Elec Tech (China) Market Value
| 002005 Stock | 1.65 0.03 1.79% |
| Symbol | Elec |
Elec Tech '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 Elec Tech'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 Elec Tech.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Elec Tech on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Elec Tech International Co or generate 0.0% return on investment in Elec Tech over 30 days. Elec Tech is related to or competes with Zhengzhou Coal, Hubei Forbon, Shengda Mining, Montage Technology, Uroica Mining, Guangzhou KingTeller, and Chenzhou Jingui. Elec Tech is entity of China. It is traded as Stock on SHE exchange. More
Elec Tech 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 Elec Tech'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 Elec Tech International Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.1404 | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (4.82) | |||
| Potential Upside | 5.06 |
Elec Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elec Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elec Tech's standard deviation. In reality, there are many statistical measures that can use Elec Tech historical prices to predict the future Elec Tech's volatility.| Risk Adjusted Performance | 0.1326 | |||
| Jensen Alpha | 0.4515 | |||
| Total Risk Alpha | 0.3859 | |||
| Sortino Ratio | 0.1453 | |||
| Treynor Ratio | 1.1 |
Elec Tech International Backtested Returns
Elec Tech appears to be very risky, given 3 months investment horizon. Elec Tech International secures Sharpe Ratio (or Efficiency) of 0.17, which denotes the company had a 0.17 % return per unit of risk over the last 3 months. By reviewing Elec Tech's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Elec Tech's Mean Deviation of 2.58, downside deviation of 3.03, and Coefficient Of Variation of 667.34 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Elec Tech holds a performance score of 13. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elec Tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elec Tech is expected to be smaller as well. Please check Elec Tech's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Elec Tech's price patterns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
Elec Tech International Co has weak reverse predictability. Overlapping area represents the amount of predictability between Elec Tech time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 Elec Tech International price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Elec Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Elec Tech International lagged returns against current returns
Autocorrelation, which is Elec Tech 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 Elec Tech's stock expected returns. We can calculate the autocorrelation of Elec Tech returns to help us make a trade decision. For example, suppose you find that Elec Tech 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 |
Elec Tech 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 Elec Tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elec Tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elec Tech stock over time.
Current vs Lagged Prices |
| Timeline |
Elec Tech Lagged Returns
When evaluating Elec Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elec Tech stock have on its future price. Elec Tech 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, Elec Tech autocorrelation shows the relationship between Elec Tech stock current value and its past values and can show if there is a momentum factor associated with investing in Elec Tech International 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 Elec Stock
Elec Tech financial ratios help investors to determine whether Elec 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 Elec with respect to the benefits of owning Elec Tech security.