Loongson Technology (China) Market Value
| 688047 Stock | 137.86 1.86 1.37% |
| Symbol | Loongson |
Loongson 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 Loongson 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 Loongson Technology.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Loongson Technology on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Loongson Technology Corp or generate 0.0% return on investment in Loongson Technology over 90 days. Loongson Technology is related to or competes with Shenzhen Bioeasy, Anhui Tongguan, Western Metal, Maccura Biotechnology, Zhejiang Yongjin, Fujian Wanchen, and Sichuan Hebang. Loongson Technology is entity of China. It is traded as Stock on SHG exchange. More
Loongson 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 Loongson 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 Loongson Technology Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 14.75 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 4.95 |
Loongson Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Loongson Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Loongson Technology's standard deviation. In reality, there are many statistical measures that can use Loongson Technology historical prices to predict the future Loongson Technology's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | 0.1931 | |||
| Treynor Ratio | 0.2865 |
Loongson Technology Corp Backtested Returns
At this point, Loongson Technology is very steady. Loongson Technology Corp has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Loongson Technology, which you can use to evaluate the volatility of the firm. Please verify Loongson Technology's Mean Deviation of 2.17, standard deviation of 2.88, and Risk Adjusted Performance of (0.04) to check out if the risk estimate we provide is consistent with the expected return of 0.0094%. The company secures a Beta (Market Risk) of -0.58, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Loongson Technology are expected to decrease at a much lower rate. During the bear market, Loongson Technology is likely to outperform the market. Loongson Technology Corp right now secures a risk of 2.88%. Please verify Loongson Technology Corp total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Loongson Technology Corp will be following its current price movements.
Auto-correlation | -0.49 |
Modest reverse predictability
Loongson Technology Corp has modest reverse predictability. Overlapping area represents the amount of predictability between Loongson Technology 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 Loongson Technology Corp price movement. The serial correlation of -0.49 indicates that about 49.0% of current Loongson Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 19.57 |
Loongson Technology Corp lagged returns against current returns
Autocorrelation, which is Loongson 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 Loongson Technology's stock expected returns. We can calculate the autocorrelation of Loongson Technology returns to help us make a trade decision. For example, suppose you find that Loongson 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 |
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Loongson 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 Loongson Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Loongson Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Loongson Technology stock over time.
Current vs Lagged Prices |
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Loongson Technology Lagged Returns
When evaluating Loongson Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Loongson Technology stock have on its future price. Loongson 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, Loongson Technology autocorrelation shows the relationship between Loongson Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Loongson Technology Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Loongson Stock
Loongson Technology financial ratios help investors to determine whether Loongson 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 Loongson with respect to the benefits of owning Loongson Technology security.