Leyard Optoelectronic (China) Market Value
| 300296 Stock | 5.39 0.04 0.75% |
| Symbol | Leyard |
Leyard Optoelectronic '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 Leyard Optoelectronic'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 Leyard Optoelectronic.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Leyard Optoelectronic on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Leyard Optoelectronic or generate 0.0% return on investment in Leyard Optoelectronic over 30 days. Leyard Optoelectronic is related to or competes with Cultural Investment, Gome Telecom, Bus Online, and Zotye Automobile. Leyard Optoelectronic is entity of China More
Leyard Optoelectronic 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 Leyard Optoelectronic'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 Leyard Optoelectronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.69 | |||
| Information Ratio | 0.0392 | |||
| Maximum Drawdown | 27.58 | |||
| Value At Risk | (4.89) | |||
| Potential Upside | 5.68 |
Leyard Optoelectronic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leyard Optoelectronic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leyard Optoelectronic's standard deviation. In reality, there are many statistical measures that can use Leyard Optoelectronic historical prices to predict the future Leyard Optoelectronic's volatility.| Risk Adjusted Performance | 0.0641 | |||
| Jensen Alpha | 0.2706 | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0431 | |||
| Treynor Ratio | 2.32 |
Leyard Optoelectronic Backtested Returns
Leyard Optoelectronic appears to be relatively risky, given 3 months investment horizon. Leyard Optoelectronic has Sharpe Ratio of 0.13, which conveys that the firm had a 0.13% return per unit of risk over the last 3 months. By analyzing Leyard Optoelectronic's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please exercise Leyard Optoelectronic's Mean Deviation of 2.83, risk adjusted performance of 0.0641, and Downside Deviation of 3.69 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Leyard Optoelectronic holds a performance score of 10. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Leyard Optoelectronic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Leyard Optoelectronic is expected to be smaller as well. Please check Leyard Optoelectronic's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Leyard Optoelectronic's current price movements will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Leyard Optoelectronic has virtually no predictability. Overlapping area represents the amount of predictability between Leyard Optoelectronic time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Leyard Optoelectronic price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Leyard Optoelectronic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Leyard Optoelectronic lagged returns against current returns
Autocorrelation, which is Leyard Optoelectronic 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 Leyard Optoelectronic's stock expected returns. We can calculate the autocorrelation of Leyard Optoelectronic returns to help us make a trade decision. For example, suppose you find that Leyard Optoelectronic 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 |
Leyard Optoelectronic 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 Leyard Optoelectronic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leyard Optoelectronic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Leyard Optoelectronic stock over time.
Current vs Lagged Prices |
| Timeline |
Leyard Optoelectronic Lagged Returns
When evaluating Leyard Optoelectronic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leyard Optoelectronic stock have on its future price. Leyard Optoelectronic 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, Leyard Optoelectronic autocorrelation shows the relationship between Leyard Optoelectronic stock current value and its past values and can show if there is a momentum factor associated with investing in Leyard Optoelectronic.
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 Leyard Stock
Leyard Optoelectronic financial ratios help investors to determine whether Leyard 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 Leyard with respect to the benefits of owning Leyard Optoelectronic security.