Soyea Technology (China) Market Value
| 000909 Stock | 5.72 0.22 4.00% |
| Symbol | Soyea |
Soyea 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 Soyea 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 Soyea Technology.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Soyea Technology on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Soyea Technology Co or generate 0.0% return on investment in Soyea Technology over 30 days. Soyea Technology is related to or competes with Nanjing Putian, Tianjin Realty, Shenyang Huitian, Shenzhen Changfang, Jiangsu Xinning, and Hubei Geoway. Soyea Technology is entity of China. It is traded as Stock on SHE exchange. More
Soyea 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 Soyea 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 Soyea Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.24 | |||
| Information Ratio | 0.2237 | |||
| Maximum Drawdown | 10.15 | |||
| Value At Risk | (4.98) | |||
| Potential Upside | 5.01 |
Soyea Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soyea Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soyea Technology's standard deviation. In reality, there are many statistical measures that can use Soyea Technology historical prices to predict the future Soyea Technology's volatility.| Risk Adjusted Performance | 0.2091 | |||
| Jensen Alpha | 0.7281 | |||
| Total Risk Alpha | 0.348 | |||
| Sortino Ratio | 0.1916 | |||
| Treynor Ratio | (16.11) |
Soyea Technology Backtested Returns
Soyea Technology appears to be slightly risky, given 3 months investment horizon. Soyea Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.36, which indicates the firm had a 0.36% return per unit of risk over the last 3 months. By inspecting Soyea Technology's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please review Soyea Technology's Coefficient Of Variation of 377.94, risk adjusted performance of 0.2091, and Semi Deviation of 2.58 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Soyea Technology holds a performance score of 28. The entity has a beta of -0.0449, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Soyea Technology are expected to decrease at a much lower rate. During the bear market, Soyea Technology is likely to outperform the market. Please check Soyea Technology's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Soyea Technology's existing price patterns will revert.
Auto-correlation | 0.18 |
Very weak predictability
Soyea Technology Co has very weak predictability. Overlapping area represents the amount of predictability between Soyea Technology time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Soyea Technology price movement. The serial correlation of 0.18 indicates that over 18.0% of current Soyea Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Soyea Technology lagged returns against current returns
Autocorrelation, which is Soyea 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 Soyea Technology's stock expected returns. We can calculate the autocorrelation of Soyea Technology returns to help us make a trade decision. For example, suppose you find that Soyea 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 |
Soyea 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 Soyea Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soyea Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soyea Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Soyea Technology Lagged Returns
When evaluating Soyea Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soyea Technology stock have on its future price. Soyea 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, Soyea Technology autocorrelation shows the relationship between Soyea Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Soyea Technology Co.
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 Soyea Stock
Soyea Technology financial ratios help investors to determine whether Soyea 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 Soyea with respect to the benefits of owning Soyea Technology security.