Luolai Home (China) Market Value
| 002293 Stock | 7.67 0.24 3.03% |
| Symbol | Luolai |
Luolai Home '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 Luolai Home'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 Luolai Home.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Luolai Home on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Luolai Home Textile or generate 0.0% return on investment in Luolai Home over 30 days. Luolai Home is related to or competes with Cangzhou Mingzhu, Xinke Material, Ningxia Younglight, GRIPM Advanced, Miracll Chemicals, Suzhou Xingye, and Dymatic Chemicals. Luolai Home is entity of China. It is traded as Stock on SHE exchange. More
Luolai Home 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 Luolai Home'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 Luolai Home Textile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 15.56 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 4.43 |
Luolai Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luolai Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luolai Home's standard deviation. In reality, there are many statistical measures that can use Luolai Home historical prices to predict the future Luolai Home's volatility.| Risk Adjusted Performance | 0.0416 | |||
| Jensen Alpha | 0.1814 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.17) |
Luolai Home Textile Backtested Returns
Luolai Home appears to be somewhat reliable, given 3 months investment horizon. Luolai Home Textile has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Luolai Home, which you can use to evaluate the volatility of the firm. Please exercise Luolai Home's Mean Deviation of 1.79, risk adjusted performance of 0.0416, and Downside Deviation of 2.42 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Luolai Home holds a performance score of 10. The company secures a Beta (Market Risk) of -0.63, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Luolai Home are expected to decrease at a much lower rate. During the bear market, Luolai Home is likely to outperform the market. Please check Luolai Home's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Luolai Home's current price movements will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Luolai Home Textile has poor reverse predictability. Overlapping area represents the amount of predictability between Luolai Home time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Luolai Home Textile price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Luolai Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Luolai Home Textile lagged returns against current returns
Autocorrelation, which is Luolai Home 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 Luolai Home's stock expected returns. We can calculate the autocorrelation of Luolai Home returns to help us make a trade decision. For example, suppose you find that Luolai Home 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 |
Luolai Home 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 Luolai Home stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luolai Home stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luolai Home stock over time.
Current vs Lagged Prices |
| Timeline |
Luolai Home Lagged Returns
When evaluating Luolai Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luolai Home stock have on its future price. Luolai Home 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, Luolai Home autocorrelation shows the relationship between Luolai Home stock current value and its past values and can show if there is a momentum factor associated with investing in Luolai Home Textile.
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 Luolai Stock
Luolai Home financial ratios help investors to determine whether Luolai 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 Luolai with respect to the benefits of owning Luolai Home security.