Guangdong Shenglu (China) Market Value
| 002446 Stock | 7.26 0.04 0.55% |
| Symbol | Guangdong |
Guangdong Shenglu '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 Shenglu'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 Shenglu.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Guangdong Shenglu on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding Guangdong Shenglu Telecommunication or generate 0.0% return on investment in Guangdong Shenglu over 540 days. Guangdong Shenglu is related to or competes with Guocheng Mining, Beijing SPC, Uroica Mining, Tongxing Environmental, Gansu Jiu, Shengda Mining, and Fujian Nanwang. Guangdong Shenglu is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Shenglu 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 Shenglu'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 Shenglu Telecommunication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.1087 | |||
| Maximum Drawdown | 18.81 | |||
| Value At Risk | (4.62) | |||
| Potential Upside | 5.22 |
Guangdong Shenglu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Shenglu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Shenglu's standard deviation. In reality, there are many statistical measures that can use Guangdong Shenglu historical prices to predict the future Guangdong Shenglu's volatility.| Risk Adjusted Performance | 0.1225 | |||
| Jensen Alpha | 0.4851 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1135 | |||
| Treynor Ratio | 24.63 |
Guangdong Shenglu Backtested Returns
Guangdong Shenglu appears to be slightly risky, given 3 months investment horizon. Guangdong Shenglu holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of standard deviation over the last 3 months. By evaluating Guangdong Shenglu's technical indicators, you can evaluate if the expected return of 0.59% is justified by implied risk. Please utilize Guangdong Shenglu's risk adjusted performance of 0.1225, and Market Risk Adjusted Performance of 24.64 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Shenglu holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.0198, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guangdong Shenglu's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong Shenglu is expected to be smaller as well. Please check Guangdong Shenglu's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong Shenglu's current trending patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
Guangdong Shenglu Telecommunication has good reverse predictability. Overlapping area represents the amount of predictability between Guangdong Shenglu time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th of November 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 Shenglu price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Guangdong Shenglu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Guangdong Shenglu lagged returns against current returns
Autocorrelation, which is Guangdong Shenglu 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 Shenglu's stock expected returns. We can calculate the autocorrelation of Guangdong Shenglu returns to help us make a trade decision. For example, suppose you find that Guangdong Shenglu 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 Shenglu 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 Shenglu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Shenglu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Shenglu stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Shenglu Lagged Returns
When evaluating Guangdong Shenglu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Shenglu stock have on its future price. Guangdong Shenglu 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 Shenglu autocorrelation shows the relationship between Guangdong Shenglu stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Shenglu Telecommunication.
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 Shenglu 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 Shenglu security.