Kangping Technology (China) Market Value
| 300907 Stock | 23.66 0.53 2.19% |
| Symbol | Kangping |
Kangping 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 Kangping 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 Kangping Technology.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Kangping Technology on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Kangping Technology Co or generate 0.0% return on investment in Kangping Technology over 30 days. Kangping Technology is related to or competes with Biwin Storage, PetroChina, Industrial, China Construction, China Petroleum, Agricultural Bank, and Bank of China. Kangping Technology is entity of China. It is traded as Stock on SHE exchange. More
Kangping 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 Kangping 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 Kangping Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.1781 | |||
| Maximum Drawdown | 25.23 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 4.88 |
Kangping Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kangping Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kangping Technology's standard deviation. In reality, there are many statistical measures that can use Kangping Technology historical prices to predict the future Kangping Technology's volatility.| Risk Adjusted Performance | 0.1724 | |||
| Jensen Alpha | 0.7362 | |||
| Total Risk Alpha | 0.2089 | |||
| Sortino Ratio | 0.2106 | |||
| Treynor Ratio | (2.61) |
Kangping Technology Backtested Returns
Kangping Technology appears to be not too volatile, given 3 months investment horizon. Kangping Technology has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Kangping Technology's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please exercise Kangping Technology's Mean Deviation of 2.1, risk adjusted performance of 0.1724, and Downside Deviation of 2.81 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kangping Technology holds a performance score of 14. The company secures a Beta (Market Risk) of -0.27, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Kangping Technology are expected to decrease at a much lower rate. During the bear market, Kangping Technology is likely to outperform the market. Please check Kangping 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 Kangping Technology's current price movements will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Kangping Technology Co has insignificant predictability. Overlapping area represents the amount of predictability between Kangping Technology time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Kangping Technology price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Kangping Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
Kangping Technology lagged returns against current returns
Autocorrelation, which is Kangping 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 Kangping Technology's stock expected returns. We can calculate the autocorrelation of Kangping Technology returns to help us make a trade decision. For example, suppose you find that Kangping 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 |
Kangping 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 Kangping Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kangping Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kangping Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Kangping Technology Lagged Returns
When evaluating Kangping Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kangping Technology stock have on its future price. Kangping 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, Kangping Technology autocorrelation shows the relationship between Kangping Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Kangping Technology Co.
Regressed Prices |
| Timeline |
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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 Kangping Stock
Kangping Technology financial ratios help investors to determine whether Kangping 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 Kangping with respect to the benefits of owning Kangping Technology security.