Gan Yuan (China) Market Value
| 002991 Stock | 85.45 3.26 3.67% |
| Symbol | Gan |
Gan Yuan '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 Gan Yuan'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 Gan Yuan.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Gan Yuan on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Gan Yuan Foods or generate 0.0% return on investment in Gan Yuan over 30 days. Gan Yuan is related to or competes with Anji Foodstuff, Xinjiang Communications, Tongyu Communication, Allwin Telecommunicatio, Qingdao Foods, Eastern Communications, and Changchun Faway. Gan Yuan is entity of China. It is traded as Stock on SHE exchange. More
Gan Yuan 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 Gan Yuan'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 Gan Yuan Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | 0.2502 | |||
| Maximum Drawdown | 18.08 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 9.01 |
Gan Yuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gan Yuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gan Yuan's standard deviation. In reality, there are many statistical measures that can use Gan Yuan historical prices to predict the future Gan Yuan's volatility.| Risk Adjusted Performance | 0.2137 | |||
| Jensen Alpha | 0.8479 | |||
| Total Risk Alpha | 0.7581 | |||
| Sortino Ratio | 0.3669 | |||
| Treynor Ratio | 2.67 |
Gan Yuan Foods Backtested Returns
Gan Yuan appears to be very steady, given 3 months investment horizon. Gan Yuan Foods holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. By evaluating Gan Yuan's technical indicators, you can evaluate if the expected return of 0.78% is justified by implied risk. Please utilize Gan Yuan's Risk Adjusted Performance of 0.2137, market risk adjusted performance of 2.68, and Downside Deviation of 2.27 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gan Yuan holds a performance score of 19. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gan Yuan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gan Yuan is expected to be smaller as well. Please check Gan Yuan's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Gan Yuan's current trending patterns will revert.
Auto-correlation | 0.58 |
Modest predictability
Gan Yuan Foods has modest predictability. Overlapping area represents the amount of predictability between Gan Yuan time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Gan Yuan Foods price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current Gan Yuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 13.96 |
Gan Yuan Foods lagged returns against current returns
Autocorrelation, which is Gan Yuan 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 Gan Yuan's stock expected returns. We can calculate the autocorrelation of Gan Yuan returns to help us make a trade decision. For example, suppose you find that Gan Yuan 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 |
Gan Yuan 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 Gan Yuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gan Yuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gan Yuan stock over time.
Current vs Lagged Prices |
| Timeline |
Gan Yuan Lagged Returns
When evaluating Gan Yuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gan Yuan stock have on its future price. Gan Yuan 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, Gan Yuan autocorrelation shows the relationship between Gan Yuan stock current value and its past values and can show if there is a momentum factor associated with investing in Gan Yuan Foods.
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 Gan Stock
Gan Yuan financial ratios help investors to determine whether Gan 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 Gan with respect to the benefits of owning Gan Yuan security.