Anhui Huaertai (China) Market Value
| 001217 Stock | 11.08 0.21 1.93% |
| Symbol | Anhui |
Anhui Huaertai '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 Anhui Huaertai'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 Anhui Huaertai.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Anhui Huaertai on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Huaertai Chemical or generate 0.0% return on investment in Anhui Huaertai over 90 days. Anhui Huaertai is related to or competes with Qinghaihuading Industrial, Western Metal, Yindu Kitchen, Innovative Medical, Shandong Mining, Anhui Deli, and China Life. More
Anhui Huaertai 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 Anhui Huaertai'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 Anhui Huaertai Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.29 | |||
| Information Ratio | 0.0897 | |||
| Maximum Drawdown | 17.86 | |||
| Value At Risk | (3.90) | |||
| Potential Upside | 4.27 |
Anhui Huaertai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Huaertai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Huaertai's standard deviation. In reality, there are many statistical measures that can use Anhui Huaertai historical prices to predict the future Anhui Huaertai's volatility.| Risk Adjusted Performance | 0.115 | |||
| Jensen Alpha | 0.3425 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0729 | |||
| Treynor Ratio | 1.87 |
Anhui Huaertai Chemical Backtested Returns
Anhui Huaertai appears to be somewhat reliable, given 3 months investment horizon. Anhui Huaertai Chemical secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Anhui Huaertai Chemical, which you can use to evaluate the volatility of the firm. Please makes use of Anhui Huaertai's risk adjusted performance of 0.115, and Mean Deviation of 1.82 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anhui Huaertai holds a performance score of 11. The firm shows a Beta (market volatility) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anhui Huaertai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Huaertai is expected to be smaller as well. Please check Anhui Huaertai's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Anhui Huaertai's price patterns will revert.
Auto-correlation | 0.81 |
Very good predictability
Anhui Huaertai Chemical has very good predictability. Overlapping area represents the amount of predictability between Anhui Huaertai time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Anhui Huaertai Chemical price movement. The serial correlation of 0.81 indicates that around 81.0% of current Anhui Huaertai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Anhui Huaertai Chemical lagged returns against current returns
Autocorrelation, which is Anhui Huaertai 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 Anhui Huaertai's stock expected returns. We can calculate the autocorrelation of Anhui Huaertai returns to help us make a trade decision. For example, suppose you find that Anhui Huaertai 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 |
Anhui Huaertai 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 Anhui Huaertai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Huaertai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Huaertai stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Huaertai Lagged Returns
When evaluating Anhui Huaertai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Huaertai stock have on its future price. Anhui Huaertai 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, Anhui Huaertai autocorrelation shows the relationship between Anhui Huaertai stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Huaertai Chemical.
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 Anhui Stock
Anhui Huaertai financial ratios help investors to determine whether Anhui 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 Anhui with respect to the benefits of owning Anhui Huaertai security.