LINGYI ITECH (China) Performance

002600
  

CNY 5.20  0.02  0.38%   

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.
  
LINGYI Performance
10 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in LINGYI ITECH GUAN are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, LINGYI ITECH sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

LINGYI Price Channel

Quick Ratio0.97
Fifty Two Week Low3.83
Target High Price8.00
Fifty Two Week High8.21
Target Low Price3.90

LINGYI ITECH Relative Risk vs. Return Landscape

If you would invest  444.00  in LINGYI ITECH GUAN on May 12, 2022 and sell it today you would earn a total of  76.00  from holding LINGYI ITECH GUAN or generate 17.12% return on investment over 90 days. LINGYI ITECH GUAN is generating 0.3427% of daily returns and assumes 2.5868% volatility on return distribution over the 90 days horizon. Simply put, 22% of stocks are less volatile than LINGYI, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days trading horizon LINGYI ITECH is expected to generate 2.03 times more return on investment than the market. However, the company is 2.03 times more volatile than its market benchmark. It trades about 0.13 of its potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of risk.

LINGYI ITECH Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for LINGYI ITECH's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as LINGYI ITECH GUAN, and traders can use it to determine the average amount a LINGYI ITECH's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1325

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Estimated Market Risk
 2.59
  actual daily
 
 22 %
of total potential
 
2222
Expected Return
 0.34
  actual daily
 
 6 %
of total potential
 
66
Risk-Adjusted Return
 0.13
  actual daily
 
 10 %
of total potential
 
1010
Based on monthly moving average LINGYI ITECH is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of LINGYI ITECH by adding it to a well-diversified portfolio.

About LINGYI ITECH Performance

To evaluate LINGYI ITECH GUAN Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when LINGYI ITECH generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare LINGYI Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand LINGYI ITECH GUAN stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents LINGYI's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Lingyi Itech Company engages in the research, development, production, and marketing of ferrite magnetic materials and new materials. The company was founded in 1975 and is based in Jiangmen, China. LINGYI ITECH operates under Electronic Components classification in China and is traded on Shenzhen Stock Exchange. It employs 79892 people.

Things to note about LINGYI ITECH GUAN

Checking the ongoing alerts about LINGYI ITECH for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for LINGYI ITECH GUAN help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

LINGYI ITECH Alerts

Equity Alerts and Improvement Suggestions

LINGYI ITECH GUAN has high likelihood to experience some financial distress in the next 2 years
About 63.0% of the company shares are owned by insiders or employees
Please continue to Trending Equities. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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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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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.