Levima Advanced (China) Market Value
| 003022 Stock | 15.71 0.12 0.77% |
| Symbol | Levima |
Levima Advanced '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 Levima Advanced'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 Levima Advanced.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Levima Advanced on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Levima Advanced Materials or generate 0.0% return on investment in Levima Advanced over 30 days. Levima Advanced is related to or competes with Zhejiang Construction, Bus Online, Henan Shuanghui, Anyang Iron, Shenzhen MYS, Tonghua Grape, and Guangdong Liantai. Levima Advanced is entity of China. It is traded as Stock on SHE exchange. More
Levima Advanced 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 Levima Advanced'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 Levima Advanced Materials upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0897 | |||
| Maximum Drawdown | 19.02 | |||
| Value At Risk | (4.95) | |||
| Potential Upside | 6.8 |
Levima Advanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Levima Advanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Levima Advanced's standard deviation. In reality, there are many statistical measures that can use Levima Advanced historical prices to predict the future Levima Advanced's volatility.| Risk Adjusted Performance | 0.1048 | |||
| Jensen Alpha | 0.4473 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0987 | |||
| Treynor Ratio | (1.74) |
Levima Advanced Materials Backtested Returns
Levima Advanced appears to be somewhat reliable, given 3 months investment horizon. Levima Advanced Materials has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Levima Advanced, which you can use to evaluate the volatility of the firm. Please exercise Levima Advanced's Risk Adjusted Performance of 0.1048, downside deviation of 3.08, and Mean Deviation of 2.49 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Levima Advanced holds a performance score of 8. The company secures a Beta (Market Risk) of -0.24, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Levima Advanced are expected to decrease at a much lower rate. During the bear market, Levima Advanced is likely to outperform the market. Please check Levima Advanced's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Levima Advanced's current price movements will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Levima Advanced Materials has very good reverse predictability. Overlapping area represents the amount of predictability between Levima Advanced time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Levima Advanced Materials price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Levima Advanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Levima Advanced Materials lagged returns against current returns
Autocorrelation, which is Levima Advanced 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 Levima Advanced's stock expected returns. We can calculate the autocorrelation of Levima Advanced returns to help us make a trade decision. For example, suppose you find that Levima Advanced 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 |
Levima Advanced 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 Levima Advanced stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Levima Advanced stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Levima Advanced stock over time.
Current vs Lagged Prices |
| Timeline |
Levima Advanced Lagged Returns
When evaluating Levima Advanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Levima Advanced stock have on its future price. Levima Advanced 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, Levima Advanced autocorrelation shows the relationship between Levima Advanced stock current value and its past values and can show if there is a momentum factor associated with investing in Levima Advanced Materials.
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 Levima Stock
Levima Advanced financial ratios help investors to determine whether Levima 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 Levima with respect to the benefits of owning Levima Advanced security.