Guizhou BroadcastingTV (China) Market Value
| 600996 Stock | 10.29 0.13 1.28% |
| Symbol | Guizhou |
Guizhou BroadcastingTV '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 Guizhou BroadcastingTV'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 Guizhou BroadcastingTV.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Guizhou BroadcastingTV on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Guizhou BroadcastingTV Info or generate 0.0% return on investment in Guizhou BroadcastingTV over 90 days. Guizhou BroadcastingTV is related to or competes with Linkage Software, Hefei Metalforming, Sino Platinum, Fujian Boss, Thunder Software, Glodon Software, and Shanghai Yanpu. Guizhou BroadcastingTV is entity of China More
Guizhou BroadcastingTV 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 Guizhou BroadcastingTV'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 Guizhou BroadcastingTV Info upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.0 | |||
| Information Ratio | 0.0783 | |||
| Maximum Drawdown | 15.85 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 8.7 |
Guizhou BroadcastingTV Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guizhou BroadcastingTV's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guizhou BroadcastingTV's standard deviation. In reality, there are many statistical measures that can use Guizhou BroadcastingTV historical prices to predict the future Guizhou BroadcastingTV's volatility.| Risk Adjusted Performance | 0.0511 | |||
| Jensen Alpha | 0.195 | |||
| Total Risk Alpha | 0.6057 | |||
| Sortino Ratio | 0.0916 | |||
| Treynor Ratio | 0.6195 |
Guizhou BroadcastingTV Backtested Returns
At this point, Guizhou BroadcastingTV is somewhat reliable. Guizhou BroadcastingTV holds Efficiency (Sharpe) Ratio of 0.0533, which attests that the entity had a 0.0533 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Guizhou BroadcastingTV, which you can use to evaluate the volatility of the firm. Please check out Guizhou BroadcastingTV's Market Risk Adjusted Performance of 0.6295, risk adjusted performance of 0.0511, and Downside Deviation of 3.0 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Guizhou BroadcastingTV has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guizhou BroadcastingTV's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guizhou BroadcastingTV is expected to be smaller as well. Guizhou BroadcastingTV right now retains a risk of 3.56%. Please check out Guizhou BroadcastingTV downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Guizhou BroadcastingTV will be following its current trending patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Guizhou BroadcastingTV Info has very good reverse predictability. Overlapping area represents the amount of predictability between Guizhou BroadcastingTV time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Guizhou BroadcastingTV price movement. The serial correlation of -0.67 indicates that around 67.0% of current Guizhou BroadcastingTV price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Guizhou BroadcastingTV lagged returns against current returns
Autocorrelation, which is Guizhou BroadcastingTV 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 Guizhou BroadcastingTV's stock expected returns. We can calculate the autocorrelation of Guizhou BroadcastingTV returns to help us make a trade decision. For example, suppose you find that Guizhou BroadcastingTV 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 |
Guizhou BroadcastingTV 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 Guizhou BroadcastingTV stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guizhou BroadcastingTV stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guizhou BroadcastingTV stock over time.
Current vs Lagged Prices |
| Timeline |
Guizhou BroadcastingTV Lagged Returns
When evaluating Guizhou BroadcastingTV's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guizhou BroadcastingTV stock have on its future price. Guizhou BroadcastingTV 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, Guizhou BroadcastingTV autocorrelation shows the relationship between Guizhou BroadcastingTV stock current value and its past values and can show if there is a momentum factor associated with investing in Guizhou BroadcastingTV Info.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guizhou Stock
Guizhou BroadcastingTV financial ratios help investors to determine whether Guizhou 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 Guizhou with respect to the benefits of owning Guizhou BroadcastingTV security.