Maxvision Technology (China) Market Value
| 002990 Stock | 23.84 0.06 0.25% |
| Symbol | Maxvision |
Maxvision 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 Maxvision 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 Maxvision Technology.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Maxvision Technology on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Maxvision Technology Corp or generate 0.0% return on investment in Maxvision Technology over 570 days. Maxvision Technology is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, Beijing Roborock, and Beijing Kingsoft. Maxvision Technology is entity of China. It is traded as Stock on SHE exchange. More
Maxvision 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 Maxvision 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 Maxvision Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.05 | |||
| Information Ratio | 0.1094 | |||
| Maximum Drawdown | 19.99 | |||
| Value At Risk | (4.64) | |||
| Potential Upside | 7.23 |
Maxvision Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maxvision Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maxvision Technology's standard deviation. In reality, there are many statistical measures that can use Maxvision Technology historical prices to predict the future Maxvision Technology's volatility.| Risk Adjusted Performance | 0.1197 | |||
| Jensen Alpha | 0.5005 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1225 | |||
| Treynor Ratio | (4.85) |
Maxvision Technology Corp Backtested Returns
Maxvision Technology appears to be not too volatile, given 3 months investment horizon. Maxvision Technology Corp has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Maxvision Technology's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Maxvision Technology's Risk Adjusted Performance of 0.1197, mean deviation of 2.58, and Downside Deviation of 3.05 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maxvision Technology holds a performance score of 12. The company secures a Beta (Market Risk) of -0.1, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Maxvision Technology are expected to decrease at a much lower rate. During the bear market, Maxvision Technology is likely to outperform the market. Please check Maxvision Technology's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Maxvision Technology's current price movements will revert.
Auto-correlation | 0.32 |
Below average predictability
Maxvision Technology Corp has below average predictability. Overlapping area represents the amount of predictability between Maxvision Technology time series from 9th of May 2023 to 18th of February 2024 and 18th of February 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 Maxvision Technology Corp price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Maxvision Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 6.24 |
Maxvision Technology Corp lagged returns against current returns
Autocorrelation, which is Maxvision 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 Maxvision Technology's stock expected returns. We can calculate the autocorrelation of Maxvision Technology returns to help us make a trade decision. For example, suppose you find that Maxvision 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 |
Maxvision 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 Maxvision Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maxvision Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maxvision Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Maxvision Technology Lagged Returns
When evaluating Maxvision Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maxvision Technology stock have on its future price. Maxvision 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, Maxvision Technology autocorrelation shows the relationship between Maxvision Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Maxvision Technology Corp.
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 Maxvision Stock
Maxvision Technology financial ratios help investors to determine whether Maxvision 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 Maxvision with respect to the benefits of owning Maxvision Technology security.