Montage Technology (China) Market Value
| 688008 Stock | 75.48 4.51 5.64% |
| Symbol | Montage |
Montage 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 Montage 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 Montage Technology.
| 07/02/2024 |
| 12/29/2024 |
If you would invest 0.00 in Montage Technology on July 2, 2024 and sell it all today you would earn a total of 0.00 from holding Montage Technology Co or generate 0.0% return on investment in Montage Technology over 180 days. Montage Technology is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Montage Technology is entity of China. It is traded as Stock on SHG exchange. More
Montage 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 Montage 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 Montage Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.52 | |||
| Information Ratio | 0.1429 | |||
| Maximum Drawdown | 29.6 | |||
| Value At Risk | (5.64) | |||
| Potential Upside | 10.59 |
Montage Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Montage Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Montage Technology's standard deviation. In reality, there are many statistical measures that can use Montage Technology historical prices to predict the future Montage Technology's volatility.| Risk Adjusted Performance | 0.1274 | |||
| Jensen Alpha | 0.7491 | |||
| Total Risk Alpha | 0.6081 | |||
| Sortino Ratio | 0.2065 | |||
| Treynor Ratio | 24.75 |
Montage Technology Backtested Returns
Montage Technology appears to be very steady, given 3 months investment horizon. Montage Technology has Sharpe Ratio of 0.0646, which conveys that the firm had a 0.0646% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Montage Technology, which you can use to evaluate the volatility of the firm. Please exercise Montage Technology's Risk Adjusted Performance of 0.1274, downside deviation of 3.52, and Mean Deviation of 3.43 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Montage Technology holds a performance score of 5. The company secures a Beta (Market Risk) of 0.0303, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Montage Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Montage Technology is expected to be smaller as well. Please check Montage 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 Montage Technology's current price movements will revert.
Auto-correlation | -0.33 |
Poor reverse predictability
Montage Technology Co has poor reverse predictability. Overlapping area represents the amount of predictability between Montage Technology time series from 2nd of July 2024 to 30th of September 2024 and 30th of September 2024 to 29th 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 Montage Technology price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Montage Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 15.16 |
Montage Technology lagged returns against current returns
Autocorrelation, which is Montage 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 Montage Technology's stock expected returns. We can calculate the autocorrelation of Montage Technology returns to help us make a trade decision. For example, suppose you find that Montage 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 |
Montage 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 Montage Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Montage Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Montage Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Montage Technology Lagged Returns
When evaluating Montage Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Montage Technology stock have on its future price. Montage 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, Montage Technology autocorrelation shows the relationship between Montage Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Montage Technology Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Montage Stock
Montage Technology financial ratios help investors to determine whether Montage 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 Montage with respect to the benefits of owning Montage Technology security.