ROPEOK Technology (China) Market Value
| 688619 Stock | 9.36 0.27 2.97% |
| Symbol | ROPEOK |
ROPEOK 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 ROPEOK 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 ROPEOK Technology.
| 11/06/2023 |
| 12/30/2024 |
If you would invest 0.00 in ROPEOK Technology on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding ROPEOK Technology Group or generate 0.0% return on investment in ROPEOK Technology over 420 days. ROPEOK Technology is related to or competes with BeiGene, Kweichow Moutai, Beijing Roborock, G Bits, China Mobile, Jiangsu Bioperfectus, and Changchun High. ROPEOK Technology is entity of China. It is traded as Stock on SHG exchange. More
ROPEOK 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 ROPEOK 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 ROPEOK Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.28 | |||
| Information Ratio | 0.1721 | |||
| Maximum Drawdown | 28.36 | |||
| Value At Risk | (5.39) | |||
| Potential Upside | 6.44 |
ROPEOK Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ROPEOK Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ROPEOK Technology's standard deviation. In reality, there are many statistical measures that can use ROPEOK Technology historical prices to predict the future ROPEOK Technology's volatility.| Risk Adjusted Performance | 0.1512 | |||
| Jensen Alpha | 0.7855 | |||
| Total Risk Alpha | 0.663 | |||
| Sortino Ratio | 0.1788 | |||
| Treynor Ratio | 15.22 |
ROPEOK Technology Backtested Returns
At this point, ROPEOK Technology is slightly risky. ROPEOK Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0222, which implies the firm had a 0.0222% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for ROPEOK Technology, which you can use to evaluate the volatility of the company. Please check ROPEOK Technology's Market Risk Adjusted Performance of 15.23, risk adjusted performance of 0.1512, and Semi Deviation of 3.35 to confirm if the risk estimate we provide is consistent with the expected return of 0.0785%. ROPEOK Technology has a performance score of 1 on a scale of 0 to 100. The company holds a Beta of 0.0517, which implies not very significant fluctuations relative to the market. As returns on the market increase, ROPEOK Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding ROPEOK Technology is expected to be smaller as well. ROPEOK Technology presently holds a risk of 3.53%. Please check ROPEOK Technology jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to decide if ROPEOK Technology will be following its historical price patterns.
Auto-correlation | -0.51 |
Good reverse predictability
ROPEOK Technology Group has good reverse predictability. Overlapping area represents the amount of predictability between ROPEOK Technology time series from 6th of November 2023 to 3rd of June 2024 and 3rd of June 2024 to 30th 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 ROPEOK Technology price movement. The serial correlation of -0.51 indicates that about 51.0% of current ROPEOK Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
ROPEOK Technology lagged returns against current returns
Autocorrelation, which is ROPEOK 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 ROPEOK Technology's stock expected returns. We can calculate the autocorrelation of ROPEOK Technology returns to help us make a trade decision. For example, suppose you find that ROPEOK 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 |
ROPEOK 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 ROPEOK Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ROPEOK Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ROPEOK Technology stock over time.
Current vs Lagged Prices |
| Timeline |
ROPEOK Technology Lagged Returns
When evaluating ROPEOK Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ROPEOK Technology stock have on its future price. ROPEOK 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, ROPEOK Technology autocorrelation shows the relationship between ROPEOK Technology stock current value and its past values and can show if there is a momentum factor associated with investing in ROPEOK Technology Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in ROPEOK Stock
ROPEOK Technology financial ratios help investors to determine whether ROPEOK 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 ROPEOK with respect to the benefits of owning ROPEOK Technology security.