Holitech Technology (China) Market Value
| 002217 Stock | 2.30 0.02 0.86% |
| Symbol | Holitech |
Holitech 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 Holitech 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 Holitech Technology.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Holitech Technology on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Holitech Technology Co or generate 0.0% return on investment in Holitech Technology over 30 days. Holitech Technology is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, Beijing Roborock, and Beijing Kingsoft. Holitech Technology is entity of China. It is traded as Stock on SHE exchange. More
Holitech 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 Holitech 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 Holitech Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.33 | |||
| Information Ratio | 0.2682 | |||
| Maximum Drawdown | 10.65 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.19 |
Holitech Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Holitech Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Holitech Technology's standard deviation. In reality, there are many statistical measures that can use Holitech Technology historical prices to predict the future Holitech Technology's volatility.| Risk Adjusted Performance | 0.2416 | |||
| Jensen Alpha | 1.0 | |||
| Total Risk Alpha | 0.514 | |||
| Sortino Ratio | 0.273 | |||
| Treynor Ratio | 5.54 |
Holitech Technology Backtested Returns
Holitech Technology is very risky given 3 months investment horizon. Holitech Technology holds Efficiency (Sharpe) Ratio of 0.3, which attests that the entity had a 0.3% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Holitech Technology Co Downside Deviation of 3.33, risk adjusted performance of 0.2416, and Market Risk Adjusted Performance of 5.55 to evaluate company specific risk that cannot be diversified away. Holitech Technology holds a performance score of 23 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Holitech Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Holitech Technology is expected to be smaller as well. Use Holitech Technology Co semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to analyze future returns on Holitech Technology Co.
Auto-correlation | -0.56 |
Good reverse predictability
Holitech Technology Co has good reverse predictability. Overlapping area represents the amount of predictability between Holitech Technology time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Holitech Technology price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Holitech Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Holitech Technology lagged returns against current returns
Autocorrelation, which is Holitech 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 Holitech Technology's stock expected returns. We can calculate the autocorrelation of Holitech Technology returns to help us make a trade decision. For example, suppose you find that Holitech 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 |
Holitech 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 Holitech Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Holitech Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Holitech Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Holitech Technology Lagged Returns
When evaluating Holitech Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Holitech Technology stock have on its future price. Holitech 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, Holitech Technology autocorrelation shows the relationship between Holitech Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Holitech Technology 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 Holitech Stock
Holitech Technology financial ratios help investors to determine whether Holitech 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 Holitech with respect to the benefits of owning Holitech Technology security.