Invengo Information (China) Market Value
| 002161 Stock | 6.00 0.06 0.99% |
| Symbol | Invengo |
Invengo Information '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 Invengo Information'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 Invengo Information.
| 01/12/2023 |
| 12/02/2024 |
If you would invest 0.00 in Invengo Information on January 12, 2023 and sell it all today you would earn a total of 0.00 from holding Invengo Information Technology or generate 0.0% return on investment in Invengo Information over 690 days. Invengo Information is related to or competes with Ningbo MedicalSystem, Qilu Bank, Bloomage Biotechnology, Shandong Longquan, XinJiang GuoTong, Shenwu Energy, and China Construction. Invengo Information is entity of China. It is traded as Stock on SHE exchange. More
Invengo Information 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 Invengo Information'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 Invengo Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.86 | |||
| Information Ratio | 0.1221 | |||
| Maximum Drawdown | 20.06 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 9.96 |
Invengo Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Invengo Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invengo Information's standard deviation. In reality, there are many statistical measures that can use Invengo Information historical prices to predict the future Invengo Information's volatility.| Risk Adjusted Performance | 0.1261 | |||
| Jensen Alpha | 0.7351 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1355 | |||
| Treynor Ratio | (0.98) |
Invengo Information Backtested Returns
Invengo Information appears to be relatively risky, given 3 months investment horizon. Invengo Information holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Invengo Information's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please utilize Invengo Information's Risk Adjusted Performance of 0.1261, downside deviation of 3.86, and Market Risk Adjusted Performance of (0.97) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Invengo Information holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Invengo Information are expected to decrease at a much lower rate. During the bear market, Invengo Information is likely to outperform the market. Please check Invengo Information's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Invengo Information's current trending patterns will revert.
Auto-correlation | 0.43 |
Average predictability
Invengo Information Technology has average predictability. Overlapping area represents the amount of predictability between Invengo Information time series from 12th of January 2023 to 23rd of December 2023 and 23rd of December 2023 to 2nd 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 Invengo Information price movement. The serial correlation of 0.43 indicates that just about 43.0% of current Invengo Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Invengo Information lagged returns against current returns
Autocorrelation, which is Invengo Information 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 Invengo Information's stock expected returns. We can calculate the autocorrelation of Invengo Information returns to help us make a trade decision. For example, suppose you find that Invengo Information 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 |
Invengo Information 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 Invengo Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invengo Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invengo Information stock over time.
Current vs Lagged Prices |
| Timeline |
Invengo Information Lagged Returns
When evaluating Invengo Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invengo Information stock have on its future price. Invengo Information 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, Invengo Information autocorrelation shows the relationship between Invengo Information stock current value and its past values and can show if there is a momentum factor associated with investing in Invengo Information Technology.
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 Invengo Stock
Invengo Information financial ratios help investors to determine whether Invengo 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 Invengo with respect to the benefits of owning Invengo Information security.