Leaguer Shenzhen (China) Market Value
| 688589 Stock | 27.74 0.67 2.48% |
| Symbol | Leaguer |
Leaguer Shenzhen '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 Leaguer Shenzhen'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 Leaguer Shenzhen.
| 09/20/2024 |
| 12/19/2024 |
If you would invest 0.00 in Leaguer Shenzhen on September 20, 2024 and sell it all today you would earn a total of 0.00 from holding Leaguer Shenzhen MicroElectronics or generate 0.0% return on investment in Leaguer Shenzhen over 90 days. Leaguer Shenzhen is related to or competes with Nanjing Putian, Tianjin Realty, Kangyue Technology, Shenzhen Hifuture, Shenzhen Changfang, Jiangsu Xinning, and Hubei Geoway. Leaguer Shenzhen is entity of China. It is traded as Stock on SHG exchange. More
Leaguer Shenzhen 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 Leaguer Shenzhen'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 Leaguer Shenzhen MicroElectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | 0.1394 | |||
| Maximum Drawdown | 27.59 | |||
| Value At Risk | (5.86) | |||
| Potential Upside | 6.43 |
Leaguer Shenzhen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leaguer Shenzhen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leaguer Shenzhen's standard deviation. In reality, there are many statistical measures that can use Leaguer Shenzhen historical prices to predict the future Leaguer Shenzhen's volatility.| Risk Adjusted Performance | 0.1242 | |||
| Jensen Alpha | 0.6501 | |||
| Total Risk Alpha | 0.5403 | |||
| Sortino Ratio | 0.1844 | |||
| Treynor Ratio | (11.06) |
Leaguer Shenzhen Mic Backtested Returns
Leaguer Shenzhen appears to be somewhat reliable, given 3 months investment horizon. Leaguer Shenzhen Mic has Sharpe Ratio of 0.17, which conveys that the firm had a 0.17% return per unit of risk over the last 3 months. By analyzing Leaguer Shenzhen's technical indicators, you can evaluate if the expected return of 0.81% is justified by implied risk. Please exercise Leaguer Shenzhen's Downside Deviation of 3.42, risk adjusted performance of 0.1242, and Mean Deviation of 2.84 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Leaguer Shenzhen holds a performance score of 13. The company secures a Beta (Market Risk) of -0.0587, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Leaguer Shenzhen are expected to decrease at a much lower rate. During the bear market, Leaguer Shenzhen is likely to outperform the market. Please check Leaguer Shenzhen's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Leaguer Shenzhen's current price movements will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Leaguer Shenzhen MicroElectronics has weak reverse predictability. Overlapping area represents the amount of predictability between Leaguer Shenzhen time series from 20th of September 2024 to 4th of November 2024 and 4th of November 2024 to 19th 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 Leaguer Shenzhen Mic price movement. The serial correlation of -0.21 indicates that over 21.0% of current Leaguer Shenzhen price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.98 |
Leaguer Shenzhen Mic lagged returns against current returns
Autocorrelation, which is Leaguer Shenzhen 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 Leaguer Shenzhen's stock expected returns. We can calculate the autocorrelation of Leaguer Shenzhen returns to help us make a trade decision. For example, suppose you find that Leaguer Shenzhen 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 |
Leaguer Shenzhen 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 Leaguer Shenzhen stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leaguer Shenzhen stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leaguer Shenzhen stock over time.
Current vs Lagged Prices |
| Timeline |
Leaguer Shenzhen Lagged Returns
When evaluating Leaguer Shenzhen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leaguer Shenzhen stock have on its future price. Leaguer Shenzhen 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, Leaguer Shenzhen autocorrelation shows the relationship between Leaguer Shenzhen stock current value and its past values and can show if there is a momentum factor associated with investing in Leaguer Shenzhen MicroElectronics.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Leaguer Stock
Leaguer Shenzhen financial ratios help investors to determine whether Leaguer 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 Leaguer with respect to the benefits of owning Leaguer Shenzhen security.