Lutian Machinery (China) Market Value
| 605259 Stock | 17.38 0.45 2.66% |
| Symbol | Lutian |
Lutian Machinery '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 Lutian Machinery'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 Lutian Machinery.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Lutian Machinery on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Lutian Machinery Co or generate 0.0% return on investment in Lutian Machinery over 90 days. Lutian Machinery is related to or competes with Nanjing Putian, Hangzhou Minsheng, Sanbo Hospital, Aier Eye, Shanghai Rongtai, Eastern Communications, and Meinian Onehealth. Lutian Machinery is entity of China. It is traded as Stock on SHG exchange. More
Lutian Machinery 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 Lutian Machinery'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 Lutian Machinery Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.1343 | |||
| Maximum Drawdown | 7.85 | |||
| Value At Risk | (2.60) | |||
| Potential Upside | 2.73 |
Lutian Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lutian Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lutian Machinery's standard deviation. In reality, there are many statistical measures that can use Lutian Machinery historical prices to predict the future Lutian Machinery's volatility.| Risk Adjusted Performance | 0.0689 | |||
| Jensen Alpha | 0.0791 | |||
| Total Risk Alpha | 0.3158 | |||
| Sortino Ratio | 0.1418 | |||
| Treynor Ratio | (0.38) |
Lutian Machinery Backtested Returns
Lutian Machinery appears to be very steady, given 3 months investment horizon. Lutian Machinery has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lutian Machinery, which you can use to evaluate the volatility of the firm. Please exercise Lutian Machinery's Risk Adjusted Performance of 0.0689, downside deviation of 1.55, and Mean Deviation of 1.27 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lutian Machinery holds a performance score of 9. The company secures a Beta (Market Risk) of -0.29, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lutian Machinery are expected to decrease at a much lower rate. During the bear market, Lutian Machinery is likely to outperform the market. Please check Lutian Machinery's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Lutian Machinery's current price movements will revert.
Auto-correlation | 0.51 |
Modest predictability
Lutian Machinery Co has modest predictability. Overlapping area represents the amount of predictability between Lutian Machinery 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 Lutian Machinery price movement. The serial correlation of 0.51 indicates that about 51.0% of current Lutian Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Lutian Machinery lagged returns against current returns
Autocorrelation, which is Lutian Machinery 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 Lutian Machinery's stock expected returns. We can calculate the autocorrelation of Lutian Machinery returns to help us make a trade decision. For example, suppose you find that Lutian Machinery 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 |
Lutian Machinery 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 Lutian Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lutian Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lutian Machinery stock over time.
Current vs Lagged Prices |
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Lutian Machinery Lagged Returns
When evaluating Lutian Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lutian Machinery stock have on its future price. Lutian Machinery 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, Lutian Machinery autocorrelation shows the relationship between Lutian Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Lutian Machinery Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Lutian Stock
Lutian Machinery financial ratios help investors to determine whether Lutian 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 Lutian with respect to the benefits of owning Lutian Machinery security.