Kangyue Technology (China) Market Value
| 300391 Stock | 3.76 0.20 5.05% |
| 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.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Kangyue Technology on January 1, 2025 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 30 days. Kangyue Technology is related to or competes with Shaanxi Energy, Jointo Energy, Cultural Investment, Guocheng Mining, Guangdong Silvere, Beijing Kingsoft, and JCHX Mining. 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.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 34.95 | |||
| Value At Risk | (8.13) | |||
| Potential Upside | 6.11 |
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 | (0.1) | |||
| Jensen Alpha | (0.78) | |||
| Total Risk Alpha | (1.34) | |||
| Treynor Ratio | (1.45) |
Kangyue Technology Backtested Returns
Kangyue Technology has Sharpe Ratio of -0.16, which conveys that the firm had a -0.16 % return per unit of risk over the last 3 months. Kangyue Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kangyue Technology's Standard Deviation of 5.62, risk adjusted performance of (0.1), and Mean Deviation of 3.9 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Kangyue Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Kangyue Technology is expected to be smaller as well. At this point, Kangyue Technology has a negative expected return of -0.83%. Please make sure to verify Kangyue Technology's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Kangyue Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.47 |
Average predictability
Kangyue Technology Co has average predictability. Overlapping area represents the amount of predictability between Kangyue Technology time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 0.47 indicates that about 47.0% of current Kangyue Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
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 |
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 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.