Qingdao Gon (China) Market Value
| 002768 Stock | 24.85 0.21 0.85% |
| Symbol | Qingdao |
Qingdao Gon '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 Qingdao Gon'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 Qingdao Gon.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Qingdao Gon on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Qingdao Gon Technology or generate 0.0% return on investment in Qingdao Gon over 90 days. Qingdao Gon is related to or competes with Dareway Software, Glodon Software, Linkage Software, Linewell Software, Guotai Epoint, Thunder Software, and Montage Technology. Qingdao Gon is entity of China. It is traded as Stock on SHE exchange. More
Qingdao Gon 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 Qingdao Gon'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 Qingdao Gon Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.1238 | |||
| Maximum Drawdown | 8.78 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.85 |
Qingdao Gon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Gon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Gon's standard deviation. In reality, there are many statistical measures that can use Qingdao Gon historical prices to predict the future Qingdao Gon's volatility.| Risk Adjusted Performance | 0.0588 | |||
| Jensen Alpha | 0.1191 | |||
| Total Risk Alpha | 0.4111 | |||
| Sortino Ratio | 0.1311 | |||
| Treynor Ratio | 3.04 |
Qingdao Gon Technology Backtested Returns
At this point, Qingdao Gon is very steady. Qingdao Gon Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0345, which implies the firm had a 0.0345 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Qingdao Gon Technology, which you can use to evaluate the volatility of the company. Please check Qingdao Gon's Risk Adjusted Performance of 0.0588, coefficient of variation of 1566.47, and Semi Deviation of 1.69 to confirm if the risk estimate we provide is consistent with the expected return of 0.0687%. Qingdao Gon has a performance score of 2 on a scale of 0 to 100. The company holds a Beta of 0.0376, which implies not very significant fluctuations relative to the market. As returns on the market increase, Qingdao Gon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Qingdao Gon is expected to be smaller as well. Qingdao Gon Technology right now holds a risk of 1.99%. Please check Qingdao Gon Technology semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Qingdao Gon Technology will be following its historical price patterns.
Auto-correlation | -0.32 |
Poor reverse predictability
Qingdao Gon Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Qingdao Gon time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 Qingdao Gon Technology price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Qingdao Gon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.64 |
Qingdao Gon Technology lagged returns against current returns
Autocorrelation, which is Qingdao Gon 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 Qingdao Gon's stock expected returns. We can calculate the autocorrelation of Qingdao Gon returns to help us make a trade decision. For example, suppose you find that Qingdao Gon 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 |
Qingdao Gon 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 Qingdao Gon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Gon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Gon stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao Gon Lagged Returns
When evaluating Qingdao Gon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Gon stock have on its future price. Qingdao Gon 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, Qingdao Gon autocorrelation shows the relationship between Qingdao Gon stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Gon Technology.
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 Qingdao Stock
Qingdao Gon financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Gon security.