Kingnet Network (China) Market Value
| 002517 Stock | 12.88 0.25 1.90% |
| Symbol | Kingnet |
Kingnet Network '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 Kingnet Network'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 Kingnet Network.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Kingnet Network on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Kingnet Network Co or generate 0.0% return on investment in Kingnet Network over 690 days. Kingnet Network is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. Kingnet Network is entity of China. It is traded as Stock on SHE exchange. More
Kingnet Network 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 Kingnet Network'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 Kingnet Network Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.1188 | |||
| Maximum Drawdown | 17.48 | |||
| Value At Risk | (3.73) | |||
| Potential Upside | 6.22 |
Kingnet Network Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingnet Network's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingnet Network's standard deviation. In reality, there are many statistical measures that can use Kingnet Network historical prices to predict the future Kingnet Network's volatility.| Risk Adjusted Performance | 0.1288 | |||
| Jensen Alpha | 0.5201 | |||
| Total Risk Alpha | 9.0E-4 | |||
| Sortino Ratio | 0.145 | |||
| Treynor Ratio | (3.50) |
Kingnet Network Backtested Returns
Kingnet Network appears to be somewhat reliable, given 3 months investment horizon. Kingnet Network has Sharpe Ratio of 0.23, which conveys that the firm had a 0.23% return per unit of risk over the last 3 months. By analyzing Kingnet Network's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please exercise Kingnet Network's Mean Deviation of 2.56, downside deviation of 2.65, and Risk Adjusted Performance of 0.1288 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kingnet Network holds a performance score of 17. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kingnet Network are expected to decrease at a much lower rate. During the bear market, Kingnet Network is likely to outperform the market. Please check Kingnet Network's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Kingnet Network's current price movements will revert.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Kingnet Network Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Kingnet Network time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Kingnet Network price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Kingnet Network price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 2.01 |
Kingnet Network lagged returns against current returns
Autocorrelation, which is Kingnet Network 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 Kingnet Network's stock expected returns. We can calculate the autocorrelation of Kingnet Network returns to help us make a trade decision. For example, suppose you find that Kingnet Network 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 |
Kingnet Network 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 Kingnet Network stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingnet Network stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingnet Network stock over time.
Current vs Lagged Prices |
| Timeline |
Kingnet Network Lagged Returns
When evaluating Kingnet Network's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingnet Network stock have on its future price. Kingnet Network 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, Kingnet Network autocorrelation shows the relationship between Kingnet Network stock current value and its past values and can show if there is a momentum factor associated with investing in Kingnet Network Co.
Regressed Prices |
| Timeline |
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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 Kingnet Stock
Kingnet Network financial ratios help investors to determine whether Kingnet 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 Kingnet with respect to the benefits of owning Kingnet Network security.