Guobo Electronics (China) Market Value
| 688375 Stock | 48.24 0.75 1.58% |
| Symbol | Guobo |
Guobo Electronics '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 Guobo Electronics' 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 Guobo Electronics.
| 11/20/2024 |
| 12/20/2024 |
If you would invest 0.00 in Guobo Electronics on November 20, 2024 and sell it all today you would earn a total of 0.00 from holding Guobo Electronics Co or generate 0.0% return on investment in Guobo Electronics over 30 days. Guobo Electronics is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Guobo Electronics is entity of China. It is traded as Stock on SHG exchange. More
Guobo Electronics 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 Guobo Electronics' 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 Guobo Electronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.1195 | |||
| Maximum Drawdown | 29.57 | |||
| Value At Risk | (6.01) | |||
| Potential Upside | 9.11 |
Guobo Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guobo Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guobo Electronics' standard deviation. In reality, there are many statistical measures that can use Guobo Electronics historical prices to predict the future Guobo Electronics' volatility.| Risk Adjusted Performance | 0.1086 | |||
| Jensen Alpha | 0.623 | |||
| Total Risk Alpha | 0.4766 | |||
| Sortino Ratio | 0.1636 | |||
| Treynor Ratio | 7.11 |
Guobo Electronics Backtested Returns
Guobo Electronics appears to be not too volatile, given 3 months investment horizon. Guobo Electronics holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. By evaluating Guobo Electronics' technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please utilize Guobo Electronics' Downside Deviation of 3.68, market risk adjusted performance of 7.12, and Risk Adjusted Performance of 0.1086 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Guobo Electronics holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.0879, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guobo Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Guobo Electronics is expected to be smaller as well. Please check Guobo Electronics' 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 Guobo Electronics' current trending patterns will revert.
Auto-correlation | -0.05 |
Very weak reverse predictability
Guobo Electronics Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Guobo Electronics time series from 20th of November 2024 to 5th of December 2024 and 5th of December 2024 to 20th 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 Guobo Electronics price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Guobo Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.85 |
Guobo Electronics lagged returns against current returns
Autocorrelation, which is Guobo Electronics 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 Guobo Electronics' stock expected returns. We can calculate the autocorrelation of Guobo Electronics returns to help us make a trade decision. For example, suppose you find that Guobo Electronics 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 |
Guobo Electronics 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 Guobo Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guobo Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guobo Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
Guobo Electronics Lagged Returns
When evaluating Guobo Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guobo Electronics stock have on its future price. Guobo Electronics 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, Guobo Electronics autocorrelation shows the relationship between Guobo Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in Guobo Electronics Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Guobo Stock
Guobo Electronics financial ratios help investors to determine whether Guobo 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 Guobo with respect to the benefits of owning Guobo Electronics security.