Lootom Telcovideo (China) Market Value
| 300555 Stock | 8.61 0.01 0.12% |
| Symbol | Lootom |
Lootom Telcovideo '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 Lootom Telcovideo'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 Lootom Telcovideo.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Lootom Telcovideo on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Lootom Telcovideo Network or generate 0.0% return on investment in Lootom Telcovideo over 690 days. Lootom Telcovideo is related to or competes with Kweichow Moutai, NAURA Technology, APT Medical, Contemporary Amperex, and Beijing Roborock. Lootom Telcovideo is entity of China. It is traded as Stock on SHE exchange. More
Lootom Telcovideo 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 Lootom Telcovideo'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 Lootom Telcovideo Network upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.1362 | |||
| Maximum Drawdown | 14.85 | |||
| Value At Risk | (5.55) | |||
| Potential Upside | 7.46 |
Lootom Telcovideo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lootom Telcovideo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lootom Telcovideo's standard deviation. In reality, there are many statistical measures that can use Lootom Telcovideo historical prices to predict the future Lootom Telcovideo's volatility.| Risk Adjusted Performance | 0.1412 | |||
| Jensen Alpha | 0.5424 | |||
| Total Risk Alpha | 0.0681 | |||
| Sortino Ratio | 0.1504 | |||
| Treynor Ratio | 2.94 |
Lootom Telcovideo Network Backtested Returns
Lootom Telcovideo appears to be slightly risky, given 3 months investment horizon. Lootom Telcovideo Network has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Lootom Telcovideo's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please exercise Lootom Telcovideo's Risk Adjusted Performance of 0.1412, downside deviation of 2.99, and Mean Deviation of 2.34 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lootom Telcovideo holds a performance score of 16. The company secures a Beta (Market Risk) of 0.19, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lootom Telcovideo's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lootom Telcovideo is expected to be smaller as well. Please check Lootom Telcovideo's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Lootom Telcovideo's current price movements will revert.
Auto-correlation | 0.63 |
Good predictability
Lootom Telcovideo Network has good predictability. Overlapping area represents the amount of predictability between Lootom Telcovideo time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 Lootom Telcovideo Network price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Lootom Telcovideo price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
Lootom Telcovideo Network lagged returns against current returns
Autocorrelation, which is Lootom Telcovideo 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 Lootom Telcovideo's stock expected returns. We can calculate the autocorrelation of Lootom Telcovideo returns to help us make a trade decision. For example, suppose you find that Lootom Telcovideo 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 |
Lootom Telcovideo 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 Lootom Telcovideo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lootom Telcovideo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lootom Telcovideo stock over time.
Current vs Lagged Prices |
| Timeline |
Lootom Telcovideo Lagged Returns
When evaluating Lootom Telcovideo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lootom Telcovideo stock have on its future price. Lootom Telcovideo 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, Lootom Telcovideo autocorrelation shows the relationship between Lootom Telcovideo stock current value and its past values and can show if there is a momentum factor associated with investing in Lootom Telcovideo Network.
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 Lootom Stock
Lootom Telcovideo financial ratios help investors to determine whether Lootom 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 Lootom with respect to the benefits of owning Lootom Telcovideo security.