Gansu Jiu (China) Market Value
| 600307 Stock | 1.66 0.01 0.61% |
| Symbol | Gansu |
Gansu Jiu '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 Gansu Jiu'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 Gansu Jiu.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Gansu Jiu on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Gansu Jiu Steel or generate 0.0% return on investment in Gansu Jiu over 720 days. Gansu Jiu is related to or competes with Western Metal, Chengtun Mining, Uroica Mining, Beijing HuaYuanYiTong, Guocheng Mining, Tibet Huayu, and Zhengzhou Coal. Gansu Jiu is entity of China. It is traded as Stock on SHG exchange. More
Gansu Jiu 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 Gansu Jiu'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 Gansu Jiu Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.52 | |||
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (3.55) | |||
| Potential Upside | 9.56 |
Gansu Jiu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gansu Jiu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gansu Jiu's standard deviation. In reality, there are many statistical measures that can use Gansu Jiu historical prices to predict the future Gansu Jiu's volatility.| Risk Adjusted Performance | 0.1299 | |||
| Jensen Alpha | 0.7057 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1314 | |||
| Treynor Ratio | (0.65) |
Gansu Jiu Steel Backtested Returns
Gansu Jiu appears to be dangerous, given 3 months investment horizon. Gansu Jiu Steel holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Gansu Jiu's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please utilize Gansu Jiu's Risk Adjusted Performance of 0.1299, market risk adjusted performance of (0.64), and Downside Deviation of 3.52 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gansu Jiu holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of -0.91, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Gansu Jiu are expected to decrease slowly. On the other hand, during market turmoil, Gansu Jiu is expected to outperform it slightly. Please check Gansu Jiu's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Gansu Jiu's current trending patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Gansu Jiu Steel has very weak reverse predictability. Overlapping area represents the amount of predictability between Gansu Jiu time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Gansu Jiu Steel price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Gansu Jiu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Gansu Jiu Steel lagged returns against current returns
Autocorrelation, which is Gansu Jiu 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 Gansu Jiu's stock expected returns. We can calculate the autocorrelation of Gansu Jiu returns to help us make a trade decision. For example, suppose you find that Gansu Jiu 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 |
Gansu Jiu 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 Gansu Jiu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gansu Jiu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gansu Jiu stock over time.
Current vs Lagged Prices |
| Timeline |
Gansu Jiu Lagged Returns
When evaluating Gansu Jiu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gansu Jiu stock have on its future price. Gansu Jiu 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, Gansu Jiu autocorrelation shows the relationship between Gansu Jiu stock current value and its past values and can show if there is a momentum factor associated with investing in Gansu Jiu Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gansu Stock
Gansu Jiu financial ratios help investors to determine whether Gansu 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 Gansu with respect to the benefits of owning Gansu Jiu security.