GANGLONG CHINA's market value is the price at which a share of GANGLONG CHINA trades on a public exchange. It measures the collective expectations of GANGLONG CHINA PRGRLTD investors about its performance. GANGLONG CHINA is trading at 0.008 as of the 10th of January 2025. This is a 5.88 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.008. With this module, you can estimate the performance of a buy and hold strategy of GANGLONG CHINA PRGRLTD and determine expected loss or profit from investing in GANGLONG CHINA over a given investment horizon. Check out GANGLONG CHINA Correlation, GANGLONG CHINA Volatility and GANGLONG CHINA Alpha and Beta module to complement your research on GANGLONG CHINA.
Please note, there is a significant difference between GANGLONG CHINA's value and its price as these two are different measures arrived at by different means. Investors typically determine if GANGLONG CHINA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GANGLONG CHINA'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.
GANGLONG CHINA '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 GANGLONG CHINA'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 GANGLONG CHINA.
0.00
12/11/2024
No Change 0.00
0.0
In 31 days
01/10/2025
0.00
If you would invest 0.00 in GANGLONG CHINA on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding GANGLONG CHINA PRGRLTD or generate 0.0% return on investment in GANGLONG CHINA over 30 days. GANGLONG CHINA is related to or competes with Fast Retailing, Carsales, Harmony Gold, Salesforce, and Zijin Mining. Ganglong China Property Group Limited, an investment holding company, engages in the development of real estate projects... More
GANGLONG CHINA 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 GANGLONG CHINA'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 GANGLONG CHINA PRGRLTD 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 GANGLONG CHINA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GANGLONG CHINA's standard deviation. In reality, there are many statistical measures that can use GANGLONG CHINA historical prices to predict the future GANGLONG CHINA's volatility.
GANGLONG CHINA is out of control given 3 months investment horizon. GANGLONG CHINA PRGRLTD holds Efficiency (Sharpe) Ratio of 0.064, which attests that the company had a 0.064% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.77% are justified by taking the suggested risk. Use GANGLONG CHINA PRGRLTD downside deviation of 19.99, and Semi Deviation of 16.29 to evaluate company specific risk that cannot be diversified away. GANGLONG CHINA holds a performance score of 5 on a scale of zero to a hundred. The firm retains a Market Volatility (i.e., Beta) of -4.33, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GANGLONG CHINA are expected to decrease by larger amounts. On the other hand, during market turmoil, GANGLONG CHINA is expected to outperform it. Use GANGLONG CHINA PRGRLTD information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on GANGLONG CHINA PRGRLTD.
Auto-correlation
-0.56
Good reverse predictability
GANGLONG CHINA PRGRLTD has good reverse predictability. Overlapping area represents the amount of predictability between GANGLONG CHINA time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 GANGLONG CHINA PRGRLTD price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current GANGLONG CHINA price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.56
Spearman Rank Test
-0.52
Residual Average
0.0
Price Variance
0.0
GANGLONG CHINA PRGRLTD lagged returns against current returns
Autocorrelation, which is GANGLONG CHINA 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 GANGLONG CHINA's stock expected returns. We can calculate the autocorrelation of GANGLONG CHINA returns to help us make a trade decision. For example, suppose you find that GANGLONG CHINA 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
GANGLONG CHINA 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 GANGLONG CHINA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GANGLONG CHINA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GANGLONG CHINA stock over time.
Current vs Lagged Prices
Timeline
GANGLONG CHINA Lagged Returns
When evaluating GANGLONG CHINA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GANGLONG CHINA stock have on its future price. GANGLONG CHINA 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, GANGLONG CHINA autocorrelation shows the relationship between GANGLONG CHINA stock current value and its past values and can show if there is a momentum factor associated with investing in GANGLONG CHINA PRGRLTD.
GANGLONG CHINA financial ratios help investors to determine whether GANGLONG 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 GANGLONG with respect to the benefits of owning GANGLONG CHINA security.