Lens Technology (China) Market Value
| 300433 Stock | 22.48 0.31 1.40% |
| Symbol | Lens |
Lens 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 Lens 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 Lens Technology.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Lens Technology on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Lens Technology Co or generate 0.0% return on investment in Lens Technology over 720 days. Lens Technology is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Lens Technology is entity of China. It is traded as Stock on SHE exchange. More
Lens 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 Lens 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 Lens Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.36 | |||
| Information Ratio | 0.1374 | |||
| Maximum Drawdown | 31.54 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 6.32 |
Lens Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lens Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lens Technology's standard deviation. In reality, there are many statistical measures that can use Lens Technology historical prices to predict the future Lens Technology's volatility.| Risk Adjusted Performance | 0.1262 | |||
| Jensen Alpha | 0.6733 | |||
| Total Risk Alpha | 0.4473 | |||
| Sortino Ratio | 0.1794 | |||
| Treynor Ratio | (0.63) |
Lens Technology Backtested Returns
Lens Technology appears to be somewhat reliable, given 3 months investment horizon. Lens Technology has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Lens Technology's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please exercise Lens Technology's Risk Adjusted Performance of 0.1262, downside deviation of 3.36, and Mean Deviation of 2.91 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lens Technology holds a performance score of 10. The company secures a Beta (Market Risk) of -1.02, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Lens Technology are expected to decrease slowly. On the other hand, during market turmoil, Lens Technology is expected to outperform it slightly. Please check Lens Technology's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Lens Technology's current price movements will revert.
Auto-correlation | 0.32 |
Below average predictability
Lens Technology Co has below average predictability. Overlapping area represents the amount of predictability between Lens Technology time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Lens Technology price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Lens Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 14.21 |
Lens Technology lagged returns against current returns
Autocorrelation, which is Lens 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 Lens Technology's stock expected returns. We can calculate the autocorrelation of Lens Technology returns to help us make a trade decision. For example, suppose you find that Lens 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 |
Lens 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 Lens Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lens Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lens Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Lens Technology Lagged Returns
When evaluating Lens Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lens Technology stock have on its future price. Lens 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, Lens Technology autocorrelation shows the relationship between Lens Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Lens 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 Lens Stock
Lens Technology financial ratios help investors to determine whether Lens 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 Lens with respect to the benefits of owning Lens Technology security.