Loctek Ergonomic's market value is the price at which a share of Loctek Ergonomic trades on a public exchange. It measures the collective expectations of Loctek Ergonomic Technology investors about its performance. Loctek Ergonomic is trading at 15.33 as of the 19th of January 2025, a 0.97% down since the beginning of the trading day. The stock's open price was 15.48. With this module, you can estimate the performance of a buy and hold strategy of Loctek Ergonomic Technology and determine expected loss or profit from investing in Loctek Ergonomic over a given investment horizon. Check out Loctek Ergonomic Correlation, Loctek Ergonomic Volatility and Loctek Ergonomic Alpha and Beta module to complement your research on Loctek Ergonomic.
Please note, there is a significant difference between Loctek Ergonomic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Loctek Ergonomic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Loctek Ergonomic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Loctek Ergonomic on December 20, 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 Xinjiang Baodi, Tianshui Huatian, Hubei Forbon, Jinyu Bio, Tianjin Ruixin, Keeson Technology, and Vontron Technology. 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.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Loctek Ergonomic. Your research has to be compared to or analyzed against Loctek Ergonomic's peers to derive any actionable benefits. When done correctly, Loctek Ergonomic's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Loctek Ergonomic Tec.
Loctek Ergonomic Tec Backtested Returns
Loctek Ergonomic Tec has Sharpe Ratio of -0.0095, which conveys that the firm had a -0.0095% return per unit of risk over the last 3 months. Loctek Ergonomic exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Loctek Ergonomic's Risk Adjusted Performance of 0.0075, mean deviation of 1.83, and Downside Deviation of 2.58 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. 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. At this point, Loctek Ergonomic Tec has a negative expected return of -0.0229%. Please make sure to verify Loctek Ergonomic's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Loctek Ergonomic Tec performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.45
Modest reverse predictability
Loctek Ergonomic Technology has modest reverse predictability. Overlapping area represents the amount of predictability between Loctek Ergonomic time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th 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 Loctek Ergonomic Tec price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Loctek Ergonomic price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.45
Spearman Rank Test
0.1
Residual Average
0.0
Price Variance
0.06
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.
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.