Montage Technology (China) Market Value

688008 Stock   73.31  3.31  4.73%   
Montage Technology's market value is the price at which a share of Montage Technology trades on a public exchange. It measures the collective expectations of Montage Technology Co investors about its performance. Montage Technology is trading at 73.31 as of the 17th of February 2025, a 4.73 percent increase since the beginning of the trading day. The stock's open price was 70.0.
With this module, you can estimate the performance of a buy and hold strategy of Montage Technology Co and determine expected loss or profit from investing in Montage Technology over a given investment horizon. Check out Montage Technology Correlation, Montage Technology Volatility and Montage Technology Alpha and Beta module to complement your research on Montage Technology.
Symbol

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

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.
0.00
12/19/2024
No Change 0.00  0.0 
In 2 months and 2 days
02/17/2025
0.00
If you would invest  0.00  in Montage Technology on December 19, 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 60 days. Montage Technology is related to or competes with Anhui Gujing, Winall Hi, Fiberhome Telecommunicatio, Strait Innovation, Jilin Jlu, Fujian Newland, and Zhejiang JIULI. 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.

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.
Hype
Prediction
LowEstimatedHigh
69.8672.7975.72
Details
Intrinsic
Valuation
LowRealHigh
57.7660.6980.64
Details
Naive
Forecast
LowNextHigh
69.1772.1075.04
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details

Montage Technology Backtested Returns

At this point, Montage Technology is very steady. Montage Technology has Sharpe Ratio of 0.0571, which conveys that the firm had a 0.0571 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Montage Technology, which you can use to evaluate the volatility of the firm. Please verify Montage Technology's Risk Adjusted Performance of 0.0418, downside deviation of 2.93, and Mean Deviation of 2.43 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. Montage Technology has a performance score of 4 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Montage Technology are expected to decrease at a much lower rate. During the bear market, Montage Technology is likely to outperform the market. Montage Technology right now secures a risk of 2.93%. Please verify Montage Technology Co standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Montage Technology Co will be following its current price movements.

Auto-correlation

    
  -0.72  

Almost perfect reverse predictability

Montage Technology Co has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Montage Technology time series from 19th of December 2024 to 18th of January 2025 and 18th of January 2025 to 17th of February 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 Montage Technology price movement. The serial correlation of -0.72 indicates that around 72.0% of current Montage Technology price fluctuation can be explain by its past prices.
Correlation Coefficient-0.72
Spearman Rank Test-0.25
Residual Average0.0
Price Variance3.05
Montage ReturnsMontage Lagged ReturnsDiversified AwayMontage ReturnsMontage Lagged ReturnsDiversified Away100%

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   
JavaScript chart by amCharts 3.21.15Jan 20Jan 24Jan 28FebFeb 05Feb 09Feb 13Feb 17-10%-5%0%5%10% 50100200300400500600700800
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       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   
JavaScript chart by amCharts 3.21.15Jan 20Jan 24Jan 28FebFeb 05Feb 09Feb 13Feb 1767686970717273
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression 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   
JavaScript chart by amCharts 3.21.15Dec 23Dec 30JanJan 13Jan 20Jan 27FebFeb 10Feb 1762646668707274767880
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       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.

Trending Assets

300597
Jilin Jlu Communication
9.45  0.17  1.83 
300087
Winall Hi tech
10.54  -0.05  -0.47 
000997
Fujian Newland Computer
24.13  0.89  3.83 
002318
Zhejiang JIULI Hi
23.54  -0.24  -1.01 
News Freq…Investor S…