Keeson Technology (China) Market Value
| 603610 Stock | 10.24 0.10 0.99% |
| Symbol | Keeson |
Keeson 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 Keeson 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 Keeson Technology.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Keeson Technology on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Keeson Technology Corp or generate 0.0% return on investment in Keeson Technology over 180 days. Keeson Technology is related to or competes with Youyou Foods Co, HaiXin Foods, Nexchip Semiconductor, Anhui Gujing, Tonghua Grape, Jiajia Food, and GRINM Semiconductor. Keeson Technology is entity of China. It is traded as Stock on SHG exchange. More
Keeson 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 Keeson 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 Keeson Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0367 | |||
| Maximum Drawdown | 17.29 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 4.43 |
Keeson Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Keeson Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Keeson Technology's standard deviation. In reality, there are many statistical measures that can use Keeson Technology historical prices to predict the future Keeson Technology's volatility.| Risk Adjusted Performance | 0.0738 | |||
| Jensen Alpha | 0.1986 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.0345 | |||
| Treynor Ratio | 1.0 |
Keeson Technology Corp Backtested Returns
Keeson Technology appears to be somewhat reliable, given 3 months investment horizon. Keeson Technology Corp has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Keeson Technology, which you can use to evaluate the volatility of the firm. Please exercise Keeson Technology's Mean Deviation of 1.95, risk adjusted performance of 0.0738, and Downside Deviation of 2.9 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Keeson Technology holds a performance score of 13. The company secures a Beta (Market Risk) of 0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Keeson Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Keeson Technology is expected to be smaller as well. Please check Keeson Technology's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Keeson Technology's current price movements will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Keeson Technology Corp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Keeson Technology time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Keeson Technology Corp price movement. The serial correlation of -0.76 indicates that around 76.0% of current Keeson Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Keeson Technology Corp lagged returns against current returns
Autocorrelation, which is Keeson 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 Keeson Technology's stock expected returns. We can calculate the autocorrelation of Keeson Technology returns to help us make a trade decision. For example, suppose you find that Keeson 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 |
Keeson 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 Keeson Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Keeson Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Keeson Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Keeson Technology Lagged Returns
When evaluating Keeson Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Keeson Technology stock have on its future price. Keeson 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, Keeson Technology autocorrelation shows the relationship between Keeson Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Keeson Technology Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Keeson Stock
Keeson Technology financial ratios help investors to determine whether Keeson 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 Keeson with respect to the benefits of owning Keeson Technology security.