MayAir Technology (China) Market Value
| 688376 Stock | 39.26 0.01 0.03% |
| Symbol | MayAir |
MayAir 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 MayAir 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 MayAir Technology.
| 12/29/2024 |
| 02/27/2025 |
If you would invest 0.00 in MayAir Technology on December 29, 2024 and sell it all today you would earn a total of 0.00 from holding MayAir Technology Co or generate 0.0% return on investment in MayAir Technology over 60 days. MayAir Technology is related to or competes with Agricultural Bank, Industrial, Bank of China Limited, PetroChina, China Petroleum, Postal Savings, and China Telecom. MayAir Technology is entity of China. It is traded as Stock on SHG exchange. More
MayAir 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 MayAir 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 MayAir Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | 0.038 | |||
| Maximum Drawdown | 11.24 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.27 |
MayAir Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MayAir Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MayAir Technology's standard deviation. In reality, there are many statistical measures that can use MayAir Technology historical prices to predict the future MayAir Technology's volatility.| Risk Adjusted Performance | 0.0359 | |||
| Jensen Alpha | 0.0817 | |||
| Total Risk Alpha | 0.0995 | |||
| Sortino Ratio | 0.0418 | |||
| Treynor Ratio | 0.2447 |
MayAir Technology Backtested Returns
At this point, MayAir Technology is very steady. MayAir Technology has Sharpe Ratio of 0.0663, which conveys that the firm had a 0.0663 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MayAir Technology, which you can use to evaluate the volatility of the firm. Please verify MayAir Technology's Mean Deviation of 1.65, downside deviation of 2.06, and Risk Adjusted Performance of 0.0359 to check out if the risk estimate we provide is consistent with the expected return of 0.15%. MayAir Technology has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MayAir Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding MayAir Technology is expected to be smaller as well. MayAir Technology right now secures a risk of 2.24%. Please verify MayAir Technology Co total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if MayAir Technology Co will be following its current price movements.
Auto-correlation | 0.56 |
Modest predictability
MayAir Technology Co has modest predictability. Overlapping area represents the amount of predictability between MayAir Technology time series from 29th of December 2024 to 28th of January 2025 and 28th of January 2025 to 27th 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 MayAir Technology price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current MayAir Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 5.31 |
MayAir Technology lagged returns against current returns
Autocorrelation, which is MayAir 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 MayAir Technology's stock expected returns. We can calculate the autocorrelation of MayAir Technology returns to help us make a trade decision. For example, suppose you find that MayAir 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 |
MayAir 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 MayAir Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MayAir Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MayAir Technology stock over time.
Current vs Lagged Prices |
| Timeline |
MayAir Technology Lagged Returns
When evaluating MayAir Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MayAir Technology stock have on its future price. MayAir 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, MayAir Technology autocorrelation shows the relationship between MayAir Technology stock current value and its past values and can show if there is a momentum factor associated with investing in MayAir Technology Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MayAir Stock
MayAir Technology financial ratios help investors to determine whether MayAir 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 MayAir with respect to the benefits of owning MayAir Technology security.