Guangdong Taienkang's market value is the price at which a share of Guangdong Taienkang trades on a public exchange. It measures the collective expectations of Guangdong Taienkang Pharmaceutical investors about its performance. Guangdong Taienkang is trading at 14.97 as of the 4th of January 2025, a 3.31 percent increase since the beginning of the trading day. The stock's open price was 14.49. With this module, you can estimate the performance of a buy and hold strategy of Guangdong Taienkang Pharmaceutical and determine expected loss or profit from investing in Guangdong Taienkang over a given investment horizon. Check out Guangdong Taienkang Correlation, Guangdong Taienkang Volatility and Guangdong Taienkang Alpha and Beta module to complement your research on Guangdong Taienkang.
Please note, there is a significant difference between Guangdong Taienkang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guangdong Taienkang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guangdong Taienkang'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 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.
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11/05/2024
No Change 0.00
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Guangdong Taienkang on November 5, 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 60 days. Guangdong Taienkang is related to or competes with Jiangyin Jianghua, Guangdong Ellington, Soyea Technology, Weihai Honglin, Sharetronic Data, Holitech Technology, and Anhui Shiny. Guangdong Taienkang is entity of China. It is traded as Stock on SHE exchange. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guangdong Taienkang. Your research has to be compared to or analyzed against Guangdong Taienkang's peers to derive any actionable benefits. When done correctly, Guangdong Taienkang'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 Taienkang.
Guangdong Taienkang Backtested Returns
Guangdong Taienkang holds Efficiency (Sharpe) Ratio of -0.0191, which attests that the entity had a -0.0191% return per unit of standard deviation over the last 3 months. Guangdong Taienkang exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guangdong Taienkang's market risk adjusted performance of (0.63), and Risk Adjusted Performance of 0.0869 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Guangdong Taienkang are expected to decrease at a much lower rate. During the bear market, Guangdong Taienkang is likely to outperform the market. At this point, Guangdong Taienkang has a negative expected return of -0.0499%. Please make sure to check out Guangdong Taienkang's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Guangdong Taienkang performance from the past will be repeated at some point in the near future.
Auto-correlation
0.15
Insignificant predictability
Guangdong Taienkang Pharmaceutical has insignificant predictability. Overlapping area represents the amount of predictability between Guangdong Taienkang time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Taienkang price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Guangdong Taienkang price fluctuation can be explain by its past prices.
Correlation Coefficient
0.15
Spearman Rank Test
-0.1
Residual Average
0.0
Price Variance
0.08
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
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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
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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 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.