King Strong (China) Market Value
| 300629 Stock | 21.67 0.05 0.23% |
| Symbol | King |
King Strong '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 King Strong'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 King Strong.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in King Strong on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding King Strong New Material or generate 0.0% return on investment in King Strong over 300 days. King Strong is related to or competes with Rising Nonferrous, Qinghaihuading Industrial, Western Metal, Shenzhen Zhongzhuang, Gem Year, Hainan Mining, and China Railway. King Strong is entity of China. It is traded as Stock on SHE exchange. More
King Strong 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 King Strong'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 King Strong New Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.0877 | |||
| Maximum Drawdown | 23.57 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 7.57 |
King Strong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for King Strong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as King Strong's standard deviation. In reality, there are many statistical measures that can use King Strong historical prices to predict the future King Strong's volatility.| Risk Adjusted Performance | 0.0992 | |||
| Jensen Alpha | 0.5182 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0941 | |||
| Treynor Ratio | (1.41) |
King Strong New Backtested Returns
King Strong appears to be not too volatile, given 3 months investment horizon. King Strong New 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. By analyzing King Strong's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please exercise King Strong's Risk Adjusted Performance of 0.0992, mean deviation of 2.81, and Downside Deviation of 3.82 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, King Strong holds a performance score of 12. The company secures a Beta (Market Risk) of -0.34, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning King Strong are expected to decrease at a much lower rate. During the bear market, King Strong is likely to outperform the market. Please check King Strong'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 King Strong's current price movements will revert.
Auto-correlation | 0.07 |
Virtually no predictability
King Strong New Material has virtually no predictability. Overlapping area represents the amount of predictability between King Strong time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th 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 King Strong New price movement. The serial correlation of 0.07 indicates that barely 7.0% of current King Strong price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 7.62 |
King Strong New lagged returns against current returns
Autocorrelation, which is King Strong 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 King Strong's stock expected returns. We can calculate the autocorrelation of King Strong returns to help us make a trade decision. For example, suppose you find that King Strong 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 |
King Strong 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 King Strong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if King Strong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in King Strong stock over time.
Current vs Lagged Prices |
| Timeline |
King Strong Lagged Returns
When evaluating King Strong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of King Strong stock have on its future price. King Strong 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, King Strong autocorrelation shows the relationship between King Strong stock current value and its past values and can show if there is a momentum factor associated with investing in King Strong New Material.
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 King Stock
King Strong financial ratios help investors to determine whether King 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 King with respect to the benefits of owning King Strong security.