Gansu Mogao's market value is the price at which a share of Gansu Mogao trades on a public exchange. It measures the collective expectations of Gansu Mogao Industrial investors about its performance. Gansu Mogao is trading at 4.47 as of the 8th of January 2025, a 3.95 percent increase since the beginning of the trading day. The stock's open price was 4.3. With this module, you can estimate the performance of a buy and hold strategy of Gansu Mogao Industrial and determine expected loss or profit from investing in Gansu Mogao over a given investment horizon. Check out Gansu Mogao Correlation, Gansu Mogao Volatility and Gansu Mogao Alpha and Beta module to complement your research on Gansu Mogao.
Please note, there is a significant difference between Gansu Mogao's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gansu Mogao is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gansu Mogao'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.
Gansu Mogao '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 Mogao'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 Mogao.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Gansu Mogao'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 Mogao Industrial 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 Gansu Mogao's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gansu Mogao's standard deviation. In reality, there are many statistical measures that can use Gansu Mogao historical prices to predict the future Gansu Mogao's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Gansu Mogao. Your research has to be compared to or analyzed against Gansu Mogao's peers to derive any actionable benefits. When done correctly, Gansu Mogao'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 Gansu Mogao Industrial.
Gansu Mogao Industrial Backtested Returns
Gansu Mogao Industrial holds Efficiency (Sharpe) Ratio of -0.0831, which attests that the entity had a -0.0831% return per unit of risk over the last 3 months. Gansu Mogao Industrial exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gansu Mogao's Standard Deviation of 4.26, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (0.53) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.68, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gansu Mogao's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gansu Mogao is expected to be smaller as well. At this point, Gansu Mogao Industrial has a negative expected return of -0.35%. Please make sure to check out Gansu Mogao's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Gansu Mogao Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation
0.04
Virtually no predictability
Gansu Mogao Industrial has virtually no predictability. Overlapping area represents the amount of predictability between Gansu Mogao time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th 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 Gansu Mogao Industrial price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Gansu Mogao price fluctuation can be explain by its past prices.
Correlation Coefficient
0.04
Spearman Rank Test
0.12
Residual Average
0.0
Price Variance
0.75
Gansu Mogao Industrial lagged returns against current returns
Autocorrelation, which is Gansu Mogao 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 Mogao's stock expected returns. We can calculate the autocorrelation of Gansu Mogao returns to help us make a trade decision. For example, suppose you find that Gansu Mogao 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 Mogao 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 Mogao stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gansu Mogao stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gansu Mogao stock over time.
Current vs Lagged Prices
Timeline
Gansu Mogao Lagged Returns
When evaluating Gansu Mogao's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gansu Mogao stock have on its future price. Gansu Mogao 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 Mogao autocorrelation shows the relationship between Gansu Mogao stock current value and its past values and can show if there is a momentum factor associated with investing in Gansu Mogao Industrial.
Gansu Mogao 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 Mogao security.