Qingdao Gon's market value is the price at which a share of Qingdao Gon trades on a public exchange. It measures the collective expectations of Qingdao Gon Technology investors about its performance. Qingdao Gon is trading at 22.63 as of the 3rd of January 2025, a 1.91 percent decrease since the beginning of the trading day. The stock's open price was 23.07. With this module, you can estimate the performance of a buy and hold strategy of Qingdao Gon Technology and determine expected loss or profit from investing in Qingdao Gon over a given investment horizon. Check out Qingdao Gon Correlation, Qingdao Gon Volatility and Qingdao Gon Alpha and Beta module to complement your research on Qingdao Gon.
Please note, there is a significant difference between Qingdao Gon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qingdao Gon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qingdao Gon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
01/14/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/03/2025
0.00
If you would invest 0.00 in Qingdao Gon on January 14, 2023 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 720 days. Qingdao Gon is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, and Zhejiang Juhua. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Qingdao Gon. Your research has to be compared to or analyzed against Qingdao Gon's peers to derive any actionable benefits. When done correctly, Qingdao Gon's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Qingdao Gon Technology.
Qingdao Gon Technology Backtested Returns
Qingdao Gon Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0064, which implies the firm had a -0.0064% return per unit of risk over the last 3 months. Qingdao Gon Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Qingdao Gon's Risk Adjusted Performance of 0.1093, semi deviation of 2.17, and Coefficient Of Variation of 787.14 to confirm the risk estimate we provide. The company holds a Beta of 0.18, 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. At this point, Qingdao Gon Technology has a negative expected return of -0.014%. Please make sure to check Qingdao Gon's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Qingdao Gon Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.38
Poor reverse predictability
Qingdao Gon Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Qingdao Gon time series from 14th of January 2023 to 9th of January 2024 and 9th of January 2024 to 3rd of January 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 -0.38 indicates that just about 38.0% of current Qingdao Gon price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.38
Spearman Rank Test
-0.29
Residual Average
0.0
Price Variance
4.05
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.
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.