Guanghui Energy's market value is the price at which a share of Guanghui Energy trades on a public exchange. It measures the collective expectations of Guanghui Energy Co investors about its performance. Guanghui Energy is trading at 6.49 as of the 2nd of January 2025, a 3.57 percent decrease since the beginning of the trading day. The stock's open price was 6.73. With this module, you can estimate the performance of a buy and hold strategy of Guanghui Energy Co and determine expected loss or profit from investing in Guanghui Energy over a given investment horizon. Check out Guanghui Energy Correlation, Guanghui Energy Volatility and Guanghui Energy Alpha and Beta module to complement your research on Guanghui Energy.
Please note, there is a significant difference between Guanghui Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guanghui Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guanghui Energy'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.
Guanghui Energy '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 Guanghui Energy'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 Guanghui Energy.
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01/13/2023
No Change 0.00
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In 1 year 11 months and 22 days
01/02/2025
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If you would invest 0.00 in Guanghui Energy on January 13, 2023 and sell it all today you would earn a total of 0.00 from holding Guanghui Energy Co or generate 0.0% return on investment in Guanghui Energy over 720 days. Guanghui Energy is related to or competes with Zhejiang Kingland, Guangdong Jingyi, Keli Sensing, SAIC, Shenzhen Kaifa, and TCL Corp. Guanghui Energy is entity of China. It is traded as Stock on SHG exchange. More
Guanghui Energy 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 Guanghui Energy'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 Guanghui Energy Co 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 Guanghui Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guanghui Energy's standard deviation. In reality, there are many statistical measures that can use Guanghui Energy historical prices to predict the future Guanghui Energy's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Guanghui Energy. Your research has to be compared to or analyzed against Guanghui Energy's peers to derive any actionable benefits. When done correctly, Guanghui Energy'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 Guanghui Energy.
Guanghui Energy Backtested Returns
Guanghui Energy holds Efficiency (Sharpe) Ratio of -0.11, which attests that the entity had a -0.11% return per unit of standard deviation over the last 3 months. Guanghui Energy exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guanghui Energy's risk adjusted performance of 0.0601, and Market Risk Adjusted Performance of (4.28) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0332, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guanghui Energy are expected to decrease at a much lower rate. During the bear market, Guanghui Energy is likely to outperform the market. At this point, Guanghui Energy has a negative expected return of -0.2%. Please make sure to check out Guanghui Energy's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Guanghui Energy performance from the past will be repeated at some point in the near future.
Auto-correlation
0.37
Below average predictability
Guanghui Energy Co has below average predictability. Overlapping area represents the amount of predictability between Guanghui Energy time series from 13th of January 2023 to 8th of January 2024 and 8th of January 2024 to 2nd 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 Guanghui Energy price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Guanghui Energy price fluctuation can be explain by its past prices.
Correlation Coefficient
0.37
Spearman Rank Test
0.14
Residual Average
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Price Variance
0.61
Guanghui Energy lagged returns against current returns
Autocorrelation, which is Guanghui Energy 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 Guanghui Energy's stock expected returns. We can calculate the autocorrelation of Guanghui Energy returns to help us make a trade decision. For example, suppose you find that Guanghui Energy 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
Guanghui Energy 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 Guanghui Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guanghui Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guanghui Energy stock over time.
Current vs Lagged Prices
Timeline
Guanghui Energy Lagged Returns
When evaluating Guanghui Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guanghui Energy stock have on its future price. Guanghui Energy 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, Guanghui Energy autocorrelation shows the relationship between Guanghui Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Guanghui Energy Co.
Guanghui Energy financial ratios help investors to determine whether Guanghui 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 Guanghui with respect to the benefits of owning Guanghui Energy security.