Imeik Technology (China) Market Value
| 300896 Stock | 206.06 2.01 0.97% |
| Symbol | Imeik |
Imeik 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 Imeik 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 Imeik Technology.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in Imeik Technology on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding Imeik Technology Development or generate 0.0% return on investment in Imeik Technology over 720 days. Imeik Technology is related to or competes with Caihong Display, Dirui Industrial, Yoantion Industrial, Jiangxi Selon, Lonkey Industrial, Western Metal, and Zhengzhou Coal. Imeik Technology is entity of China. It is traded as Stock on SHE exchange. More
Imeik 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 Imeik 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 Imeik Technology Development upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | 0.1322 | |||
| Maximum Drawdown | 38.4 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 10.64 |
Imeik Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Imeik Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Imeik Technology's standard deviation. In reality, there are many statistical measures that can use Imeik Technology historical prices to predict the future Imeik Technology's volatility.| Risk Adjusted Performance | 0.1177 | |||
| Jensen Alpha | 0.7801 | |||
| Total Risk Alpha | 0.6445 | |||
| Sortino Ratio | 0.1767 | |||
| Treynor Ratio | 4.3 |
Imeik Technology Dev Backtested Returns
Imeik Technology appears to be very steady, given 3 months investment horizon. Imeik Technology Dev holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. By evaluating Imeik Technology's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please utilize Imeik Technology's Market Risk Adjusted Performance of 4.31, downside deviation of 4.33, and Risk Adjusted Performance of 0.1177 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Imeik Technology holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Imeik Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Imeik Technology is expected to be smaller as well. Please check Imeik Technology's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Imeik Technology's current trending patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Imeik Technology Development has very weak predictability. Overlapping area represents the amount of predictability between Imeik Technology time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Imeik Technology Dev price movement. The serial correlation of 0.17 indicates that over 17.0% of current Imeik Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 907.59 |
Imeik Technology Dev lagged returns against current returns
Autocorrelation, which is Imeik 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 Imeik Technology's stock expected returns. We can calculate the autocorrelation of Imeik Technology returns to help us make a trade decision. For example, suppose you find that Imeik 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 |
Imeik 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 Imeik Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Imeik Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Imeik Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Imeik Technology Lagged Returns
When evaluating Imeik Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Imeik Technology stock have on its future price. Imeik 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, Imeik Technology autocorrelation shows the relationship between Imeik Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Imeik Technology Development.
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 Imeik Stock
Imeik Technology financial ratios help investors to determine whether Imeik 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 Imeik with respect to the benefits of owning Imeik Technology security.