LINGYI ITECH (China) Market Value

002600
  

CNY 5.20  0.02  0.38%   

LINGYI ITECH's market value is the price at which a share of LINGYI ITECH stock trades on a public exchange. It measures the collective expectations of LINGYI ITECH GUAN investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of LINGYI ITECH GUAN and determine expected loss or profit from investing in LINGYI ITECH over a given investment horizon. Please continue to LINGYI ITECH Hype Analysis, LINGYI ITECH Correlation, LINGYI ITECH Valuation, LINGYI ITECH Volatility, as well as analyze LINGYI ITECH Alpha and Beta and LINGYI ITECH Performance.
Symbol

Please note, there is a significant difference between LINGYI ITECH's value and its price as these two are different measures arrived at by different means. Investors typically determine LINGYI ITECH value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, LINGYI ITECH'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.

LINGYI ITECH '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 LINGYI ITECH'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 LINGYI ITECH.
0.00
08/20/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/10/2022
0.00
If you would invest  0.00  in LINGYI ITECH on August 20, 2020 and sell it all today you would earn a total of 0.00 from holding LINGYI ITECH GUAN or generate 0.0% return on investment in LINGYI ITECH over 720 days. Lingyi Itech Company engages in the research, development, production, and marketing of ferrite magnetic materials and n...More

LINGYI ITECH 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 LINGYI ITECH'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 LINGYI ITECH GUAN upside and downside potential and time the market with a certain degree of confidence.

LINGYI ITECH Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for LINGYI ITECH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as LINGYI ITECH's standard deviation. In reality, there are many statistical measures that can use LINGYI ITECH historical prices to predict the future LINGYI ITECH's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of LINGYI ITECH's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of LINGYI ITECH in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
2.615.207.79
Details
Intrinsic
Valuation
LowReal ValueHigh
1.524.116.70
Details
Naive
Forecast
LowNext ValueHigh
2.665.257.84
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.195.215.23
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as LINGYI ITECH. Your research has to be compared to or analyzed against LINGYI ITECH's peers to derive any actionable benefits. When done correctly, LINGYI ITECH's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in LINGYI ITECH GUAN.

LINGYI ITECH GUAN Backtested Returns

LINGYI ITECH appears to be slightly risky, given 3 months investment horizon. LINGYI ITECH GUAN has Sharpe Ratio of 0.13, which conveys that the firm had 0.13% of return per unit of volatility over the last 3 months. Our approach towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for LINGYI ITECH, which you can use to evaluate the future volatility of the firm. Please exercise LINGYI ITECH's mean deviation of 1.97, and Risk Adjusted Performance of 0.0857 to check out if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, LINGYI ITECH holds a performance score of 10. The company secures a Beta (Market Risk) of -0.03, which conveys not very significant fluctuations relative to the market. Let's try to break down what LINGYI's beta means in this case. As returns on the market increase, returns on owning LINGYI ITECH are expected to decrease at a much lower rate. During the bear market, LINGYI ITECH is likely to outperform the market. Although it is vital to follow LINGYI ITECH GUAN price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. The approach towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By inspecting LINGYI ITECH GUAN technical indicators, you can now evaluate if the expected return of 0.34% will be sustainable into the future. Please exercises LINGYI ITECH GUAN coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to make a quick decision on whether LINGYI ITECH GUAN current price movements will revert.

Auto-correlation

    
  0.86  

Very good predictability

LINGYI ITECH GUAN has very good predictability. Overlapping area represents the amount of predictability between LINGYI ITECH time series from 20th of August 2020 to 15th of August 2021 and 15th of August 2021 to 10th of August 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LINGYI ITECH GUAN price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current LINGYI ITECH price fluctuation can be explain by its past prices.
Correlation Coefficient0.86
Spearman Rank Test0.78
Residual Average0.0
Price Variance1.11

LINGYI ITECH GUAN lagged returns against current returns

Autocorrelation, which is LINGYI ITECH 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 LINGYI ITECH's stock expected returns. We can calculate the autocorrelation of LINGYI ITECH returns to help us make a trade decision. For example, suppose you find that LINGYI ITECH stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

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

LINGYI ITECH Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in LINGYI ITECH without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Please continue to LINGYI ITECH Hype Analysis, LINGYI ITECH Correlation, LINGYI ITECH Valuation, LINGYI ITECH Volatility, as well as analyze LINGYI ITECH Alpha and Beta and LINGYI ITECH Performance. Note that the LINGYI ITECH GUAN information on this page should be used as a complementary analysis to other LINGYI ITECH's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for LINGYI Stock analysis

When running LINGYI ITECH GUAN price analysis, check to measure LINGYI ITECH's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy LINGYI ITECH is operating at the current time. Most of LINGYI ITECH's value examination focuses on studying past and present price action to predict the probability of LINGYI ITECH's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move LINGYI ITECH's price. Additionally, you may evaluate how the addition of LINGYI ITECH to your portfolios can decrease your overall portfolio volatility.
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LINGYI ITECH technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of LINGYI ITECH technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of LINGYI ITECH trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...