Lonkey Industrial (China) Market Value
| 000523 Stock | 3.34 0.30 9.87% |
| Symbol | Lonkey |
Lonkey Industrial '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 Lonkey Industrial'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 Lonkey Industrial.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Lonkey Industrial on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Lonkey Industrial Co or generate 0.0% return on investment in Lonkey Industrial over 90 days. Lonkey Industrial is related to or competes with Yindu Kitchen, Focus Media, BCEG Environmental, Marssenger Kitchenware, Anhui Deli, Chahua Modern, and Jahen Household. More
Lonkey Industrial 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 Lonkey Industrial'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 Lonkey Industrial Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0385 | |||
| Maximum Drawdown | 9.91 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 3.36 |
Lonkey Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lonkey Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lonkey Industrial's standard deviation. In reality, there are many statistical measures that can use Lonkey Industrial historical prices to predict the future Lonkey Industrial's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.2733 | |||
| Treynor Ratio | 0.0184 |
Lonkey Industrial Backtested Returns
Lonkey Industrial has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. Lonkey Industrial exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lonkey Industrial's Risk Adjusted Performance of 0.0028, mean deviation of 1.48, and Standard Deviation of 2.34 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -1.04, which conveys a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Lonkey Industrial are expected to decrease slowly. On the other hand, during market turmoil, Lonkey Industrial is expected to outperform it slightly. At this point, Lonkey Industrial has a negative expected return of -0.0092%. Please make sure to verify Lonkey Industrial's variance, jensen alpha, and the relationship between the standard deviation and information ratio , to decide if Lonkey Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Lonkey Industrial Co has modest reverse predictability. Overlapping area represents the amount of predictability between Lonkey Industrial time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Lonkey Industrial price movement. The serial correlation of -0.47 indicates that about 47.0% of current Lonkey Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Lonkey Industrial lagged returns against current returns
Autocorrelation, which is Lonkey Industrial 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 Lonkey Industrial's stock expected returns. We can calculate the autocorrelation of Lonkey Industrial returns to help us make a trade decision. For example, suppose you find that Lonkey Industrial 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 |
Lonkey Industrial 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 Lonkey Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lonkey Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lonkey Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Lonkey Industrial Lagged Returns
When evaluating Lonkey Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lonkey Industrial stock have on its future price. Lonkey Industrial 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, Lonkey Industrial autocorrelation shows the relationship between Lonkey Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Lonkey Industrial Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Lonkey Stock
Lonkey Industrial financial ratios help investors to determine whether Lonkey 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 Lonkey with respect to the benefits of owning Lonkey Industrial security.