Konfoong Materials (China) Market Value
| 300666 Stock | 76.76 1.30 1.72% |
| Symbol | Konfoong |
Konfoong Materials '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 Konfoong Materials' 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 Konfoong Materials.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Konfoong Materials on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Konfoong Materials International or generate 0.0% return on investment in Konfoong Materials over 30 days. Konfoong Materials is related to or competes with Guangzhou Dongfang, Jiangsu Financial, Semiconductor Manufacturing, China Construction, StarPower Semiconductor, Qilu Bank, and Will Semiconductor. Konfoong Materials is entity of China. It is traded as Stock on SHE exchange. More
Konfoong Materials 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 Konfoong Materials' 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 Konfoong Materials International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.1396 | |||
| Maximum Drawdown | 27.51 | |||
| Value At Risk | (6.76) | |||
| Potential Upside | 9.42 |
Konfoong Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Konfoong Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Konfoong Materials' standard deviation. In reality, there are many statistical measures that can use Konfoong Materials historical prices to predict the future Konfoong Materials' volatility.| Risk Adjusted Performance | 0.1337 | |||
| Jensen Alpha | 0.8455 | |||
| Total Risk Alpha | 0.0632 | |||
| Sortino Ratio | 0.192 | |||
| Treynor Ratio | (7.25) |
Konfoong Materials Backtested Returns
Konfoong Materials appears to be very steady, given 3 months investment horizon. Konfoong Materials has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Konfoong Materials' technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please exercise Konfoong Materials' Risk Adjusted Performance of 0.1337, downside deviation of 3.74, and Mean Deviation of 3.53 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Konfoong Materials holds a performance score of 12. The company secures a Beta (Market Risk) of -0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Konfoong Materials are expected to decrease at a much lower rate. During the bear market, Konfoong Materials is likely to outperform the market. Please check Konfoong Materials' standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Konfoong Materials' current price movements will revert.
Auto-correlation | -0.46 |
Modest reverse predictability
Konfoong Materials International has modest reverse predictability. Overlapping area represents the amount of predictability between Konfoong Materials time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Konfoong Materials price movement. The serial correlation of -0.46 indicates that about 46.0% of current Konfoong Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 3.19 |
Konfoong Materials lagged returns against current returns
Autocorrelation, which is Konfoong Materials 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 Konfoong Materials' stock expected returns. We can calculate the autocorrelation of Konfoong Materials returns to help us make a trade decision. For example, suppose you find that Konfoong Materials 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 |
Konfoong Materials 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 Konfoong Materials stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Konfoong Materials stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Konfoong Materials stock over time.
Current vs Lagged Prices |
| Timeline |
Konfoong Materials Lagged Returns
When evaluating Konfoong Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Konfoong Materials stock have on its future price. Konfoong Materials 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, Konfoong Materials autocorrelation shows the relationship between Konfoong Materials stock current value and its past values and can show if there is a momentum factor associated with investing in Konfoong Materials International.
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 Konfoong Stock
Konfoong Materials financial ratios help investors to determine whether Konfoong 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 Konfoong with respect to the benefits of owning Konfoong Materials security.