Smartgiant Technology (China) Market Value
| 688115 Stock | 39.20 0.89 2.22% |
| Symbol | Smartgiant |
Smartgiant 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 Smartgiant 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 Smartgiant Technology.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in Smartgiant Technology on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding Smartgiant Technology Co or generate 0.0% return on investment in Smartgiant Technology over 30 days. Smartgiant Technology is related to or competes with Kweichow Moutai, Contemporary Amperex, Beijing Roborock, BYD Co, Anhui Gujing, and Anhui Gujing. Smartgiant Technology is entity of China More
Smartgiant 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 Smartgiant 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 Smartgiant Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 18.39 | |||
| Value At Risk | (5.02) | |||
| Potential Upside | 6.52 |
Smartgiant Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Smartgiant Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Smartgiant Technology's standard deviation. In reality, there are many statistical measures that can use Smartgiant Technology historical prices to predict the future Smartgiant Technology's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.11) |
Smartgiant Technology Backtested Returns
Smartgiant Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0404, which indicates the firm had a -0.0404 % return per unit of risk over the last 3 months. Smartgiant Technology Co exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Smartgiant Technology's Variance of 14.68, coefficient of variation of (9,384), and insignificant Risk Adjusted Performance to confirm the risk estimate we provide. The entity has a beta of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Smartgiant Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Smartgiant Technology is expected to be smaller as well. At this point, Smartgiant Technology has a negative expected return of -0.15%. Please make sure to validate Smartgiant Technology's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Smartgiant Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Smartgiant Technology Co has below average predictability. Overlapping area represents the amount of predictability between Smartgiant Technology time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd 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 Smartgiant Technology price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Smartgiant Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.92 |
Smartgiant Technology lagged returns against current returns
Autocorrelation, which is Smartgiant 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 Smartgiant Technology's stock expected returns. We can calculate the autocorrelation of Smartgiant Technology returns to help us make a trade decision. For example, suppose you find that Smartgiant 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 |
Smartgiant 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 Smartgiant Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Smartgiant Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Smartgiant Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Smartgiant Technology Lagged Returns
When evaluating Smartgiant Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Smartgiant Technology stock have on its future price. Smartgiant 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, Smartgiant Technology autocorrelation shows the relationship between Smartgiant Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Smartgiant Technology Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Smartgiant Stock
Smartgiant Technology financial ratios help investors to determine whether Smartgiant 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 Smartgiant with respect to the benefits of owning Smartgiant Technology security.