GRINM Semiconductor (China) Market Value
| 688432 Stock | 12.63 0.35 2.85% |
| Symbol | GRINM |
GRINM Semiconductor '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 GRINM Semiconductor'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 GRINM Semiconductor.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in GRINM Semiconductor on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding GRINM Semiconductor Materials or generate 0.0% return on investment in GRINM Semiconductor over 30 days. GRINM Semiconductor is related to or competes with Cultural Investment, Gome Telecom, Bus Online, Holitech Technology, and Zotye Automobile. GRINM Semiconductor is entity of China. It is traded as Stock on SHG exchange. More
GRINM Semiconductor 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 GRINM Semiconductor'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 GRINM Semiconductor Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.28 | |||
| Information Ratio | 0.1051 | |||
| Maximum Drawdown | 29.06 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 7.48 |
GRINM Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GRINM Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GRINM Semiconductor's standard deviation. In reality, there are many statistical measures that can use GRINM Semiconductor historical prices to predict the future GRINM Semiconductor's volatility.| Risk Adjusted Performance | 0.1098 | |||
| Jensen Alpha | 0.5949 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1432 | |||
| Treynor Ratio | (6.46) |
GRINM Semiconductor Backtested Returns
GRINM Semiconductor appears to be slightly risky, given 3 months investment horizon. GRINM Semiconductor holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By analyzing GRINM Semiconductor's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize GRINM Semiconductor's Semi Deviation of 2.6, market risk adjusted performance of (6.45), and Risk Adjusted Performance of 0.1098 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GRINM Semiconductor holds a performance score of 11. The company retains a Market Volatility (i.e., Beta) of -0.0905, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GRINM Semiconductor are expected to decrease at a much lower rate. During the bear market, GRINM Semiconductor is likely to outperform the market. Please check GRINM Semiconductor'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 GRINM Semiconductor's current trending patterns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
GRINM Semiconductor Materials has almost perfect reverse predictability. Overlapping area represents the amount of predictability between GRINM Semiconductor time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 GRINM Semiconductor price movement. The serial correlation of -0.71 indicates that around 71.0% of current GRINM Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
GRINM Semiconductor lagged returns against current returns
Autocorrelation, which is GRINM Semiconductor 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 GRINM Semiconductor's stock expected returns. We can calculate the autocorrelation of GRINM Semiconductor returns to help us make a trade decision. For example, suppose you find that GRINM Semiconductor 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 |
GRINM Semiconductor 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 GRINM Semiconductor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GRINM Semiconductor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GRINM Semiconductor stock over time.
Current vs Lagged Prices |
| Timeline |
GRINM Semiconductor Lagged Returns
When evaluating GRINM Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GRINM Semiconductor stock have on its future price. GRINM Semiconductor 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, GRINM Semiconductor autocorrelation shows the relationship between GRINM Semiconductor stock current value and its past values and can show if there is a momentum factor associated with investing in GRINM Semiconductor Materials.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GRINM Stock
GRINM Semiconductor financial ratios help investors to determine whether GRINM 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 GRINM with respect to the benefits of owning GRINM Semiconductor security.