Soyea Technology (China) Market Value

000909 Stock   5.73  0.01  0.17%   
Soyea Technology's market value is the price at which a share of Soyea Technology trades on a public exchange. It measures the collective expectations of Soyea Technology Co investors about its performance. Soyea Technology is trading at 5.73 as of the 4th of December 2024, a 0.17 percent increase since the beginning of the trading day. The stock's open price was 5.72.
With this module, you can estimate the performance of a buy and hold strategy of Soyea Technology Co and determine expected loss or profit from investing in Soyea Technology over a given investment horizon. Check out Soyea Technology Correlation, Soyea Technology Volatility and Soyea Technology Alpha and Beta module to complement your research on Soyea Technology.
Symbol

Please note, there is a significant difference between Soyea Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Soyea Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Soyea 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.

Soyea 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 Soyea 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 Soyea Technology.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in Soyea Technology on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Soyea Technology Co or generate 0.0% return on investment in Soyea Technology over 60 days. Soyea Technology is related to or competes with Nanjing Putian, Tianjin Realty, Shenyang Huitian, Shenzhen Changfang, Jiangsu Xinning, and Hubei Geoway. Soyea Technology is entity of China. It is traded as Stock on SHE exchange. More

Soyea 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 Soyea 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 Soyea Technology Co upside and downside potential and time the market with a certain degree of confidence.

Soyea Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Soyea Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soyea Technology's standard deviation. In reality, there are many statistical measures that can use Soyea Technology historical prices to predict the future Soyea Technology's volatility.
Hype
Prediction
LowEstimatedHigh
3.175.908.63
Details
Intrinsic
Valuation
LowRealHigh
1.594.327.05
Details
Naive
Forecast
LowNextHigh
3.085.808.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.205.425.63
Details

Soyea Technology Backtested Returns

Soyea Technology appears to be slightly risky, given 3 months investment horizon. Soyea Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.36, which indicates the firm had a 0.36% return per unit of risk over the last 3 months. By inspecting Soyea Technology's technical indicators, you can evaluate if the expected return of 0.99% is justified by implied risk. Please review Soyea Technology's Risk Adjusted Performance of 0.2091, coefficient of variation of 377.94, and Semi Deviation of 2.58 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Soyea Technology holds a performance score of 28. The entity has a beta of -0.0449, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Soyea Technology are expected to decrease at a much lower rate. During the bear market, Soyea Technology is likely to outperform the market. Please check Soyea Technology's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Soyea Technology's existing price patterns will revert.

Auto-correlation

    
  0.76  

Good predictability

Soyea Technology Co has good predictability. Overlapping area represents the amount of predictability between Soyea Technology time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 Soyea Technology price movement. The serial correlation of 0.76 indicates that around 76.0% of current Soyea Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.76
Spearman Rank Test0.76
Residual Average0.0
Price Variance0.05

Soyea Technology lagged returns against current returns

Autocorrelation, which is Soyea 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 Soyea Technology's stock expected returns. We can calculate the autocorrelation of Soyea Technology returns to help us make a trade decision. For example, suppose you find that Soyea 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  

Soyea 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 Soyea Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soyea Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soyea Technology stock over time.
   Current vs Lagged Prices   
       Timeline  

Soyea Technology Lagged Returns

When evaluating Soyea Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soyea Technology stock have on its future price. Soyea 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, Soyea Technology autocorrelation shows the relationship between Soyea Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Soyea Technology Co.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Soyea Stock

Soyea Technology financial ratios help investors to determine whether Soyea 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 Soyea with respect to the benefits of owning Soyea Technology security.