Loctek Ergonomic (China) Market Value
| 300729 Stock | 17.33 0.04 0.23% |
| Symbol | Loctek |
Loctek Ergonomic '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 Loctek Ergonomic'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 Loctek Ergonomic.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Loctek Ergonomic on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Loctek Ergonomic Technology or generate 0.0% return on investment in Loctek Ergonomic over 30 days. Loctek Ergonomic is related to or competes with Union Semiconductor, Jinhui Mining, Fujian Oriental, Southchip Semiconductor, Guangdong Silvere, Uroica Mining, and China Life. Loctek Ergonomic is entity of China. It is traded as Stock on SHE exchange. More
Loctek Ergonomic 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 Loctek Ergonomic'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 Loctek Ergonomic Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.2 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 24.8 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 6.27 |
Loctek Ergonomic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Loctek Ergonomic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Loctek Ergonomic's standard deviation. In reality, there are many statistical measures that can use Loctek Ergonomic historical prices to predict the future Loctek Ergonomic's volatility.| Risk Adjusted Performance | 0.1104 | |||
| Jensen Alpha | 0.4147 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0958 | |||
| Treynor Ratio | 6.78 |
Loctek Ergonomic Tec Backtested Returns
Loctek Ergonomic appears to be not too volatile, given 3 months investment horizon. Loctek Ergonomic Tec 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. We have found twenty-nine technical indicators for Loctek Ergonomic, which you can use to evaluate the volatility of the firm. Please exercise Loctek Ergonomic's Risk Adjusted Performance of 0.1104, downside deviation of 3.2, and Mean Deviation of 2.09 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Loctek Ergonomic holds a performance score of 10. The company secures a Beta (Market Risk) of 0.0622, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Loctek Ergonomic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Loctek Ergonomic is expected to be smaller as well. Please check Loctek Ergonomic's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Loctek Ergonomic's current price movements will revert.
Auto-correlation | 0.78 |
Good predictability
Loctek Ergonomic Technology has good predictability. Overlapping area represents the amount of predictability between Loctek Ergonomic time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Loctek Ergonomic Tec price movement. The serial correlation of 0.78 indicates that around 78.0% of current Loctek Ergonomic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Loctek Ergonomic Tec lagged returns against current returns
Autocorrelation, which is Loctek Ergonomic 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 Loctek Ergonomic's stock expected returns. We can calculate the autocorrelation of Loctek Ergonomic returns to help us make a trade decision. For example, suppose you find that Loctek Ergonomic 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 |
Loctek Ergonomic 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 Loctek Ergonomic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Loctek Ergonomic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Loctek Ergonomic stock over time.
Current vs Lagged Prices |
| Timeline |
Loctek Ergonomic Lagged Returns
When evaluating Loctek Ergonomic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Loctek Ergonomic stock have on its future price. Loctek Ergonomic 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, Loctek Ergonomic autocorrelation shows the relationship between Loctek Ergonomic stock current value and its past values and can show if there is a momentum factor associated with investing in Loctek Ergonomic Technology.
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 Loctek Stock
Loctek Ergonomic financial ratios help investors to determine whether Loctek 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 Loctek with respect to the benefits of owning Loctek Ergonomic security.