Loongson Technology (China) Market Value
| 688047 Stock | 152.79 6.71 4.59% |
| Symbol | Loongson |
Loongson 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 Loongson 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 Loongson Technology.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Loongson Technology on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Loongson Technology Corp or generate 0.0% return on investment in Loongson Technology over 30 days. Loongson Technology is related to or competes with Lutian Machinery, China Longyuan, Changshu Tongrun, PetroChina, Bank of China, Guangxi Guiguan, and Yantai North. Loongson Technology is entity of China. It is traded as Stock on SHG exchange. More
Loongson 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 Loongson 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 Loongson Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.79 | |||
| Information Ratio | 0.1164 | |||
| Maximum Drawdown | 28.95 | |||
| Value At Risk | (5.99) | |||
| Potential Upside | 9.07 |
Loongson Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Loongson Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Loongson Technology's standard deviation. In reality, there are many statistical measures that can use Loongson Technology historical prices to predict the future Loongson Technology's volatility.| Risk Adjusted Performance | 0.1163 | |||
| Jensen Alpha | 0.6603 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1602 | |||
| Treynor Ratio | 1.32 |
Loongson Technology Corp Backtested Returns
Loongson Technology is very steady given 3 months investment horizon. Loongson Technology Corp has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. We were able to interpolate twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.16% are justified by taking the suggested risk. Use Loongson Technology Corp Downside Deviation of 3.79, risk adjusted performance of 0.1163, and Mean Deviation of 3.51 to evaluate company specific risk that cannot be diversified away. Loongson Technology holds a performance score of 16 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of 0.55, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Loongson Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Loongson Technology is expected to be smaller as well. Use Loongson Technology Corp information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Loongson Technology Corp.
Auto-correlation | 0.38 |
Below average predictability
Loongson Technology Corp has below average predictability. Overlapping area represents the amount of predictability between Loongson Technology time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Loongson Technology Corp price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Loongson Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 31.3 |
Loongson Technology Corp lagged returns against current returns
Autocorrelation, which is Loongson 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 Loongson Technology's stock expected returns. We can calculate the autocorrelation of Loongson Technology returns to help us make a trade decision. For example, suppose you find that Loongson 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 |
Loongson 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 Loongson Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Loongson Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Loongson Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Loongson Technology Lagged Returns
When evaluating Loongson Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Loongson Technology stock have on its future price. Loongson 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, Loongson Technology autocorrelation shows the relationship between Loongson Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Loongson Technology Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Loongson Stock
Loongson Technology financial ratios help investors to determine whether Loongson 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 Loongson with respect to the benefits of owning Loongson Technology security.