Risuntek (China) Market Value
| 002981 Stock | 24.90 0.66 2.58% |
| Symbol | Risuntek |
Risuntek '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'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.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in Risuntek on August 30, 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 over 90 days. Risuntek is related to or competes with Chahua Modern, Ye Chiu, Gem Year, Lander Sports, Guangdong Jingyi, Chengtun Mining, and Qinghaihuading Industrial. Risuntek is entity of China. It is traded as Stock on SHE exchange. More
Risuntek 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'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.
| Downside Deviation | 3.89 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (6.18) | |||
| Potential Upside | 9.99 |
Risuntek Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Risuntek's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Risuntek's standard deviation. In reality, there are many statistical measures that can use Risuntek historical prices to predict the future Risuntek's volatility.| Risk Adjusted Performance | 0.1199 | |||
| Jensen Alpha | 0.6311 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1302 | |||
| Treynor Ratio | (7.79) |
Risuntek Backtested Returns
Risuntek appears to be somewhat reliable, given 3 months investment horizon. Risuntek maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Risuntek, which you can use to evaluate the volatility of the company. Please evaluate Risuntek's Coefficient Of Variation of 686.0, risk adjusted performance of 0.1199, and Semi Deviation of 3.56 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Risuntek holds a performance score of 8. The company holds a Beta of -0.0798, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Risuntek are expected to decrease at a much lower rate. During the bear market, Risuntek is likely to outperform the market. Please check Risuntek's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to make a quick decision on whether Risuntek's historical price patterns will revert.
Auto-correlation | 0.78 |
Good predictability
Risuntek has good predictability. Overlapping area represents the amount of predictability between Risuntek time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th 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 Risuntek price movement. The serial correlation of 0.78 indicates that around 78.0% of current Risuntek price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 1.97 |
Risuntek lagged returns against current returns
Autocorrelation, which is Risuntek 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's stock expected returns. We can calculate the autocorrelation of Risuntek returns to help us make a trade decision. For example, suppose you find that Risuntek 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 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Risuntek stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Risuntek stock over time.
Current vs Lagged Prices |
| Timeline |
Risuntek Lagged Returns
When evaluating Risuntek's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Risuntek stock have on its future price. Risuntek 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 autocorrelation shows the relationship between Risuntek 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 Stock
Risuntek financial ratios help investors to determine whether Risuntek 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 with respect to the benefits of owning Risuntek security.