Kangyue Technology (China) Market Value
| 300391 Stock | 6.89 0.04 0.58% |
| Symbol | Kangyue |
Kangyue 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 Kangyue 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 Kangyue Technology.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Kangyue Technology on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Kangyue Technology Co or generate 0.0% return on investment in Kangyue Technology over 720 days. Kangyue Technology is related to or competes with Cultural Investment, Gome Telecom, Holitech Technology, and Zotye Automobile. Kangyue Technology is entity of China. It is traded as Stock on SHE exchange. More
Kangyue 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 Kangyue 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 Kangyue Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.17 | |||
| Information Ratio | 0.1586 | |||
| Maximum Drawdown | 35.52 | |||
| Value At Risk | (9.89) | |||
| Potential Upside | 20.05 |
Kangyue Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kangyue Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kangyue Technology's standard deviation. In reality, there are many statistical measures that can use Kangyue Technology historical prices to predict the future Kangyue Technology's volatility.| Risk Adjusted Performance | 0.1355 | |||
| Jensen Alpha | 1.4 | |||
| Total Risk Alpha | 0.1156 | |||
| Sortino Ratio | 0.1952 | |||
| Treynor Ratio | (1.92) |
Kangyue Technology Backtested Returns
Kangyue Technology is risky given 3 months investment horizon. Kangyue Technology has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.32% are justified by taking the suggested risk. Use Kangyue Technology Risk Adjusted Performance of 0.1355, mean deviation of 5.26, and Downside Deviation of 6.17 to evaluate company specific risk that cannot be diversified away. Kangyue Technology holds a performance score of 13 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.69, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kangyue Technology are expected to decrease at a much lower rate. During the bear market, Kangyue Technology is likely to outperform the market. Use Kangyue Technology information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Kangyue Technology.
Auto-correlation | 0.50 |
Modest predictability
Kangyue Technology Co has modest predictability. Overlapping area represents the amount of predictability between Kangyue Technology time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Kangyue Technology price movement. The serial correlation of 0.5 indicates that about 50.0% of current Kangyue Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
Kangyue Technology lagged returns against current returns
Autocorrelation, which is Kangyue 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 Kangyue Technology's stock expected returns. We can calculate the autocorrelation of Kangyue Technology returns to help us make a trade decision. For example, suppose you find that Kangyue 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 |
Kangyue 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 Kangyue Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kangyue Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kangyue Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Kangyue Technology Lagged Returns
When evaluating Kangyue Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kangyue Technology stock have on its future price. Kangyue 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, Kangyue Technology autocorrelation shows the relationship between Kangyue Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Kangyue Technology 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 Kangyue Stock
Kangyue Technology financial ratios help investors to determine whether Kangyue 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 Kangyue with respect to the benefits of owning Kangyue Technology security.