Kingclean Electric (China) Market Value
| 603355 Stock | 22.60 1.27 5.32% |
| Symbol | Kingclean |
Kingclean Electric '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 Kingclean Electric'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 Kingclean Electric.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Kingclean Electric on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Kingclean Electric Co or generate 0.0% return on investment in Kingclean Electric over 30 days. Kingclean Electric is related to or competes with CITIC Metal, Hainan Mining, Huaibei Mining, Jiangxi Naipu, Hefei Metalforming, Ningbo Thermal, and Western Mining. Kingclean Electric is entity of China. It is traded as Stock on SHG exchange. More
Kingclean Electric 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 Kingclean Electric'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 Kingclean Electric Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0172 | |||
| Maximum Drawdown | 18.51 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 3.76 |
Kingclean Electric Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingclean Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingclean Electric's standard deviation. In reality, there are many statistical measures that can use Kingclean Electric historical prices to predict the future Kingclean Electric's volatility.| Risk Adjusted Performance | 0.0554 | |||
| Jensen Alpha | 0.1572 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0195 | |||
| Treynor Ratio | (0.81) |
Kingclean Electric Backtested Returns
At this point, Kingclean Electric is not too volatile. Kingclean Electric has Sharpe Ratio of 0.0403, which conveys that the firm had a 0.0403% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Kingclean Electric, which you can use to evaluate the volatility of the firm. Please verify Kingclean Electric's Mean Deviation of 1.49, downside deviation of 2.07, and Risk Adjusted Performance of 0.0554 to check out if the risk estimate we provide is consistent with the expected return of 0.1%. Kingclean Electric has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kingclean Electric are expected to decrease at a much lower rate. During the bear market, Kingclean Electric is likely to outperform the market. Kingclean Electric right now secures a risk of 2.6%. Please verify Kingclean Electric Co information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Kingclean Electric Co will be following its current price movements.
Auto-correlation | -0.49 |
Modest reverse predictability
Kingclean Electric Co has modest reverse predictability. Overlapping area represents the amount of predictability between Kingclean Electric time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Kingclean Electric price movement. The serial correlation of -0.49 indicates that about 49.0% of current Kingclean Electric price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Kingclean Electric lagged returns against current returns
Autocorrelation, which is Kingclean Electric 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 Kingclean Electric's stock expected returns. We can calculate the autocorrelation of Kingclean Electric returns to help us make a trade decision. For example, suppose you find that Kingclean Electric 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 |
Kingclean Electric 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 Kingclean Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingclean Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingclean Electric stock over time.
Current vs Lagged Prices |
| Timeline |
Kingclean Electric Lagged Returns
When evaluating Kingclean Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingclean Electric stock have on its future price. Kingclean Electric 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, Kingclean Electric autocorrelation shows the relationship between Kingclean Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Kingclean Electric Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kingclean Stock
Kingclean Electric financial ratios help investors to determine whether Kingclean 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 Kingclean with respect to the benefits of owning Kingclean Electric security.