Eoptolink Technology (China) Market Value
| 300502 Stock | 133.70 1.52 1.15% |
| Symbol | Eoptolink |
Eoptolink 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 Eoptolink 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 Eoptolink Technology.
| 12/29/2022 |
| 12/18/2024 |
If you would invest 0.00 in Eoptolink Technology on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding Eoptolink Technology or generate 0.0% return on investment in Eoptolink Technology over 720 days. Eoptolink Technology is related to or competes with Kingclean Electric, Beijing Jiaman, Shandong Polymer, Union Semiconductor, Linewell Software, Keda Clean, and Tianjin Ruixin. Eoptolink Technology is entity of China. It is traded as Stock on SHE exchange. More
Eoptolink 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 Eoptolink 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 Eoptolink Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.49 | |||
| Information Ratio | 0.1398 | |||
| Maximum Drawdown | 26.15 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 9.37 |
Eoptolink Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eoptolink Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eoptolink Technology's standard deviation. In reality, there are many statistical measures that can use Eoptolink Technology historical prices to predict the future Eoptolink Technology's volatility.| Risk Adjusted Performance | 0.1202 | |||
| Jensen Alpha | 0.7367 | |||
| Total Risk Alpha | 0.3432 | |||
| Sortino Ratio | 0.1898 | |||
| Treynor Ratio | (2.57) |
Eoptolink Technology Backtested Returns
Eoptolink Technology appears to be very steady, given 3 months investment horizon. Eoptolink Technology secures Sharpe Ratio (or Efficiency) of 0.13, which denotes the company had a 0.13% return per unit of risk over the last 3 months. By reviewing Eoptolink Technology's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Eoptolink Technology's Downside Deviation of 3.49, mean deviation of 3.34, and Coefficient Of Variation of 648.83 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eoptolink Technology holds a performance score of 10. The firm shows a Beta (market volatility) of -0.28, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Eoptolink Technology are expected to decrease at a much lower rate. During the bear market, Eoptolink Technology is likely to outperform the market. Please check Eoptolink Technology's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Eoptolink Technology's price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
Eoptolink Technology has modest predictability. Overlapping area represents the amount of predictability between Eoptolink Technology time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 Eoptolink Technology price movement. The serial correlation of 0.54 indicates that about 54.0% of current Eoptolink Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 791.54 |
Eoptolink Technology lagged returns against current returns
Autocorrelation, which is Eoptolink 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 Eoptolink Technology's stock expected returns. We can calculate the autocorrelation of Eoptolink Technology returns to help us make a trade decision. For example, suppose you find that Eoptolink 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 |
Eoptolink 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 Eoptolink Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eoptolink Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eoptolink Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Eoptolink Technology Lagged Returns
When evaluating Eoptolink Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eoptolink Technology stock have on its future price. Eoptolink 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, Eoptolink Technology autocorrelation shows the relationship between Eoptolink Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Eoptolink Technology.
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 Eoptolink Stock
Eoptolink Technology financial ratios help investors to determine whether Eoptolink 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 Eoptolink with respect to the benefits of owning Eoptolink Technology security.