Luokung Technology Corp Stock Market Value
| LKCO Stock | USD 1.77 0.05 2.75% |
| Symbol | Luokung |
Luokung Technology Corp Price To Book Ratio
Is Interactive Media & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Luokung Technology. If investors know Luokung will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Luokung Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (652.40) | Revenue Per Share 4.604 | Quarterly Revenue Growth (0.87) | Return On Assets (0.44) | Return On Equity (4.47) |
The market value of Luokung Technology Corp is measured differently than its book value, which is the value of Luokung that is recorded on the company's balance sheet. Investors also form their own opinion of Luokung Technology's value that differs from its market value or its book value, called intrinsic value, which is Luokung Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Luokung Technology's market value can be influenced by many factors that don't directly affect Luokung Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Luokung Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Luokung Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Luokung Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Luokung 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 Luokung 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 Luokung Technology.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Luokung Technology on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Luokung Technology Corp or generate 0.0% return on investment in Luokung Technology over 30 days. Luokung Technology is related to or competes with Auddia, Freight Technologies, CXApp, Trust Stamp, Infobird, Versus Systems, and HeartCore Enterprises. Luokung Technology Corp., together with its subsidiaries, engages in the provision of location-based services and mobile... More
Luokung 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 Luokung 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 Luokung Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 38.14 | |||
| Value At Risk | (12.59) | |||
| Potential Upside | 10.94 |
Luokung Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Luokung Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Luokung Technology's standard deviation. In reality, there are many statistical measures that can use Luokung Technology historical prices to predict the future Luokung Technology's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (1.10) | |||
| Total Risk Alpha | (2.28) | |||
| Treynor Ratio | (2.63) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Luokung Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Luokung Technology Corp Backtested Returns
Luokung Technology Corp has Sharpe Ratio of -0.15, which conveys that the firm had a -0.15% return per unit of risk over the last 3 months. Luokung Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Luokung Technology's Risk Adjusted Performance of (0.09), mean deviation of 5.42, and Standard Deviation of 7.71 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.4, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Luokung Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Luokung Technology is expected to be smaller as well. At this point, Luokung Technology Corp has a negative expected return of -1.17%. Please make sure to verify Luokung Technology's total risk alpha, skewness, as well as the relationship between the Skewness and day median price , to decide if Luokung Technology Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Luokung Technology Corp has very weak reverse predictability. Overlapping area represents the amount of predictability between Luokung Technology time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Luokung Technology Corp price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Luokung Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Luokung Technology Corp lagged returns against current returns
Autocorrelation, which is Luokung 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 Luokung Technology's stock expected returns. We can calculate the autocorrelation of Luokung Technology returns to help us make a trade decision. For example, suppose you find that Luokung 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 |
Luokung 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 Luokung Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Luokung Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Luokung Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Luokung Technology Lagged Returns
When evaluating Luokung Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Luokung Technology stock have on its future price. Luokung 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, Luokung Technology autocorrelation shows the relationship between Luokung Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Luokung Technology Corp.
Regressed Prices |
| Timeline |
Pair Trading with Luokung Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Luokung Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Luokung Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Luokung Stock
Moving against Luokung Stock
| 0.89 | WMG | Warner Music Group | PairCorr |
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| 0.79 | EVC | Entravision Communications | PairCorr |
| 0.76 | WPP | WPP PLC ADR | PairCorr |
| 0.63 | DIS | Walt Disney Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Luokung Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Luokung Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Luokung Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Luokung Technology Corp to buy it.
The correlation of Luokung Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Luokung Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Luokung Technology Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Luokung Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Luokung Technology Correlation, Luokung Technology Volatility and Luokung Technology Alpha and Beta module to complement your research on Luokung Technology. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Luokung Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.