Longshine Technology's market value is the price at which a share of Longshine Technology trades on a public exchange. It measures the collective expectations of Longshine Technology Co investors about its performance. Longshine Technology is trading at 12.20 as of the 31st of December 2024, a 4.39 percent decrease since the beginning of the trading day. The stock's open price was 12.76. With this module, you can estimate the performance of a buy and hold strategy of Longshine Technology Co and determine expected loss or profit from investing in Longshine Technology over a given investment horizon. Check out Longshine Technology Correlation, Longshine Technology Volatility and Longshine Technology Alpha and Beta module to complement your research on Longshine Technology.
Please note, there is a significant difference between Longshine Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Longshine Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Longshine Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Longshine 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 Longshine 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 Longshine Technology.
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02/05/2024
No Change 0.00
0.0
In 10 months and 27 days
12/31/2024
0.00
If you would invest 0.00 in Longshine Technology on February 5, 2024 and sell it all today you would earn a total of 0.00 from holding Longshine Technology Co or generate 0.0% return on investment in Longshine Technology over 330 days. Longshine Technology is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Longshine Technology is entity of China. It is traded as Stock on SHE exchange. More
Longshine 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 Longshine 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 Longshine Technology Co upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longshine Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longshine Technology's standard deviation. In reality, there are many statistical measures that can use Longshine Technology historical prices to predict the future Longshine Technology's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Longshine Technology. Your research has to be compared to or analyzed against Longshine Technology's peers to derive any actionable benefits. When done correctly, Longshine Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Longshine Technology.
Longshine Technology Backtested Returns
Longshine Technology has Sharpe Ratio of -0.0338, which conveys that the firm had a -0.0338% return per unit of risk over the last 3 months. Longshine Technology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Longshine Technology's Risk Adjusted Performance of 0.1224, mean deviation of 3.41, and Downside Deviation of 4.56 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Longshine Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Longshine Technology is expected to be smaller as well. At this point, Longshine Technology has a negative expected return of -0.14%. Please make sure to verify Longshine Technology's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Longshine Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.84
Excellent reverse predictability
Longshine Technology Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Longshine Technology time series from 5th of February 2024 to 19th of July 2024 and 19th of July 2024 to 31st 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 Longshine Technology price movement. The serial correlation of -0.84 indicates that around 84.0% of current Longshine Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.84
Spearman Rank Test
-0.8
Residual Average
0.0
Price Variance
5.79
Longshine Technology lagged returns against current returns
Autocorrelation, which is Longshine 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 Longshine Technology's stock expected returns. We can calculate the autocorrelation of Longshine Technology returns to help us make a trade decision. For example, suppose you find that Longshine 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
Longshine 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 Longshine Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longshine Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longshine Technology stock over time.
Current vs Lagged Prices
Timeline
Longshine Technology Lagged Returns
When evaluating Longshine Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longshine Technology stock have on its future price. Longshine 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, Longshine Technology autocorrelation shows the relationship between Longshine Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Longshine Technology Co.
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.
Longshine Technology financial ratios help investors to determine whether Longshine 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 Longshine with respect to the benefits of owning Longshine Technology security.