Goodwill E (China) Market Value
| 688246 Stock | 26.12 0.43 1.67% |
| Symbol | Goodwill |
Goodwill E '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 Goodwill E'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 Goodwill E.
| 01/09/2023 |
| 12/29/2024 |
If you would invest 0.00 in Goodwill E on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Goodwill E Health or generate 0.0% return on investment in Goodwill E over 720 days. Goodwill E is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Goodwill E is entity of China. It is traded as Stock on SHG exchange. More
Goodwill E 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 Goodwill E'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 Goodwill E Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.25 | |||
| Information Ratio | 0.1595 | |||
| Maximum Drawdown | 25.79 | |||
| Value At Risk | (7.00) | |||
| Potential Upside | 13.57 |
Goodwill E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goodwill E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goodwill E's standard deviation. In reality, there are many statistical measures that can use Goodwill E historical prices to predict the future Goodwill E's volatility.| Risk Adjusted Performance | 0.1405 | |||
| Jensen Alpha | 0.8633 | |||
| Total Risk Alpha | 0.715 | |||
| Sortino Ratio | 0.1975 | |||
| Treynor Ratio | (10.65) |
Goodwill E Health Backtested Returns
Goodwill E appears to be not too volatile, given 3 months investment horizon. Goodwill E Health holds Efficiency (Sharpe) Ratio of 0.0811, which attests that the entity had a 0.0811% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Goodwill E Health, which you can use to evaluate the volatility of the firm. Please utilize Goodwill E's Market Risk Adjusted Performance of (10.64), downside deviation of 4.25, and Risk Adjusted Performance of 0.1405 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Goodwill E holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -0.0809, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Goodwill E are expected to decrease at a much lower rate. During the bear market, Goodwill E is likely to outperform the market. Please check Goodwill E's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Goodwill E's current trending patterns will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Goodwill E Health has insignificant predictability. Overlapping area represents the amount of predictability between Goodwill E time series from 9th of January 2023 to 4th of January 2024 and 4th of January 2024 to 29th 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 Goodwill E Health price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Goodwill E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 20.24 |
Goodwill E Health lagged returns against current returns
Autocorrelation, which is Goodwill E 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 Goodwill E's stock expected returns. We can calculate the autocorrelation of Goodwill E returns to help us make a trade decision. For example, suppose you find that Goodwill E 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 |
Goodwill E 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 Goodwill E stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goodwill E stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goodwill E stock over time.
Current vs Lagged Prices |
| Timeline |
Goodwill E Lagged Returns
When evaluating Goodwill E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goodwill E stock have on its future price. Goodwill E 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, Goodwill E autocorrelation shows the relationship between Goodwill E stock current value and its past values and can show if there is a momentum factor associated with investing in Goodwill E Health.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Goodwill Stock
Goodwill E financial ratios help investors to determine whether Goodwill 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 Goodwill with respect to the benefits of owning Goodwill E security.