Recon Technology Stock Market Value
| RCON Stock | USD 2.29 0.06 2.69% |
| Symbol | Recon |
Recon Technology Price To Book Ratio
Is Oil & Gas Equipment & 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 Recon Technology. If investors know Recon 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 Recon 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 (0.08) | Revenue Per Share 13.637 | Quarterly Revenue Growth 0.095 | Return On Assets (0.08) | Return On Equity (0.11) |
The market value of Recon Technology is measured differently than its book value, which is the value of Recon that is recorded on the company's balance sheet. Investors also form their own opinion of Recon Technology's value that differs from its market value or its book value, called intrinsic value, which is Recon 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 Recon Technology's market value can be influenced by many factors that don't directly affect Recon 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 Recon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Recon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Recon 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.
Recon 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 Recon 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 Recon Technology.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Recon Technology on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Recon Technology or generate 0.0% return on investment in Recon Technology over 30 days. Recon Technology is related to or competes with Saipem SpA, Worley Parsons, Calfrac Well, ProFrac Holding, Newpark Resources, Natural Gas, and Geospace Technologies. Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extrac... More
Recon 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 Recon 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 Recon Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.9 | |||
| Information Ratio | 0.0015 | |||
| Maximum Drawdown | 32.84 | |||
| Value At Risk | (12.17) | |||
| Potential Upside | 7.93 |
Recon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Recon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Recon Technology's standard deviation. In reality, there are many statistical measures that can use Recon Technology historical prices to predict the future Recon Technology's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.83) | |||
| Sortino Ratio | 0.0014 | |||
| Treynor Ratio | 0.083 |
Recon Technology Backtested Returns
Recon Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.0528, which implies the firm had a -0.0528% return per unit of risk over the last 3 months. Recon Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Recon Technology's Risk Adjusted Performance of 0.0264, coefficient of variation of 4351.87, and Semi Deviation of 6.43 to confirm the risk estimate we provide. The company holds a Beta of 1.57, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Recon Technology will likely underperform. At this point, Recon Technology has a negative expected return of -0.3%. Please make sure to check Recon Technology's value at risk, and the relationship between the jensen alpha and skewness , to decide if Recon Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.07 |
Virtually no predictability
Recon Technology has virtually no predictability. Overlapping area represents the amount of predictability between Recon Technology time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Recon Technology price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Recon Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Recon Technology lagged returns against current returns
Autocorrelation, which is Recon 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 Recon Technology's stock expected returns. We can calculate the autocorrelation of Recon Technology returns to help us make a trade decision. For example, suppose you find that Recon 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 |
Recon 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 Recon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Recon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Recon Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Recon Technology Lagged Returns
When evaluating Recon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Recon Technology stock have on its future price. Recon 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, Recon Technology autocorrelation shows the relationship between Recon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Recon Technology.
Regressed Prices |
| Timeline |
Pair Trading with Recon 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 Recon 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 Recon Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Recon Stock
| 0.55 | NGS | Natural Gas Services | PairCorr |
| 0.52 | NOA | North American Const | PairCorr |
| 0.51 | FTK | Flotek Industries | PairCorr |
| 0.5 | OIS | Oil States International | PairCorr |
| 0.49 | WTTR | Select Energy Services | PairCorr |
The ability to find closely correlated positions to Recon 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 Recon 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 Recon 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 Recon Technology to buy it.
The correlation of Recon 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 Recon Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Recon Technology 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 Recon 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 Recon Technology Correlation, Recon Technology Volatility and Recon Technology Alpha and Beta module to complement your research on Recon Technology. To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Recon 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.