Wuxi Dk's market value is the price at which a share of Wuxi Dk trades on a public exchange. It measures the collective expectations of Wuxi Dk Electronic investors about its performance. Wuxi Dk is trading at 40.31 as of the 8th of January 2025, a 0.93 percent increase since the beginning of the trading day. The stock's open price was 39.94. With this module, you can estimate the performance of a buy and hold strategy of Wuxi Dk Electronic and determine expected loss or profit from investing in Wuxi Dk over a given investment horizon. Check out Wuxi Dk Correlation, Wuxi Dk Volatility and Wuxi Dk Alpha and Beta module to complement your research on Wuxi Dk.
Please note, there is a significant difference between Wuxi Dk's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wuxi Dk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wuxi Dk'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.
Wuxi Dk '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 Wuxi Dk'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 Wuxi Dk.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Wuxi Dk'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 Wuxi Dk Electronic 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 Wuxi Dk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wuxi Dk's standard deviation. In reality, there are many statistical measures that can use Wuxi Dk historical prices to predict the future Wuxi Dk's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Wuxi Dk. Your research has to be compared to or analyzed against Wuxi Dk's peers to derive any actionable benefits. When done correctly, Wuxi Dk'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 Wuxi Dk Electronic.
Wuxi Dk Electronic Backtested Returns
Wuxi Dk Electronic shows Sharpe Ratio of -0.0081, which attests that the company had a -0.0081% return per unit of risk over the last 3 months. Wuxi Dk Electronic exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wuxi Dk's Market Risk Adjusted Performance of (0.55), mean deviation of 3.37, and Downside Deviation of 4.71 to validate the risk estimate we provide. The firm maintains a market beta of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wuxi Dk are expected to decrease at a much lower rate. During the bear market, Wuxi Dk is likely to outperform the market. At this point, Wuxi Dk Electronic has a negative expected return of -0.0299%. Please make sure to check out Wuxi Dk's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to decide if Wuxi Dk Electronic performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.41
Modest reverse predictability
Wuxi Dk Electronic has modest reverse predictability. Overlapping area represents the amount of predictability between Wuxi Dk time series from 19th of January 2023 to 14th of January 2024 and 14th of January 2024 to 8th of January 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 Wuxi Dk Electronic price movement. The serial correlation of -0.41 indicates that just about 41.0% of current Wuxi Dk price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.41
Spearman Rank Test
-0.07
Residual Average
0.0
Price Variance
51.94
Wuxi Dk Electronic lagged returns against current returns
Autocorrelation, which is Wuxi Dk 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 Wuxi Dk's stock expected returns. We can calculate the autocorrelation of Wuxi Dk returns to help us make a trade decision. For example, suppose you find that Wuxi Dk 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
Wuxi Dk 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 Wuxi Dk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wuxi Dk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wuxi Dk stock over time.
Current vs Lagged Prices
Timeline
Wuxi Dk Lagged Returns
When evaluating Wuxi Dk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wuxi Dk stock have on its future price. Wuxi Dk 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, Wuxi Dk autocorrelation shows the relationship between Wuxi Dk stock current value and its past values and can show if there is a momentum factor associated with investing in Wuxi Dk Electronic.
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.
Wuxi Dk financial ratios help investors to determine whether Wuxi 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 Wuxi with respect to the benefits of owning Wuxi Dk security.