Empyrean Technology (China) Market Value
| 301269 Stock | 129.42 5.77 4.67% |
| Symbol | Empyrean |
Empyrean 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 Empyrean 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 Empyrean Technology.
| 11/21/2024 |
| 12/21/2024 |
If you would invest 0.00 in Empyrean Technology on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding Empyrean Technology Co or generate 0.0% return on investment in Empyrean Technology over 30 days. Empyrean Technology is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Empyrean Technology is entity of China. It is traded as Stock on SHE exchange. More
Empyrean 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 Empyrean 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 Empyrean Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.33 | |||
| Information Ratio | 0.1692 | |||
| Maximum Drawdown | 31.3 | |||
| Value At Risk | (7.25) | |||
| Potential Upside | 13.01 |
Empyrean Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Empyrean Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Empyrean Technology's standard deviation. In reality, there are many statistical measures that can use Empyrean Technology historical prices to predict the future Empyrean Technology's volatility.| Risk Adjusted Performance | 0.147 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | 0.8684 | |||
| Sortino Ratio | 0.2343 | |||
| Treynor Ratio | 2.3 |
Empyrean Technology Backtested Returns
Empyrean Technology is very steady given 3 months investment horizon. Empyrean Technology secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.12% are justified by taking the suggested risk. Use Empyrean Technology Downside Deviation of 4.33, coefficient of variation of 572.81, and Mean Deviation of 4.11 to evaluate company specific risk that cannot be diversified away. Empyrean Technology holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.45, which means possible diversification benefits within a given portfolio. As returns on the market increase, Empyrean Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Empyrean Technology is expected to be smaller as well. Use Empyrean Technology standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Empyrean Technology.
Auto-correlation | -0.39 |
Poor reverse predictability
Empyrean Technology Co has poor reverse predictability. Overlapping area represents the amount of predictability between Empyrean Technology time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 Empyrean Technology price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Empyrean Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 11.22 |
Empyrean Technology lagged returns against current returns
Autocorrelation, which is Empyrean 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 Empyrean Technology's stock expected returns. We can calculate the autocorrelation of Empyrean Technology returns to help us make a trade decision. For example, suppose you find that Empyrean 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 |
Empyrean 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 Empyrean Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Empyrean Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Empyrean Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Empyrean Technology Lagged Returns
When evaluating Empyrean Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Empyrean Technology stock have on its future price. Empyrean 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, Empyrean Technology autocorrelation shows the relationship between Empyrean Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Empyrean 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.Other Information on Investing in Empyrean Stock
Empyrean Technology financial ratios help investors to determine whether Empyrean 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 Empyrean with respect to the benefits of owning Empyrean Technology security.