Iflytek (China) Market Value
| 002230 Stock | 48.92 1.13 2.26% |
| Symbol | Iflytek |
Iflytek '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 Iflytek'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 Iflytek.
| 02/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in Iflytek on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Iflytek Co or generate 0.0% return on investment in Iflytek over 660 days. Iflytek is related to or competes with Beijing Sanyuan, Oriental Times, Beijing Bashi, Gan Yuan, Threes Company, Anji Foodstuff, and Zhengzhou Qianweiyangchu. Iflytek is entity of China. It is traded as Stock on SHE exchange. More
Iflytek 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 Iflytek'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 Iflytek Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.8 | |||
| Information Ratio | 0.1362 | |||
| Maximum Drawdown | 18.9 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 7.53 |
Iflytek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iflytek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iflytek's standard deviation. In reality, there are many statistical measures that can use Iflytek historical prices to predict the future Iflytek's volatility.| Risk Adjusted Performance | 0.1429 | |||
| Jensen Alpha | 0.5436 | |||
| Total Risk Alpha | 0.0514 | |||
| Sortino Ratio | 0.1582 | |||
| Treynor Ratio | 3.3 |
Iflytek Backtested Returns
Iflytek appears to be very steady, given 3 months investment horizon. Iflytek holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. By evaluating Iflytek's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize Iflytek's Market Risk Adjusted Performance of 3.31, downside deviation of 2.8, and Risk Adjusted Performance of 0.1429 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Iflytek holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Iflytek's returns are expected to increase less than the market. However, during the bear market, the loss of holding Iflytek is expected to be smaller as well. Please check Iflytek's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Iflytek's current trending patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Iflytek Co has very weak predictability. Overlapping area represents the amount of predictability between Iflytek time series from 4th of February 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Iflytek price movement. The serial correlation of 0.17 indicates that over 17.0% of current Iflytek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 26.39 |
Iflytek lagged returns against current returns
Autocorrelation, which is Iflytek 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 Iflytek's stock expected returns. We can calculate the autocorrelation of Iflytek returns to help us make a trade decision. For example, suppose you find that Iflytek 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 |
Iflytek 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 Iflytek stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iflytek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iflytek stock over time.
Current vs Lagged Prices |
| Timeline |
Iflytek Lagged Returns
When evaluating Iflytek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iflytek stock have on its future price. Iflytek 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, Iflytek autocorrelation shows the relationship between Iflytek stock current value and its past values and can show if there is a momentum factor associated with investing in Iflytek 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 Iflytek Stock
Iflytek financial ratios help investors to determine whether Iflytek 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 Iflytek with respect to the benefits of owning Iflytek security.