Guangdong Transtek's market value is the price at which a share of Guangdong Transtek trades on a public exchange. It measures the collective expectations of Guangdong Transtek Medical investors about its performance. Guangdong Transtek is trading at 12.33 as of the 9th of January 2025, a 0.4 percent decrease since the beginning of the trading day. The stock's open price was 12.38. With this module, you can estimate the performance of a buy and hold strategy of Guangdong Transtek Medical and determine expected loss or profit from investing in Guangdong Transtek over a given investment horizon. Check out Guangdong Transtek Correlation, Guangdong Transtek Volatility and Guangdong Transtek Alpha and Beta module to complement your research on Guangdong Transtek.
Please note, there is a significant difference between Guangdong Transtek's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guangdong Transtek is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guangdong Transtek'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.
Guangdong Transtek '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 Transtek'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 Transtek.
0.00
01/20/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/09/2025
0.00
If you would invest 0.00 in Guangdong Transtek on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Guangdong Transtek Medical or generate 0.0% return on investment in Guangdong Transtek over 720 days. Guangdong Transtek is related to or competes with Western Metal, China Building, Jiangnan Mould, Ningxia Building, Songz Automobile, Guangzhou Tinci, and Jilin OLED. Guangdong Transtek is entity of China. It is traded as Stock on SHE exchange. More
Guangdong Transtek 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 Transtek'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 Transtek Medical 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 Guangdong Transtek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Transtek's standard deviation. In reality, there are many statistical measures that can use Guangdong Transtek historical prices to predict the future Guangdong Transtek's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guangdong Transtek. Your research has to be compared to or analyzed against Guangdong Transtek's peers to derive any actionable benefits. When done correctly, Guangdong Transtek'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 Guangdong Transtek.
Guangdong Transtek Backtested Returns
At this point, Guangdong Transtek is somewhat reliable. Guangdong Transtek holds Efficiency (Sharpe) Ratio of 0.0231, which attests that the entity had a 0.0231% return per unit of standard deviation over the last 3 months. We have found twenty-three technical indicators for Guangdong Transtek, which you can use to evaluate the volatility of the firm. Please check out Guangdong Transtek's risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 1.85 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Guangdong Transtek has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Transtek are expected to decrease at a much lower rate. During the bear market, Guangdong Transtek is likely to outperform the market. Guangdong Transtek right now retains a risk of 4.79%. Please check out Guangdong Transtek coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Guangdong Transtek will be following its current trending patterns.
Auto-correlation
0.68
Good predictability
Guangdong Transtek Medical has good predictability. Overlapping area represents the amount of predictability between Guangdong Transtek time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 Guangdong Transtek price movement. The serial correlation of 0.68 indicates that around 68.0% of current Guangdong Transtek price fluctuation can be explain by its past prices.
Correlation Coefficient
0.68
Spearman Rank Test
0.39
Residual Average
0.0
Price Variance
6.85
Guangdong Transtek lagged returns against current returns
Autocorrelation, which is Guangdong Transtek 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 Transtek's stock expected returns. We can calculate the autocorrelation of Guangdong Transtek returns to help us make a trade decision. For example, suppose you find that Guangdong Transtek 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 Transtek 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 Transtek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Transtek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Transtek stock over time.
Current vs Lagged Prices
Timeline
Guangdong Transtek Lagged Returns
When evaluating Guangdong Transtek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Transtek stock have on its future price. Guangdong Transtek 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 Transtek autocorrelation shows the relationship between Guangdong Transtek stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Transtek Medical.
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.
Guangdong Transtek 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 Transtek security.