INKON Life (China) Market Value
| 300143 Stock | 10.20 0.17 1.69% |
| Symbol | INKON |
INKON Life '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 INKON Life'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 INKON Life.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in INKON Life on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding INKON Life Technology or generate 0.0% return on investment in INKON Life over 180 days. INKON Life is related to or competes with Beijing Wantai, Aluminum Corp, COL Digital, Shaanxi Meineng, Gansu Huangtai, and Threes Company. INKON Life is entity of China. It is traded as Stock on SHE exchange. More
INKON Life 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 INKON Life'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 INKON Life Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.01 | |||
| Information Ratio | 0.0969 | |||
| Maximum Drawdown | 34.69 | |||
| Value At Risk | (5.12) | |||
| Potential Upside | 8.21 |
INKON Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for INKON Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as INKON Life's standard deviation. In reality, there are many statistical measures that can use INKON Life historical prices to predict the future INKON Life's volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 0.6301 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.1187 | |||
| Treynor Ratio | (2.97) |
INKON Life Technology Backtested Returns
INKON Life appears to be slightly risky, given 3 months investment horizon. INKON Life Technology holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. By analyzing INKON Life's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize INKON Life's Risk Adjusted Performance of 0.1039, semi deviation of 3.42, and Market Risk Adjusted Performance of (2.96) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, INKON Life holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning INKON Life are expected to decrease at a much lower rate. During the bear market, INKON Life is likely to outperform the market. Please check INKON Life's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether INKON Life's current trending patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
INKON Life Technology has below average predictability. Overlapping area represents the amount of predictability between INKON Life time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 INKON Life Technology price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current INKON Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 1.36 |
INKON Life Technology lagged returns against current returns
Autocorrelation, which is INKON Life 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 INKON Life's stock expected returns. We can calculate the autocorrelation of INKON Life returns to help us make a trade decision. For example, suppose you find that INKON Life 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 |
INKON Life 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 INKON Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if INKON Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in INKON Life stock over time.
Current vs Lagged Prices |
| Timeline |
INKON Life Lagged Returns
When evaluating INKON Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of INKON Life stock have on its future price. INKON Life 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, INKON Life autocorrelation shows the relationship between INKON Life stock current value and its past values and can show if there is a momentum factor associated with investing in INKON Life 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 INKON Stock
INKON Life financial ratios help investors to determine whether INKON 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 INKON with respect to the benefits of owning INKON Life security.