GalaxyCore (China) Market Value
| 688728 Stock | 16.01 0.26 1.65% |
| Symbol | GalaxyCore |
GalaxyCore '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 GalaxyCore'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 GalaxyCore.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in GalaxyCore on November 18, 2024 and sell it all today you would earn a total of 0.00 from holding GalaxyCore or generate 0.0% return on investment in GalaxyCore over 30 days. GalaxyCore is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. GalaxyCore is entity of China. It is traded as Stock on SHG exchange. More
GalaxyCore 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 GalaxyCore'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 GalaxyCore upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.95 | |||
| Information Ratio | 0.1378 | |||
| Maximum Drawdown | 28.69 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 9.79 |
GalaxyCore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GalaxyCore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GalaxyCore's standard deviation. In reality, there are many statistical measures that can use GalaxyCore historical prices to predict the future GalaxyCore's volatility.| Risk Adjusted Performance | 0.1227 | |||
| Jensen Alpha | 0.6544 | |||
| Total Risk Alpha | 0.5615 | |||
| Sortino Ratio | 0.2226 | |||
| Treynor Ratio | 0.5948 |
GalaxyCore Backtested Returns
GalaxyCore appears to be somewhat reliable, given 3 months investment horizon. GalaxyCore holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating GalaxyCore's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please utilize GalaxyCore's Market Risk Adjusted Performance of 0.6048, downside deviation of 2.95, and Risk Adjusted Performance of 0.1227 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GalaxyCore holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 1.14, which attests to a somewhat significant risk relative to the market. GalaxyCore returns are very sensitive to returns on the market. As the market goes up or down, GalaxyCore is expected to follow. Please check GalaxyCore's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether GalaxyCore's current trending patterns will revert.
Auto-correlation | -0.02 |
Very weak reverse predictability
GalaxyCore has very weak reverse predictability. Overlapping area represents the amount of predictability between GalaxyCore time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 GalaxyCore price movement. The serial correlation of -0.02 indicates that only 2.0% of current GalaxyCore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
GalaxyCore lagged returns against current returns
Autocorrelation, which is GalaxyCore 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 GalaxyCore's stock expected returns. We can calculate the autocorrelation of GalaxyCore returns to help us make a trade decision. For example, suppose you find that GalaxyCore 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 |
GalaxyCore 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 GalaxyCore stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GalaxyCore stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GalaxyCore stock over time.
Current vs Lagged Prices |
| Timeline |
GalaxyCore Lagged Returns
When evaluating GalaxyCore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GalaxyCore stock have on its future price. GalaxyCore 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, GalaxyCore autocorrelation shows the relationship between GalaxyCore stock current value and its past values and can show if there is a momentum factor associated with investing in GalaxyCore.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in GalaxyCore Stock
GalaxyCore financial ratios help investors to determine whether GalaxyCore 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 GalaxyCore with respect to the benefits of owning GalaxyCore security.