Focused Photonics (China) Market Value
| 300203 Stock | 17.49 0.58 3.43% |
| Symbol | Focused |
Focused Photonics '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 Focused Photonics' 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 Focused Photonics.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Focused Photonics on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Focused Photonics Hangzhou or generate 0.0% return on investment in Focused Photonics over 90 days. Focused Photonics is related to or competes with Shenzhen Noposion, China Marine, CITIC Guoan, Shandong Polymer, Shenzhen SDG, and Northking Information. Focused Photonics is entity of China. It is traded as Stock on SHE exchange. More
Focused Photonics 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 Focused Photonics' 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 Focused Photonics Hangzhou upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.1323 | |||
| Maximum Drawdown | 32.46 | |||
| Value At Risk | (4.56) | |||
| Potential Upside | 10.63 |
Focused Photonics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Focused Photonics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Focused Photonics' standard deviation. In reality, there are many statistical measures that can use Focused Photonics historical prices to predict the future Focused Photonics' volatility.| Risk Adjusted Performance | 0.1316 | |||
| Jensen Alpha | 0.8235 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1757 | |||
| Treynor Ratio | (1.47) |
Focused Photonics Backtested Returns
Focused Photonics appears to be somewhat reliable, given 3 months investment horizon. Focused Photonics secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of standard deviation over the last 3 months. By reviewing Focused Photonics' technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please utilize Focused Photonics' Downside Deviation of 3.59, mean deviation of 3.3, and Semi Deviation of 3.06 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Focused Photonics holds a performance score of 13. The firm shows a Beta (market volatility) of -0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Focused Photonics are expected to decrease at a much lower rate. During the bear market, Focused Photonics is likely to outperform the market. Please check Focused Photonics' downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Focused Photonics' price patterns will revert.
Auto-correlation | 0.05 |
Virtually no predictability
Focused Photonics Hangzhou has virtually no predictability. Overlapping area represents the amount of predictability between Focused Photonics time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st 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 Focused Photonics price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Focused Photonics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.23 |
Focused Photonics lagged returns against current returns
Autocorrelation, which is Focused Photonics 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 Focused Photonics' stock expected returns. We can calculate the autocorrelation of Focused Photonics returns to help us make a trade decision. For example, suppose you find that Focused Photonics 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 |
Focused Photonics 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 Focused Photonics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Focused Photonics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Focused Photonics stock over time.
Current vs Lagged Prices |
| Timeline |
Focused Photonics Lagged Returns
When evaluating Focused Photonics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Focused Photonics stock have on its future price. Focused Photonics 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, Focused Photonics autocorrelation shows the relationship between Focused Photonics stock current value and its past values and can show if there is a momentum factor associated with investing in Focused Photonics Hangzhou.
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 Focused Stock
Focused Photonics financial ratios help investors to determine whether Focused 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 Focused with respect to the benefits of owning Focused Photonics security.