China Galaxy Securities Stock Market Value
CGXYY Stock | USD 12.35 0.09 0.72% |
Symbol | China |
China Galaxy '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 China Galaxy's pink sheet 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 China Galaxy.
04/28/2022 |
| 04/17/2024 |
If you would invest 0.00 in China Galaxy on April 28, 2022 and sell it all today you would earn a total of 0.00 from holding China Galaxy Securities or generate 0.0% return on investment in China Galaxy over 720 days. China Galaxy is related to or competes with Magic Empire, and Zhong Yang. China Galaxy Securities Co., Ltd. provides various financial services in the Peoples Republic of China More
China Galaxy 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 China Galaxy's pink sheet 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 China Galaxy Securities upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.13) | |||
Maximum Drawdown | 6.77 |
China Galaxy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Galaxy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Galaxy's standard deviation. In reality, there are many statistical measures that can use China Galaxy historical prices to predict the future China Galaxy's volatility.Risk Adjusted Performance | (0.04) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.16) | |||
Treynor Ratio | (4.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Galaxy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
China Galaxy Securities Backtested Returns
China Galaxy Securities secures Sharpe Ratio (or Efficiency) of -0.0766, which signifies that the company had a -0.0766% return per unit of risk over the last 3 months. China Galaxy Securities exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Galaxy's Risk Adjusted Performance of (0.04), standard deviation of 0.9802, and Mean Deviation of 0.2565 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0201, which signifies not very significant fluctuations relative to the market. As returns on the market increase, China Galaxy's returns are expected to increase less than the market. However, during the bear market, the loss of holding China Galaxy is expected to be smaller as well. China Galaxy Securities has an expected return of -0.0775%. Please make sure to confirm China Galaxy Securities skewness, and the relationship between the information ratio and rate of daily change , to decide if China Galaxy Securities performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.31 |
Below average predictability
China Galaxy Securities has below average predictability. Overlapping area represents the amount of predictability between China Galaxy time series from 28th of April 2022 to 23rd of April 2023 and 23rd of April 2023 to 17th of April 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 China Galaxy Securities price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current China Galaxy price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.31 | |
Spearman Rank Test | -0.61 | |
Residual Average | 0.0 | |
Price Variance | 0.39 |
China Galaxy Securities lagged returns against current returns
Autocorrelation, which is China Galaxy pink sheet'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 China Galaxy's pink sheet expected returns. We can calculate the autocorrelation of China Galaxy returns to help us make a trade decision. For example, suppose you find that China Galaxy has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
China Galaxy 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 China Galaxy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Galaxy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Galaxy pink sheet over time.
Current vs Lagged Prices |
Timeline |
China Galaxy Lagged Returns
When evaluating China Galaxy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Galaxy pink sheet have on its future price. China Galaxy 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, China Galaxy autocorrelation shows the relationship between China Galaxy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in China Galaxy Securities.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Galaxy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Galaxy's short interest history, or implied volatility extrapolated from China Galaxy options trading.
Pair Trading with China Galaxy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Galaxy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Galaxy will appreciate offsetting losses from the drop in the long position's value.Moving against China Pink Sheet
0.75 | XOM | Exxon Mobil Corp Report 26th of April 2024 | PairCorr |
0.69 | SCHW | Charles Schwab Corp Financial Report 16th of July 2024 | PairCorr |
0.68 | GS | Goldman Sachs Group Financial Report 17th of July 2024 | PairCorr |
0.65 | CAT | Caterpillar Report 25th of April 2024 | PairCorr |
0.64 | CVX | Chevron Corp Report 26th of April 2024 | PairCorr |
The ability to find closely correlated positions to China Galaxy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Galaxy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Galaxy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Galaxy Securities to buy it.
The correlation of China Galaxy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Galaxy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Galaxy Securities moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Galaxy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out China Galaxy Correlation, China Galaxy Volatility and China Galaxy Alpha and Beta module to complement your research on China Galaxy. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for China Pink Sheet analysis
When running China Galaxy's price analysis, check to measure China Galaxy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Galaxy is operating at the current time. Most of China Galaxy's value examination focuses on studying past and present price action to predict the probability of China Galaxy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Galaxy's price. Additionally, you may evaluate how the addition of China Galaxy to your portfolios can decrease your overall portfolio volatility.
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China Galaxy technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.