Aerospace (China) Market Value
| 000901 Stock | 12.00 0.05 0.42% |
| Symbol | Aerospace |
Aerospace '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 Aerospace'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 Aerospace.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Aerospace on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Aerospace Hi Tech Holding or generate 0.0% return on investment in Aerospace over 720 days. Aerospace is related to or competes with China Life, Cinda Securities, Piotech, Dongxing Sec, Shanghai OPM, National Silicon, and China Molybdenum. Aerospace is entity of China. It is traded as Stock on SHE exchange. More
Aerospace 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 Aerospace'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 Aerospace Hi Tech Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.1162 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (5.67) | |||
| Potential Upside | 7.48 |
Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aerospace's standard deviation. In reality, there are many statistical measures that can use Aerospace historical prices to predict the future Aerospace's volatility.| Risk Adjusted Performance | 0.1068 | |||
| Jensen Alpha | 0.4533 | |||
| Total Risk Alpha | 0.3493 | |||
| Sortino Ratio | 0.1152 | |||
| Treynor Ratio | (66.64) |
Aerospace Hi Tech Backtested Returns
Aerospace appears to be somewhat reliable, given 3 months investment horizon. Aerospace Hi Tech secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Aerospace's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Aerospace's Mean Deviation of 2.75, risk adjusted performance of 0.1068, and Downside Deviation of 3.74 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aerospace holds a performance score of 10. The firm shows a Beta (market volatility) of -0.0068, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aerospace are expected to decrease at a much lower rate. During the bear market, Aerospace is likely to outperform the market. Please check Aerospace's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Aerospace's price patterns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Aerospace Hi Tech Holding has insignificant reverse predictability. Overlapping area represents the amount of predictability between Aerospace time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Aerospace Hi Tech price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 3.17 |
Aerospace Hi Tech lagged returns against current returns
Autocorrelation, which is Aerospace 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 Aerospace's stock expected returns. We can calculate the autocorrelation of Aerospace returns to help us make a trade decision. For example, suppose you find that Aerospace 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 |
Aerospace 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 Aerospace stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aerospace stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aerospace stock over time.
Current vs Lagged Prices |
| Timeline |
Aerospace Lagged Returns
When evaluating Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aerospace stock have on its future price. Aerospace 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, Aerospace autocorrelation shows the relationship between Aerospace stock current value and its past values and can show if there is a momentum factor associated with investing in Aerospace Hi Tech Holding.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Aerospace Stock
Aerospace financial ratios help investors to determine whether Aerospace 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 Aerospace with respect to the benefits of owning Aerospace security.