Kontour Medical (China) Market Value
| 688314 Stock | 30.38 3.13 9.34% |
| Symbol | Kontour |
Kontour Medical '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 Kontour Medical'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 Kontour Medical.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Kontour Medical on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Kontour Medical Technology or generate 0.0% return on investment in Kontour Medical over 30 days. Kontour Medical is related to or competes with Jiangxi Lianchuang, Techshine Electronics, Dongguan Tarry, Sihui Fuji, LianChuang Electronic, Dazhong Transportation, and Shandong Hongchuang. Kontour Medical is entity of China. It is traded as Stock on SHG exchange. More
Kontour Medical 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 Kontour Medical'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 Kontour Medical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.9 | |||
| Information Ratio | 0.0455 | |||
| Maximum Drawdown | 14.32 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 3.27 |
Kontour Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kontour Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kontour Medical's standard deviation. In reality, there are many statistical measures that can use Kontour Medical historical prices to predict the future Kontour Medical's volatility.| Risk Adjusted Performance | 0.0383 | |||
| Jensen Alpha | 0.1138 | |||
| Total Risk Alpha | 0.2261 | |||
| Sortino Ratio | 0.0509 | |||
| Treynor Ratio | (0.26) |
Kontour Medical Tech Backtested Returns
At this point, Kontour Medical is not too volatile. Kontour Medical Tech has Sharpe Ratio of 0.0189, which conveys that the firm had a 0.0189 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Kontour Medical, which you can use to evaluate the volatility of the firm. Please verify Kontour Medical's Mean Deviation of 2.08, downside deviation of 2.9, and Risk Adjusted Performance of 0.0383 to check out if the risk estimate we provide is consistent with the expected return of 0.0616%. Kontour Medical has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Kontour Medical are expected to decrease at a much lower rate. During the bear market, Kontour Medical is likely to outperform the market. Kontour Medical Tech right now secures a risk of 3.26%. Please verify Kontour Medical Technology standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Kontour Medical Technology will be following its current price movements.
Auto-correlation | -0.52 |
Good reverse predictability
Kontour Medical Technology has good reverse predictability. Overlapping area represents the amount of predictability between Kontour Medical time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Kontour Medical Tech price movement. The serial correlation of -0.52 indicates that about 52.0% of current Kontour Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3.69 |
Kontour Medical Tech lagged returns against current returns
Autocorrelation, which is Kontour Medical 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 Kontour Medical's stock expected returns. We can calculate the autocorrelation of Kontour Medical returns to help us make a trade decision. For example, suppose you find that Kontour Medical 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 |
Kontour Medical 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 Kontour Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kontour Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kontour Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Kontour Medical Lagged Returns
When evaluating Kontour Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kontour Medical stock have on its future price. Kontour Medical 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, Kontour Medical autocorrelation shows the relationship between Kontour Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Kontour Medical Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Kontour Stock
Kontour Medical financial ratios help investors to determine whether Kontour 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 Kontour with respect to the benefits of owning Kontour Medical security.