Guangdong Jinming (China) Market Value
| 300281 Stock | 6.72 0.06 0.90% |
| Symbol | Guangdong |
Guangdong Jinming '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 Jinming'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 Jinming.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Guangdong Jinming on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Guangdong Jinming Machinery or generate 0.0% return on investment in Guangdong Jinming over 720 days. Guangdong Jinming is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. Guangdong Jinming is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Jinming 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 Jinming'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 Jinming Machinery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.77 | |||
| Information Ratio | 0.1144 | |||
| Maximum Drawdown | 32.59 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 7.26 |
Guangdong Jinming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Jinming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Jinming's standard deviation. In reality, there are many statistical measures that can use Guangdong Jinming historical prices to predict the future Guangdong Jinming's volatility.| Risk Adjusted Performance | 0.1186 | |||
| Jensen Alpha | 0.6692 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1109 | |||
| Treynor Ratio | (6.50) |
Guangdong Jinming Backtested Returns
Guangdong Jinming appears to be relatively risky, given 3 months investment horizon. Guangdong Jinming 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 Jinming's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please utilize Guangdong Jinming's risk adjusted performance of 0.1186, and Market Risk Adjusted Performance of (6.49) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Jinming holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.1, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Jinming are expected to decrease at a much lower rate. During the bear market, Guangdong Jinming is likely to outperform the market. Please check Guangdong Jinming's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong Jinming's current trending patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Guangdong Jinming Machinery has weak predictability. Overlapping area represents the amount of predictability between Guangdong Jinming time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Guangdong Jinming price movement. The serial correlation of 0.23 indicates that over 23.0% of current Guangdong Jinming price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.69 |
Guangdong Jinming lagged returns against current returns
Autocorrelation, which is Guangdong Jinming 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 Jinming's stock expected returns. We can calculate the autocorrelation of Guangdong Jinming returns to help us make a trade decision. For example, suppose you find that Guangdong Jinming 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 Jinming 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 Jinming stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Jinming stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Jinming stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Jinming Lagged Returns
When evaluating Guangdong Jinming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Jinming stock have on its future price. Guangdong Jinming 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 Jinming autocorrelation shows the relationship between Guangdong Jinming stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Jinming Machinery.
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 Guangdong Stock
Guangdong Jinming 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 Jinming security.