Kingsignal Technology (China) Market Value
| 300252 Stock | 9.14 0.06 0.66% |
| Symbol | Kingsignal |
Kingsignal 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 Kingsignal 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 Kingsignal Technology.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Kingsignal Technology on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kingsignal Technology Co or generate 0.0% return on investment in Kingsignal Technology over 180 days. Kingsignal Technology is related to or competes with Sinofibers Technology, Tianshui Huatian, Hainan Mining, Linewell Software, Zijin Mining, Guangdong Silvere, and Offshore Oil. Kingsignal Technology is entity of China More
Kingsignal 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 Kingsignal 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 Kingsignal Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.43 | |||
| Information Ratio | 0.1004 | |||
| Maximum Drawdown | 34.46 | |||
| Value At Risk | (5.35) | |||
| Potential Upside | 6.33 |
Kingsignal Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingsignal Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingsignal Technology's standard deviation. In reality, there are many statistical measures that can use Kingsignal Technology historical prices to predict the future Kingsignal Technology's volatility.| Risk Adjusted Performance | 0.1077 | |||
| Jensen Alpha | 0.542 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1052 | |||
| Treynor Ratio | 1.46 |
Kingsignal Technology Backtested Returns
Kingsignal Technology appears to be slightly risky, given 3 months investment horizon. Kingsignal Technology has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. By analyzing Kingsignal Technology's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Kingsignal Technology's Mean Deviation of 3.03, downside deviation of 4.43, and Risk Adjusted Performance of 0.1077 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kingsignal Technology holds a performance score of 11. The company secures a Beta (Market Risk) of 0.41, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kingsignal Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kingsignal Technology is expected to be smaller as well. Please check Kingsignal Technology's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Kingsignal Technology's current price movements will revert.
Auto-correlation | 0.13 |
Insignificant predictability
Kingsignal Technology Co has insignificant predictability. Overlapping area represents the amount of predictability between Kingsignal Technology time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Kingsignal Technology price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Kingsignal Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 1.45 |
Kingsignal Technology lagged returns against current returns
Autocorrelation, which is Kingsignal 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 Kingsignal Technology's stock expected returns. We can calculate the autocorrelation of Kingsignal Technology returns to help us make a trade decision. For example, suppose you find that Kingsignal 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 |
Kingsignal 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 Kingsignal Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingsignal Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingsignal Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Kingsignal Technology Lagged Returns
When evaluating Kingsignal Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingsignal Technology stock have on its future price. Kingsignal 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, Kingsignal Technology autocorrelation shows the relationship between Kingsignal Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Kingsignal Technology Co.
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 Kingsignal Stock
Kingsignal Technology financial ratios help investors to determine whether Kingsignal 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 Kingsignal with respect to the benefits of owning Kingsignal Technology security.