Guangdong Taienkang (China) Market Value
| 301263 Stock | 19.95 0.96 4.59% |
| Symbol | Guangdong |
Guangdong Taienkang '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 Taienkang'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 Taienkang.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Guangdong Taienkang on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Taienkang Pharmaceutical or generate 0.0% return on investment in Guangdong Taienkang over 90 days. Guangdong Taienkang is related to or competes with Do-Fluoride Chemicals, Dymatic Chemicals, Ningxia Younglight, Bus Online, North Copper, Aba Chemicals, and Zhejiang Yongjin. More
Guangdong Taienkang 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 Taienkang'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 Taienkang Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | 0.2441 | |||
| Maximum Drawdown | 12.58 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 5.29 |
Guangdong Taienkang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Taienkang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Taienkang's standard deviation. In reality, there are many statistical measures that can use Guangdong Taienkang historical prices to predict the future Guangdong Taienkang's volatility.| Risk Adjusted Performance | 0.1693 | |||
| Jensen Alpha | 0.5579 | |||
| Total Risk Alpha | 0.8302 | |||
| Sortino Ratio | 0.2617 | |||
| Treynor Ratio | 0.6138 |
Guangdong Taienkang Backtested Returns
Guangdong Taienkang appears to be not too volatile, given 3 months investment horizon. Guangdong Taienkang holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2 % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Guangdong Taienkang, which you can use to evaluate the volatility of the firm. Please utilize Guangdong Taienkang's risk adjusted performance of 0.1693, and Market Risk Adjusted Performance of 0.6238 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Taienkang holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guangdong Taienkang's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong Taienkang is expected to be smaller as well. Please check Guangdong Taienkang's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Guangdong Taienkang's current trending patterns will revert.
Auto-correlation | 0.41 |
Average predictability
Guangdong Taienkang Pharmaceutical has average predictability. Overlapping area represents the amount of predictability between Guangdong Taienkang time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 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 Taienkang price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Guangdong Taienkang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.68 |
Guangdong Taienkang lagged returns against current returns
Autocorrelation, which is Guangdong Taienkang 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 Taienkang's stock expected returns. We can calculate the autocorrelation of Guangdong Taienkang returns to help us make a trade decision. For example, suppose you find that Guangdong Taienkang 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 Taienkang 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 Taienkang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Taienkang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Taienkang stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Taienkang Lagged Returns
When evaluating Guangdong Taienkang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Taienkang stock have on its future price. Guangdong Taienkang 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 Taienkang autocorrelation shows the relationship between Guangdong Taienkang stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Taienkang Pharmaceutical.
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 Taienkang 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 Taienkang security.