EmbedWay TechCorp (China) Market Value
| 603496 Stock | 24.93 0.13 0.52% |
| Symbol | EmbedWay |
EmbedWay TechCorp '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 EmbedWay TechCorp'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 EmbedWay TechCorp.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in EmbedWay TechCorp on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding EmbedWay TechCorp or generate 0.0% return on investment in EmbedWay TechCorp over 30 days. EmbedWay TechCorp is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. EmbedWay TechCorp is entity of China. It is traded as Stock on SHG exchange. More
EmbedWay TechCorp 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 EmbedWay TechCorp'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 EmbedWay TechCorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.71 | |||
| Information Ratio | 0.1075 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (6.33) | |||
| Potential Upside | 8.16 |
EmbedWay TechCorp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EmbedWay TechCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EmbedWay TechCorp's standard deviation. In reality, there are many statistical measures that can use EmbedWay TechCorp historical prices to predict the future EmbedWay TechCorp's volatility.| Risk Adjusted Performance | 0.1031 | |||
| Jensen Alpha | 0.4315 | |||
| Total Risk Alpha | 0.283 | |||
| Sortino Ratio | 0.1124 | |||
| Treynor Ratio | 0.7867 |
EmbedWay TechCorp Backtested Returns
EmbedWay TechCorp appears to be not too volatile, given 3 months investment horizon. EmbedWay TechCorp secures Sharpe Ratio (or Efficiency) of 0.0646, which denotes the company had a 0.0646% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for EmbedWay TechCorp, which you can use to evaluate the volatility of the firm. Please utilize EmbedWay TechCorp's Mean Deviation of 2.89, semi deviation of 3.46, and Downside Deviation of 3.71 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EmbedWay TechCorp holds a performance score of 5. The firm shows a Beta (market volatility) of 0.57, which means possible diversification benefits within a given portfolio. As returns on the market increase, EmbedWay TechCorp's returns are expected to increase less than the market. However, during the bear market, the loss of holding EmbedWay TechCorp is expected to be smaller as well. Please check EmbedWay TechCorp's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether EmbedWay TechCorp's price patterns will revert.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
EmbedWay TechCorp has almost perfect reverse predictability. Overlapping area represents the amount of predictability between EmbedWay TechCorp time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 EmbedWay TechCorp price movement. The serial correlation of -0.77 indicates that around 77.0% of current EmbedWay TechCorp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
EmbedWay TechCorp lagged returns against current returns
Autocorrelation, which is EmbedWay TechCorp 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 EmbedWay TechCorp's stock expected returns. We can calculate the autocorrelation of EmbedWay TechCorp returns to help us make a trade decision. For example, suppose you find that EmbedWay TechCorp 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 |
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EmbedWay TechCorp 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 EmbedWay TechCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EmbedWay TechCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EmbedWay TechCorp stock over time.
Current vs Lagged Prices |
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EmbedWay TechCorp Lagged Returns
When evaluating EmbedWay TechCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EmbedWay TechCorp stock have on its future price. EmbedWay TechCorp 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, EmbedWay TechCorp autocorrelation shows the relationship between EmbedWay TechCorp stock current value and its past values and can show if there is a momentum factor associated with investing in EmbedWay TechCorp.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in EmbedWay Stock
EmbedWay TechCorp financial ratios help investors to determine whether EmbedWay 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 EmbedWay with respect to the benefits of owning EmbedWay TechCorp security.