict the future Glodon Software's volatility.| Risk Adjusted Performance | 0.1013 | |||
| Jensen Alpha | 0.5208 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1095 | |||
| Treynor Ratio | 3.07 |
Glodon Software Backtested Returns
Glodon Software appears to be somewhat reliable, given 3 months investment horizon. Glodon Software holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Glodon Software's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Glodon Software's Market Risk Adjusted Performance of 3.08, downside deviation of 3.98, and Risk Adjusted Performance of 0.1013 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Glodon Software holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Glodon Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Glodon Software is expected to be smaller as well. Please check Glodon Software's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Glodon Software's current trending patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Glodon Software Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Glodon Software time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Glodon Software price movement. The serial correlation of -0.78 indicates that around 78.0% of current Glodon Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Glodon Software lagged returns against current returns
Autocorrelation, which is Glodon Software 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 Glodon Software's stock expected returns. We can calculate the autocorrelation of Glodon Software returns to help us make a trade decision. For example, suppose you find that Glodon Software 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 |
Glodon Software 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 Glodon Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glodon Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glodon Software stock over time.
Current vs Lagged Prices |
| Timeline |
Glodon Software Lagged Returns
When evaluating Glodon Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glodon Software stock have on its future price. Glodon Software 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, Glodon Software autocorrelation shows the relationship between Glodon Software stock current value and its past values and can show if there is a momentum factor associated with investing in Glodon Software 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 Glodon Stock
Glodon Software financial ratios help investors to determine whether Glodon 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 Glodon with respect to the benefits of owning Glodon Software security.