Kingclean Electric (China) Market Value

603355 Stock   26.31  0.10  0.38%   
Kingclean Electric's market value is the price at which a share of Kingclean Electric trades on a public exchange. It measures the collective expectations of Kingclean Electric Co investors about its performance. Kingclean Electric is trading at 26.31 as of the 17th of March 2025, a 0.38 percent decrease since the beginning of the trading day. The stock's open price was 26.41.
With this module, you can estimate the performance of a buy and hold strategy of Kingclean Electric Co and determine expected loss or profit from investing in Kingclean Electric over a given investment horizon. Check out Kingclean Electric Correlation, Kingclean Electric Volatility and Kingclean Electric Alpha and Beta module to complement your research on Kingclean Electric.
Symbol

Please note, there is a significant difference between Kingclean Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kingclean Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kingclean Electric'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.

Kingclean Electric '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 Kingclean Electric'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 Kingclean Electric.
0.00
12/17/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/17/2025
0.00
If you would invest  0.00  in Kingclean Electric on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Kingclean Electric Co or generate 0.0% return on investment in Kingclean Electric over 90 days. Kingclean Electric is related to or competes with Luyin Investment, Wangneng Environment, Henan Shuanghui, Jiangsu Yanghe, Qiaoyin Environmental, Hunan Investment, and Science Environmental. More

Kingclean Electric 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 Kingclean Electric'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 Kingclean Electric Co upside and downside potential and time the market with a certain degree of confidence.

Kingclean Electric Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Kingclean Electric's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kingclean Electric's standard deviation. In reality, there are many statistical measures that can use Kingclean Electric historical prices to predict the future Kingclean Electric's volatility.
Hype
Prediction
LowEstimatedHigh
24.4626.2828.10
Details
Intrinsic
Valuation
LowRealHigh
23.6829.8131.63
Details
Naive
Forecast
LowNextHigh
24.7526.5728.38
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
24.5425.7927.05
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kingclean Electric. Your research has to be compared to or analyzed against Kingclean Electric's peers to derive any actionable benefits. When done correctly, Kingclean Electric'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 Kingclean Electric.

Kingclean Electric Backtested Returns

Kingclean Electric appears to be very steady, given 3 months investment horizon. Kingclean Electric has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Kingclean Electric, which you can use to evaluate the volatility of the firm. Please exercise Kingclean Electric's Downside Deviation of 1.73, risk adjusted performance of 0.1246, and Mean Deviation of 1.32 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Kingclean Electric holds a performance score of 10. The company secures a Beta (Market Risk) of -0.35, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kingclean Electric are expected to decrease at a much lower rate. During the bear market, Kingclean Electric is likely to outperform the market. Please check Kingclean Electric'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 Kingclean Electric's current price movements will revert.

Auto-correlation

    
  0.08  

Virtually no predictability

Kingclean Electric Co has virtually no predictability. Overlapping area represents the amount of predictability between Kingclean Electric time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Kingclean Electric price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Kingclean Electric price fluctuation can be explain by its past prices.
Correlation Coefficient0.08
Spearman Rank Test-0.09
Residual Average0.0
Price Variance1.28

Kingclean Electric lagged returns against current returns

Autocorrelation, which is Kingclean Electric 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 Kingclean Electric's stock expected returns. We can calculate the autocorrelation of Kingclean Electric returns to help us make a trade decision. For example, suppose you find that Kingclean Electric 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  

Kingclean Electric 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 Kingclean Electric stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kingclean Electric stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kingclean Electric stock over time.
   Current vs Lagged Prices   
       Timeline  

Kingclean Electric Lagged Returns

When evaluating Kingclean Electric's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kingclean Electric stock have on its future price. Kingclean Electric 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, Kingclean Electric autocorrelation shows the relationship between Kingclean Electric stock current value and its past values and can show if there is a momentum factor associated with investing in Kingclean Electric Co.
   Regressed Prices   
       Timeline  

Currently Active Assets on Macroaxis

Other Information on Investing in Kingclean Stock

Kingclean Electric financial ratios help investors to determine whether Kingclean 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 Kingclean with respect to the benefits of owning Kingclean Electric security.