Guangdong Qunxing (China) Market Value
| 002575 Stock | 9.04 0.63 7.49% |
| Symbol | Guangdong |
Guangdong Qunxing '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 Qunxing'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 Qunxing.
| 12/26/2023 |
| 02/18/2025 |
If you would invest 0.00 in Guangdong Qunxing on December 26, 2023 and sell it all today you would earn a total of 0.00 from holding Guangdong Qunxing Toys or generate 0.0% return on investment in Guangdong Qunxing over 420 days. Guangdong Qunxing is related to or competes with Dongguan Tarry, Zhongrun Resources, Jiangyin Jianghua, Guangdong Ellington, Goke Microelectronics, Jiangxi Lianchuang, and Beijing Mainstreets. Guangdong Qunxing is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Qunxing 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 Qunxing'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 Qunxing Toys upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.93 | |||
| Information Ratio | 0.17 | |||
| Maximum Drawdown | 19.8 | |||
| Value At Risk | (5.95) | |||
| Potential Upside | 7.79 |
Guangdong Qunxing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Qunxing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Qunxing's standard deviation. In reality, there are many statistical measures that can use Guangdong Qunxing historical prices to predict the future Guangdong Qunxing's volatility.| Risk Adjusted Performance | 0.1306 | |||
| Jensen Alpha | 0.7173 | |||
| Total Risk Alpha | 0.711 | |||
| Sortino Ratio | 0.1825 | |||
| Treynor Ratio | 3.17 |
Guangdong Qunxing Toys Backtested Returns
Guangdong Qunxing appears to be slightly risky, given 3 months investment horizon. Guangdong Qunxing Toys 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 Qunxing's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Guangdong Qunxing's risk adjusted performance of 0.1306, and Market Risk Adjusted Performance of 3.18 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Qunxing holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guangdong Qunxing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong Qunxing is expected to be smaller as well. Please check Guangdong Qunxing's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong Qunxing's current trending patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Guangdong Qunxing Toys has modest reverse predictability. Overlapping area represents the amount of predictability between Guangdong Qunxing time series from 26th of December 2023 to 23rd of July 2024 and 23rd of July 2024 to 18th of February 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 Qunxing Toys price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Guangdong Qunxing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 1.99 |
Guangdong Qunxing Toys lagged returns against current returns
Autocorrelation, which is Guangdong Qunxing 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 Qunxing's stock expected returns. We can calculate the autocorrelation of Guangdong Qunxing returns to help us make a trade decision. For example, suppose you find that Guangdong Qunxing 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 Qunxing 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 Qunxing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Qunxing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Qunxing stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Qunxing Lagged Returns
When evaluating Guangdong Qunxing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Qunxing stock have on its future price. Guangdong Qunxing 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 Qunxing autocorrelation shows the relationship between Guangdong Qunxing stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Qunxing Toys.
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 Qunxing 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 Qunxing security.