Contec Medical (China) Market Value

300869 Stock   15.65  0.34  2.13%   
Contec Medical's market value is the price at which a share of Contec Medical trades on a public exchange. It measures the collective expectations of Contec Medical Systems investors about its performance. Contec Medical is trading at 15.65 as of the 4th of December 2024, a 2.13 percent decrease since the beginning of the trading day. The stock's open price was 15.99.
With this module, you can estimate the performance of a buy and hold strategy of Contec Medical Systems and determine expected loss or profit from investing in Contec Medical over a given investment horizon. Check out Contec Medical Correlation, Contec Medical Volatility and Contec Medical Alpha and Beta module to complement your research on Contec Medical.
Symbol

Please note, there is a significant difference between Contec Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contec Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contec Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Contec Medical '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 Contec Medical'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 Contec Medical.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in Contec Medical on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Contec Medical Systems or generate 0.0% return on investment in Contec Medical over 60 days. Contec Medical is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, Beijing Roborock, BYD Co, Anhui Gujing, and Anhui Gujing. Contec Medical is entity of China. It is traded as Stock on SHE exchange. More

Contec Medical 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 Contec Medical'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 Contec Medical Systems upside and downside potential and time the market with a certain degree of confidence.

Contec Medical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Contec Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Contec Medical's standard deviation. In reality, there are many statistical measures that can use Contec Medical historical prices to predict the future Contec Medical's volatility.
Hype
Prediction
LowEstimatedHigh
12.8116.6520.49
Details
Intrinsic
Valuation
LowRealHigh
9.5613.4017.24
Details
Naive
Forecast
LowNextHigh
11.8615.6919.53
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
15.4915.8116.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Contec Medical. Your research has to be compared to or analyzed against Contec Medical's peers to derive any actionable benefits. When done correctly, Contec Medical's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Contec Medical Systems.

Contec Medical Systems Backtested Returns

Contec Medical appears to be somewhat reliable, given 3 months investment horizon. Contec Medical Systems secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Contec Medical Systems, which you can use to evaluate the volatility of the firm. Please makes use of Contec Medical's Mean Deviation of 2.41, risk adjusted performance of 0.1056, and Downside Deviation of 3.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Contec Medical holds a performance score of 8. The firm shows a Beta (market volatility) of -0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Contec Medical are expected to decrease at a much lower rate. During the bear market, Contec Medical is likely to outperform the market. Please check Contec Medical'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 Contec Medical's price patterns will revert.

Auto-correlation

    
  -0.22  

Weak reverse predictability

Contec Medical Systems has weak reverse predictability. Overlapping area represents the amount of predictability between Contec Medical time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 Contec Medical Systems price movement. The serial correlation of -0.22 indicates that over 22.0% of current Contec Medical price fluctuation can be explain by its past prices.
Correlation Coefficient-0.22
Spearman Rank Test0.24
Residual Average0.0
Price Variance0.42

Contec Medical Systems lagged returns against current returns

Autocorrelation, which is Contec Medical 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 Contec Medical's stock expected returns. We can calculate the autocorrelation of Contec Medical returns to help us make a trade decision. For example, suppose you find that Contec Medical 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  

Contec Medical 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 Contec Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Contec Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Contec Medical stock over time.
   Current vs Lagged Prices   
       Timeline  

Contec Medical Lagged Returns

When evaluating Contec Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Contec Medical stock have on its future price. Contec Medical 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, Contec Medical autocorrelation shows the relationship between Contec Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Contec Medical Systems.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Contec Stock

Contec Medical financial ratios help investors to determine whether Contec 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 Contec with respect to the benefits of owning Contec Medical security.