Risuntek Inc (China) Market Value
| 002981 Stock | 24.34 0.96 4.11% |
| Symbol | Risuntek Inc |
Risuntek Inc '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 Risuntek Inc'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 Risuntek Inc.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Risuntek Inc on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Risuntek or generate 0.0% return on investment in Risuntek Inc over 90 days. Risuntek Inc is related to or competes with Shenzhen, Bloomage Biotechnology Co, Shanghai Yaoji, Shandong Publishing, Ningbo MedicalSystem, Shenzhen Bioeasy, and Jiangsu GDK. More
Risuntek Inc 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 Risuntek Inc'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 Risuntek upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0237 | |||
| Maximum Drawdown | 9.0 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 3.63 |
Risuntek Inc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Risuntek Inc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Risuntek Inc's standard deviation. In reality, there are many statistical measures that can use Risuntek Inc historical prices to predict the future Risuntek Inc's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.2449 | |||
| Treynor Ratio | 0.1495 |
Risuntek Inc Backtested Returns
Risuntek Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.018, which implies the firm had a -0.018 % return per unit of risk over the last 3 months. Risuntek Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Risuntek Inc's Risk Adjusted Performance of (0.01), coefficient of variation of (5,563), and Variance of 5.65 to confirm the risk estimate we provide. The company holds a Beta of -0.35, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Risuntek Inc are expected to decrease at a much lower rate. During the bear market, Risuntek Inc is likely to outperform the market. At this point, Risuntek Inc has a negative expected return of -0.0427%. Please make sure to check Risuntek Inc's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Risuntek Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Risuntek has virtually no predictability. Overlapping area represents the amount of predictability between Risuntek Inc 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 Risuntek Inc price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Risuntek Inc price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Risuntek Inc lagged returns against current returns
Autocorrelation, which is Risuntek Inc 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 Risuntek Inc's stock expected returns. We can calculate the autocorrelation of Risuntek Inc returns to help us make a trade decision. For example, suppose you find that Risuntek Inc 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 |
Risuntek Inc 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 Risuntek Inc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Risuntek Inc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Risuntek Inc stock over time.
Current vs Lagged Prices |
| Timeline |
Risuntek Inc Lagged Returns
When evaluating Risuntek Inc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Risuntek Inc stock have on its future price. Risuntek Inc 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, Risuntek Inc autocorrelation shows the relationship between Risuntek Inc stock current value and its past values and can show if there is a momentum factor associated with investing in Risuntek.
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 Risuntek Inc Stock
Risuntek Inc financial ratios help investors to determine whether Risuntek Inc 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 Risuntek Inc with respect to the benefits of owning Risuntek Inc security.