Invengo Information (China) Market Value

002161 Stock   6.46  0.06  0.94%   
Invengo Information's market value is the price at which a share of Invengo Information trades on a public exchange. It measures the collective expectations of Invengo Information Technology investors about its performance. Invengo Information is trading at 6.46 as of the 9th of December 2024, a 0.94 percent increase since the beginning of the trading day. The stock's open price was 6.4.
With this module, you can estimate the performance of a buy and hold strategy of Invengo Information Technology and determine expected loss or profit from investing in Invengo Information over a given investment horizon. Check out Invengo Information Correlation, Invengo Information Volatility and Invengo Information Alpha and Beta module to complement your research on Invengo Information.
Symbol

Please note, there is a significant difference between Invengo Information's value and its price as these two are different measures arrived at by different means. Investors typically determine if Invengo Information is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Invengo Information's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Invengo Information '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 Invengo Information'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 Invengo Information.
0.00
07/18/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/09/2024
0.00
If you would invest  0.00  in Invengo Information on July 18, 2023 and sell it all today you would earn a total of 0.00 from holding Invengo Information Technology or generate 0.0% return on investment in Invengo Information over 510 days. Invengo Information is related to or competes with Sinomach Automobile, King Strong, Anhui Jianghuai, Haima Automobile, Guangzhou Tinci, Xinke Material, and Guangzhou Automobile. Invengo Information is entity of China. It is traded as Stock on SHE exchange. More

Invengo Information 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 Invengo Information'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 Invengo Information Technology upside and downside potential and time the market with a certain degree of confidence.

Invengo Information Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Invengo Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Invengo Information's standard deviation. In reality, there are many statistical measures that can use Invengo Information historical prices to predict the future Invengo Information's volatility.
Hype
Prediction
LowEstimatedHigh
1.976.4610.95
Details
Intrinsic
Valuation
LowRealHigh
0.635.129.61
Details
Naive
Forecast
LowNextHigh
1.696.1810.66
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.076.117.14
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Invengo Information. Your research has to be compared to or analyzed against Invengo Information's peers to derive any actionable benefits. When done correctly, Invengo Information's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Invengo Information.

Invengo Information Backtested Returns

Invengo Information appears to be relatively risky, given 3 months investment horizon. Invengo Information holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. By evaluating Invengo Information's technical indicators, you can evaluate if the expected return of 0.93% is justified by implied risk. Please utilize Invengo Information's Market Risk Adjusted Performance of (0.95), risk adjusted performance of 0.1506, and Downside Deviation of 3.98 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Invengo Information holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of -0.85, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Invengo Information are expected to decrease slowly. On the other hand, during market turmoil, Invengo Information is expected to outperform it slightly. Please check Invengo Information's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Invengo Information's current trending patterns will revert.

Auto-correlation

    
  -0.55  

Good reverse predictability

Invengo Information Technology has good reverse predictability. Overlapping area represents the amount of predictability between Invengo Information time series from 18th of July 2023 to 29th of March 2024 and 29th of March 2024 to 9th 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 Invengo Information price movement. The serial correlation of -0.55 indicates that about 55.0% of current Invengo Information price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test0.18
Residual Average0.0
Price Variance0.46

Invengo Information lagged returns against current returns

Autocorrelation, which is Invengo Information 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 Invengo Information's stock expected returns. We can calculate the autocorrelation of Invengo Information returns to help us make a trade decision. For example, suppose you find that Invengo Information 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  

Invengo Information 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 Invengo Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Invengo Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Invengo Information stock over time.
   Current vs Lagged Prices   
       Timeline  

Invengo Information Lagged Returns

When evaluating Invengo Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Invengo Information stock have on its future price. Invengo Information 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, Invengo Information autocorrelation shows the relationship between Invengo Information stock current value and its past values and can show if there is a momentum factor associated with investing in Invengo Information Technology.
   Regressed Prices   
       Timeline  

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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 Invengo Stock

Invengo Information financial ratios help investors to determine whether Invengo 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 Invengo with respect to the benefits of owning Invengo Information security.