Linewell Software (China) Market Value
| 603636 Stock | 11.29 0.32 2.92% |
| Symbol | Linewell |
Linewell Software '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 Linewell Software'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 Linewell Software.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Linewell Software on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Linewell Software Co or generate 0.0% return on investment in Linewell Software over 30 days. Linewell Software is related to or competes with Kunshan Guoli, Bomin Electronics, Xiangyang Automobile, Changchun Faway, Anhui Jianghuai, Guangzhou Automobile, and Haima Automobile. Linewell Software is entity of China. It is traded as Stock on SHG exchange. More
Linewell Software 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 Linewell Software'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 Linewell Software Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.54 | |||
| Information Ratio | 0.1209 | |||
| Maximum Drawdown | 19.87 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 9.77 |
Linewell Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Linewell Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Linewell Software's standard deviation. In reality, there are many statistical measures that can use Linewell Software historical prices to predict the future Linewell Software's volatility.| Risk Adjusted Performance | 0.1252 | |||
| Jensen Alpha | 0.6722 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1098 | |||
| Treynor Ratio | (1.41) |
Linewell Software Backtested Returns
Linewell Software appears to be slightly risky, given 3 months investment horizon. Linewell Software 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. By analyzing Linewell Software's technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please exercise Linewell Software's Risk Adjusted Performance of 0.1252, mean deviation of 2.94, and Downside Deviation of 4.54 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Linewell Software holds a performance score of 13. The company secures a Beta (Market Risk) of -0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Linewell Software are expected to decrease at a much lower rate. During the bear market, Linewell Software is likely to outperform the market. Please check Linewell Software'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 Linewell Software's current price movements will revert.
Auto-correlation | 0.33 |
Below average predictability
Linewell Software Co has below average predictability. Overlapping area represents the amount of predictability between Linewell Software time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Linewell Software price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Linewell Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Linewell Software lagged returns against current returns
Autocorrelation, which is Linewell Software 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 Linewell Software's stock expected returns. We can calculate the autocorrelation of Linewell Software returns to help us make a trade decision. For example, suppose you find that Linewell Software 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 |
Linewell Software 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 Linewell Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Linewell Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Linewell Software stock over time.
Current vs Lagged Prices |
| Timeline |
Linewell Software Lagged Returns
When evaluating Linewell Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Linewell Software stock have on its future price. Linewell Software 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, Linewell Software autocorrelation shows the relationship between Linewell Software stock current value and its past values and can show if there is a momentum factor associated with investing in Linewell Software Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Linewell Stock
Linewell Software financial ratios help investors to determine whether Linewell 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 Linewell with respect to the benefits of owning Linewell Software security.