Guangdong Ellington (China) Market Value
| 603328 Stock | 10.72 0.21 2.00% |
| Symbol | Guangdong |
Guangdong Ellington '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 Guangdong Ellington'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 Guangdong Ellington.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Guangdong Ellington on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Guangdong Ellington Electronics or generate 0.0% return on investment in Guangdong Ellington over 90 days. Guangdong Ellington is related to or competes with Beijing Bewinner, Caihong Display, CICT Mobile, Anhui Gujing, Guangdong Shenglu, Shanghai Yaoji, and Shuhua Sports. Guangdong Ellington is entity of China. It is traded as Stock on SHG exchange. More
Guangdong Ellington 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 Guangdong Ellington'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 Guangdong Ellington Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | 0.1254 | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 5.67 |
Guangdong Ellington Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Ellington's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Ellington's standard deviation. In reality, there are many statistical measures that can use Guangdong Ellington historical prices to predict the future Guangdong Ellington's volatility.| Risk Adjusted Performance | 0.0778 | |||
| Jensen Alpha | 0.2259 | |||
| Total Risk Alpha | 0.6743 | |||
| Sortino Ratio | 0.1344 | |||
| Treynor Ratio | (3.30) |
Guangdong Ellington Backtested Returns
Guangdong Ellington appears to be somewhat reliable, given 3 months investment horizon. Guangdong Ellington holds Efficiency (Sharpe) Ratio of 0.074, which attests that the entity had a 0.074 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Guangdong Ellington, which you can use to evaluate the volatility of the firm. Please utilize Guangdong Ellington's market risk adjusted performance of (3.29), and Risk Adjusted Performance of 0.0778 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guangdong Ellington holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.0712, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guangdong Ellington are expected to decrease at a much lower rate. During the bear market, Guangdong Ellington is likely to outperform the market. Please check Guangdong Ellington'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 Guangdong Ellington's current trending patterns will revert.
Auto-correlation | -0.28 |
Weak reverse predictability
Guangdong Ellington Electronics has weak reverse predictability. Overlapping area represents the amount of predictability between Guangdong Ellington time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th 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 Guangdong Ellington price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Guangdong Ellington price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Guangdong Ellington lagged returns against current returns
Autocorrelation, which is Guangdong Ellington 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 Guangdong Ellington's stock expected returns. We can calculate the autocorrelation of Guangdong Ellington returns to help us make a trade decision. For example, suppose you find that Guangdong Ellington 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 |
Guangdong Ellington 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 Guangdong Ellington stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Ellington stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Ellington stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Ellington Lagged Returns
When evaluating Guangdong Ellington's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Ellington stock have on its future price. Guangdong Ellington 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, Guangdong Ellington autocorrelation shows the relationship between Guangdong Ellington stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Ellington Electronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guangdong Stock
Guangdong Ellington financial ratios help investors to determine whether Guangdong 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 Guangdong with respect to the benefits of owning Guangdong Ellington security.