Guangdong Cellwise (China) Market Value
| 688325 Stock | 53.71 2.10 4.07% |
| Symbol | Guangdong |
Guangdong Cellwise '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 Cellwise'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 Cellwise.
| 11/27/2023 |
| 12/21/2024 |
If you would invest 0.00 in Guangdong Cellwise on November 27, 2023 and sell it all today you would earn a total of 0.00 from holding Guangdong Cellwise Microelectronics or generate 0.0% return on investment in Guangdong Cellwise over 390 days. Guangdong Cellwise is related to or competes with Nanjing Putian, Tianjin Realty, Kangyue Technology, Shenzhen Hifuture, Shenzhen Changfang, Jiangsu Xinning, and Hubei Geoway. Guangdong Cellwise is entity of China. It is traded as Stock on SHG exchange. More
Guangdong Cellwise 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 Cellwise'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 Cellwise Microelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.1635 | |||
| Maximum Drawdown | 27.85 | |||
| Value At Risk | (6.33) | |||
| Potential Upside | 10.74 |
Guangdong Cellwise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guangdong Cellwise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guangdong Cellwise's standard deviation. In reality, there are many statistical measures that can use Guangdong Cellwise historical prices to predict the future Guangdong Cellwise's volatility.| Risk Adjusted Performance | 0.1428 | |||
| Jensen Alpha | 0.9051 | |||
| Total Risk Alpha | 0.7546 | |||
| Sortino Ratio | 0.2404 | |||
| Treynor Ratio | 22.59 |
Guangdong Cellwise Backtested Returns
Guangdong Cellwise is not too volatile given 3 months investment horizon. Guangdong Cellwise holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.13% are justified by taking the suggested risk. Use Guangdong Cellwise Microelectronics market risk adjusted performance of 22.6, and Risk Adjusted Performance of 0.1428 to evaluate company specific risk that cannot be diversified away. Guangdong Cellwise holds a performance score of 15 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0401, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guangdong Cellwise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guangdong Cellwise is expected to be smaller as well. Use Guangdong Cellwise Microelectronics mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Guangdong Cellwise Microelectronics.
Auto-correlation | -0.34 |
Poor reverse predictability
Guangdong Cellwise Microelectronics has poor reverse predictability. Overlapping area represents the amount of predictability between Guangdong Cellwise time series from 27th of November 2023 to 9th of June 2024 and 9th of June 2024 to 21st 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 Guangdong Cellwise price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Guangdong Cellwise price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 72.7 |
Guangdong Cellwise lagged returns against current returns
Autocorrelation, which is Guangdong Cellwise 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 Cellwise's stock expected returns. We can calculate the autocorrelation of Guangdong Cellwise returns to help us make a trade decision. For example, suppose you find that Guangdong Cellwise 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 Cellwise 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 Cellwise stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guangdong Cellwise stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guangdong Cellwise stock over time.
Current vs Lagged Prices |
| Timeline |
Guangdong Cellwise Lagged Returns
When evaluating Guangdong Cellwise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guangdong Cellwise stock have on its future price. Guangdong Cellwise 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 Cellwise autocorrelation shows the relationship between Guangdong Cellwise stock current value and its past values and can show if there is a momentum factor associated with investing in Guangdong Cellwise Microelectronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guangdong Stock
Guangdong Cellwise 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 Cellwise security.