King-Strong New (China) Market Value
| 300629 Stock | 22.67 0.25 1.09% |
| Symbol | King-Strong |
King-Strong New '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 King-Strong New'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 King-Strong New.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in King-Strong New on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding King Strong New Material or generate 0.0% return on investment in King-Strong New over 90 days. King-Strong New is related to or competes with Heilongjiang Transport, Huawen Media, Fujian Longzhou, Yonghui Superstores, Metro Investment, China World, and Lander Sports. More
King-Strong New 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 King-Strong New'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 King Strong New Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.0438 | |||
| Maximum Drawdown | 9.84 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 3.86 |
King-Strong New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for King-Strong New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as King-Strong New's standard deviation. In reality, there are many statistical measures that can use King-Strong New historical prices to predict the future King-Strong New's volatility.| Risk Adjusted Performance | 0.0144 | |||
| Jensen Alpha | (0.0007) | |||
| Total Risk Alpha | 0.2872 | |||
| Sortino Ratio | 0.0345 | |||
| Treynor Ratio | (0.09) |
King Strong New Backtested Returns
At this point, King-Strong New is not too volatile. King Strong New has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. We have found thirty technical indicators for King-Strong New, which you can use to evaluate the volatility of the firm. Please verify King-Strong New's Downside Deviation of 3.17, risk adjusted performance of 0.0144, and Mean Deviation of 1.88 to check out if the risk estimate we provide is consistent with the expected return of 0.0225%. The company secures a Beta (Market Risk) of -0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning King-Strong New are expected to decrease at a much lower rate. During the bear market, King-Strong New is likely to outperform the market. King Strong New right now secures a risk of 2.5%. Please verify King Strong New Material standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if King Strong New Material will be following its current price movements.
Auto-correlation | -0.54 |
Good reverse predictability
King Strong New Material has good reverse predictability. Overlapping area represents the amount of predictability between King-Strong New time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th 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 King Strong New price movement. The serial correlation of -0.54 indicates that about 54.0% of current King-Strong New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
King Strong New lagged returns against current returns
Autocorrelation, which is King-Strong New 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 King-Strong New's stock expected returns. We can calculate the autocorrelation of King-Strong New returns to help us make a trade decision. For example, suppose you find that King-Strong New 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 |
King-Strong New 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 King-Strong New stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if King-Strong New stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in King-Strong New stock over time.
Current vs Lagged Prices |
| Timeline |
King-Strong New Lagged Returns
When evaluating King-Strong New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of King-Strong New stock have on its future price. King-Strong New 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, King-Strong New autocorrelation shows the relationship between King-Strong New stock current value and its past values and can show if there is a momentum factor associated with investing in King Strong New Material.
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 King-Strong Stock
King-Strong New financial ratios help investors to determine whether King-Strong 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 King-Strong with respect to the benefits of owning King-Strong New security.