Vontron Technology (China) Market Value
| 000920 Stock | 8.92 0.31 3.36% |
| Symbol | Vontron |
Vontron Technology '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 Vontron Technology'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 Vontron Technology.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Vontron Technology on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Vontron Technology Co or generate 0.0% return on investment in Vontron Technology over 180 days. Vontron Technology is related to or competes with Chengdu Kanghua, Beijing Wantai, Suzhou Novoprotein, Aluminum Corp, COL Digital, Shaanxi Meineng, and Gansu Huangtai. Vontron Technology is entity of China. It is traded as Stock on SHE exchange. More
Vontron Technology 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 Vontron Technology'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 Vontron Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.32 | |||
| Information Ratio | 0.1055 | |||
| Maximum Drawdown | 15.43 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 3.59 |
Vontron Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vontron Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vontron Technology's standard deviation. In reality, there are many statistical measures that can use Vontron Technology historical prices to predict the future Vontron Technology's volatility.| Risk Adjusted Performance | 0.1195 | |||
| Jensen Alpha | 0.4265 | |||
| Total Risk Alpha | 0.0343 | |||
| Sortino Ratio | 0.1186 | |||
| Treynor Ratio | (0.72) |
Vontron Technology Backtested Returns
Vontron Technology appears to be somewhat reliable, given 3 months investment horizon. Vontron Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vontron Technology Co, which you can use to evaluate the volatility of the company. Please review Vontron Technology's Semi Deviation of 1.91, risk adjusted performance of 0.1195, and Coefficient Of Variation of 678.47 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Vontron Technology holds a performance score of 10. The entity has a beta of -0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Vontron Technology are expected to decrease at a much lower rate. During the bear market, Vontron Technology is likely to outperform the market. Please check Vontron Technology's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Vontron Technology's existing price patterns will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Vontron Technology Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Vontron Technology time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd of November 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 Vontron Technology price movement. The serial correlation of -0.74 indicates that around 74.0% of current Vontron Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Vontron Technology lagged returns against current returns
Autocorrelation, which is Vontron Technology 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 Vontron Technology's stock expected returns. We can calculate the autocorrelation of Vontron Technology returns to help us make a trade decision. For example, suppose you find that Vontron Technology 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 |
Vontron Technology 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 Vontron Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vontron Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vontron Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Vontron Technology Lagged Returns
When evaluating Vontron Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vontron Technology stock have on its future price. Vontron Technology 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, Vontron Technology autocorrelation shows the relationship between Vontron Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Vontron Technology Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Vontron Stock
Vontron Technology financial ratios help investors to determine whether Vontron 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 Vontron with respect to the benefits of owning Vontron Technology security.