Recon Technology Stock Market Value
RCON Stock | USD 0.14 0.01 6.67% |
Symbol | Recon |
Recon Technology Price To Book Ratio
Is Recon Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Recon Technology. If investors know Recon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Recon Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.24) | Revenue Per Share 1.978 | Quarterly Revenue Growth (0.27) | Return On Assets (0.08) | Return On Equity (0.14) |
The market value of Recon Technology is measured differently than its book value, which is the value of Recon that is recorded on the company's balance sheet. Investors also form their own opinion of Recon Technology's value that differs from its market value or its book value, called intrinsic value, which is Recon Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Recon Technology's market value can be influenced by many factors that don't directly affect Recon Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Recon Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Recon Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Recon Technology'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.
Recon 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 Recon 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 Recon Technology.
01/24/2023 |
| 03/19/2024 |
If you would invest 0.00 in Recon Technology on January 24, 2023 and sell it all today you would earn a total of 0.00 from holding Recon Technology or generate 0.0% return on investment in Recon Technology over 420 days. Recon Technology is related to or competes with Air Products, Flex, Ecolab, LanzaTech Global, ScanSource, Eastman Chemical, and Skyworks Solutions. Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extrac... More
Recon 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 Recon 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 Recon Technology upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | (0.21) | |||
Maximum Drawdown | 26.74 | |||
Value At Risk | (6.67) | |||
Potential Upside | 6.67 |
Recon Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Recon Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Recon Technology's standard deviation. In reality, there are many statistical measures that can use Recon Technology historical prices to predict the future Recon Technology's volatility.Risk Adjusted Performance | (0.11) | |||
Jensen Alpha | (1.05) | |||
Total Risk Alpha | (1.99) | |||
Treynor Ratio | (1.04) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Recon Technology'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 Recon Technology in the context of predictive analytics.
Recon Technology Backtested Returns
Recon Technology maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had -0.17% return per unit of risk over the last 3 months. Our standpoint towards forecasting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Recon Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check Recon Technology's Variance of 24.77, risk adjusted performance of (0.11), and Coefficient Of Variation of (539.32) to confirm the risk estimate we provide. The company holds a Beta of 0.9, which implies possible diversification benefits within a given portfolio. Recon Technology returns are very sensitive to returns on the market. As the market goes up or down, Recon Technology is expected to follow. Recon Technology has an expected return of -0.84%. Please make sure to check Recon Technology treynor ratio, as well as the relationship between the kurtosis and day typical price to decide if Recon Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.72 |
Good predictability
Recon Technology has good predictability. Overlapping area represents the amount of predictability between Recon Technology time series from 24th of January 2023 to 22nd of August 2023 and 22nd of August 2023 to 19th of March 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 Recon Technology price movement. The serial correlation of 0.72 indicates that around 72.0% of current Recon Technology price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.72 | |
Spearman Rank Test | 0.54 | |
Residual Average | 0.0 | |
Price Variance | 0.0 |
Recon Technology lagged returns against current returns
Autocorrelation, which is Recon 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 Recon Technology's stock expected returns. We can calculate the autocorrelation of Recon Technology returns to help us make a trade decision. For example, suppose you find that Recon Technology 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 |
Timeline |
Recon 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 Recon Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Recon Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Recon Technology stock over time.
Current vs Lagged Prices |
Timeline |
Recon Technology Lagged Returns
When evaluating Recon Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Recon Technology stock have on its future price. Recon 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, Recon Technology autocorrelation shows the relationship between Recon Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Recon Technology.
Regressed Prices |
Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Recon Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Recon Technology's short interest history, or implied volatility extrapolated from Recon Technology options trading.
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Check out Recon Technology Correlation, Recon Technology Volatility and Recon Technology Alpha and Beta module to complement your research on Recon Technology. To learn how to invest in Recon Stock, please use our How to Invest in Recon Technology guide.You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Recon Stock analysis
When running Recon Technology's price analysis, check to measure Recon Technology'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 Recon Technology is operating at the current time. Most of Recon Technology's value examination focuses on studying past and present price action to predict the probability of Recon Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Recon Technology's price. Additionally, you may evaluate how the addition of Recon Technology to your portfolios can decrease your overall portfolio volatility.
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Recon Technology 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.