Longshine Technology (China) Market Value
| 300682 Stock | 12.74 0.06 0.47% |
| Symbol | Longshine |
Longshine Technology '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 Longshine Technology'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 Longshine Technology.
| 10/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Longshine Technology on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Longshine Technology Co or generate 0.0% return on investment in Longshine Technology over 60 days. Longshine Technology is related to or competes with Humanwell Healthcare, Caihong Display, Huaxia Eye, Lotus Health, Shanghai Jinfeng, Sportsoul, and Jiangsu Jinling. Longshine Technology is entity of China. It is traded as Stock on SHE exchange. More
Longshine Technology 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 Longshine Technology'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 Longshine Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.48 | |||
| Information Ratio | 0.13 | |||
| Maximum Drawdown | 32.23 | |||
| Value At Risk | (6.57) | |||
| Potential Upside | 7.34 |
Longshine Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Longshine Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Longshine Technology's standard deviation. In reality, there are many statistical measures that can use Longshine Technology historical prices to predict the future Longshine Technology's volatility.| Risk Adjusted Performance | 0.117 | |||
| Jensen Alpha | 0.7024 | |||
| Total Risk Alpha | 0.5613 | |||
| Sortino Ratio | 0.1531 | |||
| Treynor Ratio | 2.71 |
Longshine Technology Backtested Returns
Longshine Technology appears to be slightly risky, given 3 months investment horizon. Longshine Technology has Sharpe Ratio of 0.0451, which conveys that the firm had a 0.0451% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Longshine Technology, which you can use to evaluate the volatility of the firm. Please exercise Longshine Technology's Downside Deviation of 4.48, risk adjusted performance of 0.117, and Mean Deviation of 3.43 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Longshine Technology holds a performance score of 3. The company secures a Beta (Market Risk) of 0.26, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Longshine Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Longshine Technology is expected to be smaller as well. Please check Longshine Technology's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Longshine Technology's current price movements will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Longshine Technology Co has virtually no predictability. Overlapping area represents the amount of predictability between Longshine Technology time series from 30th of October 2024 to 29th of November 2024 and 29th of November 2024 to 29th 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 Longshine Technology price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Longshine Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Longshine Technology lagged returns against current returns
Autocorrelation, which is Longshine Technology 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 Longshine Technology's stock expected returns. We can calculate the autocorrelation of Longshine Technology returns to help us make a trade decision. For example, suppose you find that Longshine Technology 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 |
Longshine Technology 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 Longshine Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Longshine Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Longshine Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Longshine Technology Lagged Returns
When evaluating Longshine Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Longshine Technology stock have on its future price. Longshine Technology 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, Longshine Technology autocorrelation shows the relationship between Longshine Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Longshine Technology Co.
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 Longshine Stock
Longshine Technology financial ratios help investors to determine whether Longshine 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 Longshine with respect to the benefits of owning Longshine Technology security.