China Galaxy (China) Market Value
| 601881 Stock | 15.80 0.03 0.19% |
| Symbol | China |
China Galaxy '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 China Galaxy'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 China Galaxy.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in China Galaxy on November 26, 2024 and sell it all today you would earn a total of 0.00 from holding China Galaxy Securities or generate 0.0% return on investment in China Galaxy over 30 days. China Galaxy is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, BYD Co, Beijing Roborock, Anhui Gujing, and Anhui Gujing. China Galaxy is entity of China. It is traded as Stock on SHG exchange. More
China Galaxy 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 China Galaxy'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 China Galaxy Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.12 | |||
| Information Ratio | 0.1555 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 6.64 |
China Galaxy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Galaxy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Galaxy's standard deviation. In reality, there are many statistical measures that can use China Galaxy historical prices to predict the future China Galaxy's volatility.| Risk Adjusted Performance | 0.1423 | |||
| Jensen Alpha | 0.5751 | |||
| Total Risk Alpha | 0.422 | |||
| Sortino Ratio | 0.1723 | |||
| Treynor Ratio | (6.83) |
China Galaxy Securities Backtested Returns
China Galaxy appears to be somewhat reliable, given 3 months investment horizon. China Galaxy Securities secures Sharpe Ratio (or Efficiency) of 0.0776, which signifies that the company had a 0.0776% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for China Galaxy Securities, which you can use to evaluate the volatility of the firm. Please makes use of China Galaxy's Mean Deviation of 2.35, downside deviation of 3.12, and Risk Adjusted Performance of 0.1423 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Galaxy holds a performance score of 6. The firm shows a Beta (market volatility) of -0.0838, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Galaxy are expected to decrease at a much lower rate. During the bear market, China Galaxy is likely to outperform the market. Please check China Galaxy'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 China Galaxy's price patterns will revert.
Auto-correlation | -0.37 |
Poor reverse predictability
China Galaxy Securities has poor reverse predictability. Overlapping area represents the amount of predictability between China Galaxy time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 China Galaxy Securities price movement. The serial correlation of -0.37 indicates that just about 37.0% of current China Galaxy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
China Galaxy Securities lagged returns against current returns
Autocorrelation, which is China Galaxy 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 China Galaxy's stock expected returns. We can calculate the autocorrelation of China Galaxy returns to help us make a trade decision. For example, suppose you find that China Galaxy 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 |
China Galaxy 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 China Galaxy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Galaxy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Galaxy stock over time.
Current vs Lagged Prices |
| Timeline |
China Galaxy Lagged Returns
When evaluating China Galaxy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Galaxy stock have on its future price. China Galaxy 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, China Galaxy autocorrelation shows the relationship between China Galaxy stock current value and its past values and can show if there is a momentum factor associated with investing in China Galaxy Securities.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Galaxy financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Galaxy security.