Olympic Circuit (China) Market Value
| 603920 Stock | 33.02 2.14 6.93% |
| Symbol | Olympic |
Olympic Circuit '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 Olympic Circuit'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 Olympic Circuit.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Olympic Circuit on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Olympic Circuit Technology or generate 0.0% return on investment in Olympic Circuit over 360 days. Olympic Circuit is related to or competes with Kingclean Electric, CSSC Offshore, Huaibei Mining, Chengtun Mining, Shandong Mining, Guocheng Mining, and Xizi Clean. Olympic Circuit is entity of China. It is traded as Stock on SHG exchange. More
Olympic Circuit 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 Olympic Circuit'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 Olympic Circuit Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.47 | |||
| Information Ratio | 0.1721 | |||
| Maximum Drawdown | 19.53 | |||
| Value At Risk | (7.09) | |||
| Potential Upside | 9.46 |
Olympic Circuit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Olympic Circuit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Olympic Circuit's standard deviation. In reality, there are many statistical measures that can use Olympic Circuit historical prices to predict the future Olympic Circuit's volatility.| Risk Adjusted Performance | 0.1596 | |||
| Jensen Alpha | 0.9487 | |||
| Total Risk Alpha | 0.2232 | |||
| Sortino Ratio | 0.1861 | |||
| Treynor Ratio | (39.09) |
Olympic Circuit Tech Backtested Returns
Olympic Circuit appears to be somewhat reliable, given 3 months investment horizon. Olympic Circuit Tech maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Olympic Circuit's technical indicators, you can evaluate if the expected return of 0.97% is justified by implied risk. Please evaluate Olympic Circuit's Coefficient Of Variation of 505.49, semi deviation of 3.93, and Risk Adjusted Performance of 0.1596 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Olympic Circuit holds a performance score of 15. The company holds a Beta of -0.0242, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Olympic Circuit are expected to decrease at a much lower rate. During the bear market, Olympic Circuit is likely to outperform the market. Please check Olympic Circuit'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 Olympic Circuit's historical price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Olympic Circuit Technology has very weak predictability. Overlapping area represents the amount of predictability between Olympic Circuit time series from 9th of December 2023 to 6th of June 2024 and 6th of June 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 Olympic Circuit Tech price movement. The serial correlation of 0.16 indicates that over 16.0% of current Olympic Circuit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 21.32 |
Olympic Circuit Tech lagged returns against current returns
Autocorrelation, which is Olympic Circuit 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 Olympic Circuit's stock expected returns. We can calculate the autocorrelation of Olympic Circuit returns to help us make a trade decision. For example, suppose you find that Olympic Circuit 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 |
Olympic Circuit 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 Olympic Circuit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Olympic Circuit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Olympic Circuit stock over time.
Current vs Lagged Prices |
| Timeline |
Olympic Circuit Lagged Returns
When evaluating Olympic Circuit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Olympic Circuit stock have on its future price. Olympic Circuit 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, Olympic Circuit autocorrelation shows the relationship between Olympic Circuit stock current value and its past values and can show if there is a momentum factor associated with investing in Olympic Circuit Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Olympic Stock
Olympic Circuit financial ratios help investors to determine whether Olympic 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 Olympic with respect to the benefits of owning Olympic Circuit security.