Guangzhou Hongli (China) Market Value
| 300219 Stock | 8.15 0.14 1.75% |
| Symbol | Guangzhou |
Guangzhou Hongli '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 Guangzhou Hongli'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 Guangzhou Hongli.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Guangzhou Hongli on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Guangzhou Hongli Opto or generate 0.0% return on investment in Guangzhou Hongli over 30 days. Guangzhou Hongli is related to or competes with Nanjing Putian, Tianjin Realty, Kangyue Technology, Shenzhen Hifuture, Shenzhen Changfang, Jiangsu Xinning, and Hubei Geoway. Guangzhou Hongli is entity of China. It is traded as Stock on SHE exchange. More
Guangzhou Hongli 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 Guangzhou Hongli'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 Guangzhou Hongli Opto upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.03 | |||
| Information Ratio | 0.1187 | |||
| Maximum Drawdown | 30.99 | |||
| Value At Risk | (5.50) | |||
| Potential Upside | 4.15 |
Guangzhou Hongli Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangzhou Hongli's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangzhou Hongli's standard deviation. In reality, there are many statistical measures that can use Guangzhou Hongli historical prices to predict the future Guangzhou Hongli's volatility.| Risk Adjusted Performance | 0.1081 | |||
| Jensen Alpha | 0.5317 | |||
| Total Risk Alpha | 0.4127 | |||
| Sortino Ratio | 0.1269 | |||
| Treynor Ratio | 7.72 |
Guangzhou Hongli Opto Backtested Returns
Guangzhou Hongli appears to be slightly risky, given 3 months investment horizon. Guangzhou Hongli Opto holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of standard deviation over the last 3 months. By evaluating Guangzhou Hongli's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Guangzhou Hongli's risk adjusted performance of 0.1081, and Market Risk Adjusted Performance of 7.73 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangzhou Hongli holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.0691, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guangzhou Hongli's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangzhou Hongli is expected to be smaller as well. Please check Guangzhou Hongli's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangzhou Hongli's current trending patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Guangzhou Hongli Opto has poor reverse predictability. Overlapping area represents the amount of predictability between Guangzhou Hongli time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Guangzhou Hongli Opto price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Guangzhou Hongli price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Guangzhou Hongli Opto lagged returns against current returns
Autocorrelation, which is Guangzhou Hongli 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 Guangzhou Hongli's stock expected returns. We can calculate the autocorrelation of Guangzhou Hongli returns to help us make a trade decision. For example, suppose you find that Guangzhou Hongli 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 |
Guangzhou Hongli 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 Guangzhou Hongli stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangzhou Hongli stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangzhou Hongli stock over time.
Current vs Lagged Prices |
| Timeline |
Guangzhou Hongli Lagged Returns
When evaluating Guangzhou Hongli's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangzhou Hongli stock have on its future price. Guangzhou Hongli 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, Guangzhou Hongli autocorrelation shows the relationship between Guangzhou Hongli stock current value and its past values and can show if there is a momentum factor associated with investing in Guangzhou Hongli Opto.
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 Guangzhou Stock
Guangzhou Hongli financial ratios help investors to determine whether Guangzhou 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 Guangzhou with respect to the benefits of owning Guangzhou Hongli security.