Savmobi Technology Stock Market Value
| SVMB Stock | USD 2.63 0.63 31.50% |
| Symbol | SavMobi |
SavMobi 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 SavMobi Technology's pink sheet 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 SavMobi Technology.
| 11/29/2024 |
| 12/29/2024 |
If you would invest 0.00 in SavMobi Technology on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding SavMobi Technology or generate 0.0% return on investment in SavMobi Technology over 30 days. SavMobi Technology is related to or competes with Embrace Change. SavMobi Technology Inc. provides commercial mobile technical support services in China More
SavMobi 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 SavMobi Technology's pink sheet 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 SavMobi Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 68.57 | |||
| Value At Risk | (11.76) | |||
| Potential Upside | 12.0 |
SavMobi Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for SavMobi Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as SavMobi Technology's standard deviation. In reality, there are many statistical measures that can use SavMobi Technology historical prices to predict the future SavMobi Technology's volatility.| Risk Adjusted Performance | 0.0061 | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.02) |
SavMobi Technology Backtested Returns
SavMobi Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0038, which indicates the firm had a -0.0038% return per unit of risk over the last 3 months. SavMobi Technology exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate SavMobi Technology's Coefficient Of Variation of (26,192), variance of 81.79, and Risk Adjusted Performance of 0.0061 to confirm the risk estimate we provide. The entity has a beta of 2.23, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SavMobi Technology will likely underperform. At this point, SavMobi Technology has a negative expected return of -0.0351%. Please make sure to validate SavMobi Technology's total risk alpha, and the relationship between the standard deviation and kurtosis , to decide if SavMobi Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.51 |
Modest predictability
SavMobi Technology has modest predictability. Overlapping area represents the amount of predictability between SavMobi Technology time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 SavMobi Technology price movement. The serial correlation of 0.51 indicates that about 51.0% of current SavMobi Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
SavMobi Technology lagged returns against current returns
Autocorrelation, which is SavMobi Technology pink sheet'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 SavMobi Technology's pink sheet expected returns. We can calculate the autocorrelation of SavMobi Technology returns to help us make a trade decision. For example, suppose you find that SavMobi Technology has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
SavMobi 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 SavMobi Technology pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if SavMobi Technology pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in SavMobi Technology pink sheet over time.
Current vs Lagged Prices |
| Timeline |
SavMobi Technology Lagged Returns
When evaluating SavMobi Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of SavMobi Technology pink sheet have on its future price. SavMobi 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, SavMobi Technology autocorrelation shows the relationship between SavMobi Technology pink sheet current value and its past values and can show if there is a momentum factor associated with investing in SavMobi Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in SavMobi Pink Sheet
SavMobi Technology financial ratios help investors to determine whether SavMobi Pink Sheet 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 SavMobi with respect to the benefits of owning SavMobi Technology security.