Kuangda Technology (China) Market Value
| 002516 Stock | 5.31 0.03 0.57% |
| Symbol | Kuangda |
Kuangda 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 Kuangda 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 Kuangda Technology.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Kuangda Technology on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Kuangda Technology Group or generate 0.0% return on investment in Kuangda Technology over 510 days. Kuangda Technology is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. Kuangda Technology is entity of China. It is traded as Stock on SHE exchange. More
Kuangda 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 Kuangda 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 Kuangda Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.1442 | |||
| Maximum Drawdown | 16.92 | |||
| Value At Risk | (4.01) | |||
| Potential Upside | 8.28 |
Kuangda Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kuangda Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kuangda Technology's standard deviation. In reality, there are many statistical measures that can use Kuangda Technology historical prices to predict the future Kuangda Technology's volatility.| Risk Adjusted Performance | 0.1476 | |||
| Jensen Alpha | 0.6139 | |||
| Total Risk Alpha | 0.0822 | |||
| Sortino Ratio | 0.1664 | |||
| Treynor Ratio | (3.90) |
Kuangda Technology Backtested Returns
Kuangda Technology appears to be relatively risky, given 3 months investment horizon. Kuangda Technology has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Kuangda Technology's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please exercise Kuangda Technology's Downside Deviation of 2.87, mean deviation of 2.33, and Risk Adjusted Performance of 0.1476 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kuangda Technology holds a performance score of 16. The company secures a Beta (Market Risk) of -0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kuangda Technology are expected to decrease at a much lower rate. During the bear market, Kuangda Technology is likely to outperform the market. Please check Kuangda Technology's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Kuangda Technology's current price movements will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Kuangda Technology Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Kuangda Technology time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Kuangda Technology price movement. The serial correlation of -0.81 indicates that around 81.0% of current Kuangda Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Kuangda Technology lagged returns against current returns
Autocorrelation, which is Kuangda 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 Kuangda Technology's stock expected returns. We can calculate the autocorrelation of Kuangda Technology returns to help us make a trade decision. For example, suppose you find that Kuangda 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 |
Kuangda 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 Kuangda Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kuangda Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kuangda Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Kuangda Technology Lagged Returns
When evaluating Kuangda Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kuangda Technology stock have on its future price. Kuangda 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, Kuangda Technology autocorrelation shows the relationship between Kuangda Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Kuangda Technology Group.
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 Kuangda Stock
Kuangda Technology financial ratios help investors to determine whether Kuangda 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 Kuangda with respect to the benefits of owning Kuangda Technology security.