Guangzhou Automobile (China) Market Value
| 601238 Stock | 8.65 0.03 0.35% |
| Symbol | Guangzhou |
Guangzhou Automobile '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 Guangzhou Automobile'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 Guangzhou Automobile.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Guangzhou Automobile on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Guangzhou Automobile Group or generate 0.0% return on investment in Guangzhou Automobile over 90 days. Guangzhou Automobile is related to or competes with Eyebright Medical, Sinofibers Technology, Jiujiang Shanshui, Kailong High, Sinocelltech, Jilin Jlu, and HUAQIN TECHNOLOGY. Guangzhou Automobile is entity of China. It is traded as Stock on SHG exchange. More
Guangzhou Automobile 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 Guangzhou Automobile'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 Guangzhou Automobile Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 8.46 | |||
| Value At Risk | (3.21) | |||
| Potential Upside | 2.21 |
Guangzhou Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangzhou Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangzhou Automobile's standard deviation. In reality, there are many statistical measures that can use Guangzhou Automobile historical prices to predict the future Guangzhou Automobile's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | 0.0311 | |||
| Treynor Ratio | (0.81) |
Guangzhou Automobile Backtested Returns
Guangzhou Automobile holds Efficiency (Sharpe) Ratio of -0.0711, which attests that the entity had a -0.0711 % return per unit of standard deviation over the last 3 months. Guangzhou Automobile exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Guangzhou Automobile's market risk adjusted performance of (0.80), and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guangzhou Automobile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangzhou Automobile is expected to be smaller as well. At this point, Guangzhou Automobile has a negative expected return of -0.13%. Please make sure to check out Guangzhou Automobile's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Guangzhou Automobile performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.44 |
Average predictability
Guangzhou Automobile Group has average predictability. Overlapping area represents the amount of predictability between Guangzhou Automobile time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 Guangzhou Automobile price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Guangzhou Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Guangzhou Automobile lagged returns against current returns
Autocorrelation, which is Guangzhou Automobile 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 Guangzhou Automobile's stock expected returns. We can calculate the autocorrelation of Guangzhou Automobile returns to help us make a trade decision. For example, suppose you find that Guangzhou Automobile 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 |
Guangzhou Automobile 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 Guangzhou Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangzhou Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangzhou Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
Guangzhou Automobile Lagged Returns
When evaluating Guangzhou Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangzhou Automobile stock have on its future price. Guangzhou Automobile 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, Guangzhou Automobile autocorrelation shows the relationship between Guangzhou Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Guangzhou Automobile Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guangzhou Stock
Guangzhou Automobile financial ratios help investors to determine whether Guangzhou 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 Guangzhou with respect to the benefits of owning Guangzhou Automobile security.