Grandblue Environment (China) Market Value
| 600323 Stock | 22.65 0.46 1.99% |
| Symbol | Grandblue |
Grandblue Environment '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 Grandblue Environment'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 Grandblue Environment.
| 10/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Grandblue Environment on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Grandblue Environment Co or generate 0.0% return on investment in Grandblue Environment over 60 days. Grandblue Environment is related to or competes with Biwin Storage, PetroChina, Industrial, China Construction, China Petroleum, Agricultural Bank, and Bank of China. Grandblue Environment is entity of China More
Grandblue Environment 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 Grandblue Environment'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 Grandblue Environment Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.1106 | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 3.79 |
Grandblue Environment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grandblue Environment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grandblue Environment's standard deviation. In reality, there are many statistical measures that can use Grandblue Environment historical prices to predict the future Grandblue Environment's volatility.| Risk Adjusted Performance | 0.1072 | |||
| Jensen Alpha | 0.2235 | |||
| Total Risk Alpha | 0.1737 | |||
| Sortino Ratio | 0.1384 | |||
| Treynor Ratio | 3.29 |
Grandblue Environment Backtested Returns
Grandblue Environment appears to be very steady, given 3 months investment horizon. Grandblue Environment holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Grandblue Environment, which you can use to evaluate the volatility of the firm. Please utilize Grandblue Environment's market risk adjusted performance of 3.3, and Risk Adjusted Performance of 0.1072 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grandblue Environment holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.0684, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grandblue Environment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grandblue Environment is expected to be smaller as well. Please check Grandblue Environment's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Grandblue Environment's current trending patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Grandblue Environment Co has good reverse predictability. Overlapping area represents the amount of predictability between Grandblue Environment time series from 22nd of October 2024 to 21st of November 2024 and 21st of November 2024 to 21st 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 Grandblue Environment price movement. The serial correlation of -0.54 indicates that about 54.0% of current Grandblue Environment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Grandblue Environment lagged returns against current returns
Autocorrelation, which is Grandblue Environment 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 Grandblue Environment's stock expected returns. We can calculate the autocorrelation of Grandblue Environment returns to help us make a trade decision. For example, suppose you find that Grandblue Environment 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 |
Grandblue Environment 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 Grandblue Environment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grandblue Environment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grandblue Environment stock over time.
Current vs Lagged Prices |
| Timeline |
Grandblue Environment Lagged Returns
When evaluating Grandblue Environment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grandblue Environment stock have on its future price. Grandblue Environment 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, Grandblue Environment autocorrelation shows the relationship between Grandblue Environment stock current value and its past values and can show if there is a momentum factor associated with investing in Grandblue Environment Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Grandblue Stock
Grandblue Environment financial ratios help investors to determine whether Grandblue 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 Grandblue with respect to the benefits of owning Grandblue Environment security.