Offcn Education (China) Market Value
| 002607 Stock | 3.03 0.12 3.81% |
| Symbol | Offcn |
Offcn Education '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 Offcn Education'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 Offcn Education.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Offcn Education on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Offcn Education Technology or generate 0.0% return on investment in Offcn Education over 30 days. Offcn Education is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, Beijing Roborock, Anhui Gujing, and NAURA Technology. Offcn Education is entity of China. It is traded as Stock on SHE exchange. More
Offcn Education 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 Offcn Education'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 Offcn Education Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.1556 | |||
| Maximum Drawdown | 20.33 | |||
| Value At Risk | (5.10) | |||
| Potential Upside | 10.0 |
Offcn Education Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Offcn Education's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Offcn Education's standard deviation. In reality, there are many statistical measures that can use Offcn Education historical prices to predict the future Offcn Education's volatility.| Risk Adjusted Performance | 0.1453 | |||
| Jensen Alpha | 0.8353 | |||
| Total Risk Alpha | 0.2149 | |||
| Sortino Ratio | 0.2066 | |||
| Treynor Ratio | (3.55) |
Offcn Education Tech Backtested Returns
Offcn Education is very risky given 3 months investment horizon. Offcn Education Tech maintains Sharpe Ratio (i.e., Efficiency) of 0.23, which implies the firm had a 0.23% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.09% are justified by taking the suggested risk. Use Offcn Education Semi Deviation of 2.98, coefficient of variation of 557.09, and Risk Adjusted Performance of 0.1453 to evaluate company specific risk that cannot be diversified away. Offcn Education holds a performance score of 17 on a scale of zero to a hundred. The company holds a Beta of -0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Offcn Education are expected to decrease at a much lower rate. During the bear market, Offcn Education is likely to outperform the market. Use Offcn Education semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Offcn Education.
Auto-correlation | -0.68 |
Very good reverse predictability
Offcn Education Technology has very good reverse predictability. Overlapping area represents the amount of predictability between Offcn Education 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 Offcn Education Tech price movement. The serial correlation of -0.68 indicates that around 68.0% of current Offcn Education price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Offcn Education Tech lagged returns against current returns
Autocorrelation, which is Offcn Education 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 Offcn Education's stock expected returns. We can calculate the autocorrelation of Offcn Education returns to help us make a trade decision. For example, suppose you find that Offcn Education 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 |
Offcn Education 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 Offcn Education stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Offcn Education stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Offcn Education stock over time.
Current vs Lagged Prices |
| Timeline |
Offcn Education Lagged Returns
When evaluating Offcn Education's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Offcn Education stock have on its future price. Offcn Education 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, Offcn Education autocorrelation shows the relationship between Offcn Education stock current value and its past values and can show if there is a momentum factor associated with investing in Offcn Education 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 Offcn Stock
Offcn Education financial ratios help investors to determine whether Offcn 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 Offcn with respect to the benefits of owning Offcn Education security.