Anhui Fuhuang (China) Market Value
| 002743 Stock | 6.88 0.15 2.13% |
| Symbol | Anhui |
Anhui Fuhuang '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 Fuhuang'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 Fuhuang.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Anhui Fuhuang on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Fuhuang Steel or generate 0.0% return on investment in Anhui Fuhuang over 30 days. Anhui Fuhuang is related to or competes with Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, Shandong Gold, Jiangxi Ganfeng, Hoshine Silicon, and Zhejiang Juhua. Anhui Fuhuang is entity of China. It is traded as Stock on SHE exchange. More
Anhui Fuhuang 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 Fuhuang'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 Fuhuang Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.38 | |||
| Information Ratio | 0.2602 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 10.0 |
Anhui Fuhuang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Fuhuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Fuhuang's standard deviation. In reality, there are many statistical measures that can use Anhui Fuhuang historical prices to predict the future Anhui Fuhuang's volatility.| Risk Adjusted Performance | 0.2287 | |||
| Jensen Alpha | 1.21 | |||
| Total Risk Alpha | 0.5908 | |||
| Sortino Ratio | 0.3004 | |||
| Treynor Ratio | (1.28) |
Anhui Fuhuang Steel Backtested Returns
Anhui Fuhuang is moderately volatile given 3 months investment horizon. Anhui Fuhuang Steel secures Sharpe Ratio (or Efficiency) of 0.28, which signifies that the company had a 0.28% return per unit of standard deviation over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Anhui Fuhuang risk adjusted performance of 0.2287, and Mean Deviation of 2.79 to evaluate company specific risk that cannot be diversified away. Anhui Fuhuang holds a performance score of 22 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.88, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Anhui Fuhuang are expected to decrease slowly. On the other hand, during market turmoil, Anhui Fuhuang is expected to outperform it slightly. Use Anhui Fuhuang market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Anhui Fuhuang.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Anhui Fuhuang Steel has insignificant reverse predictability. Overlapping area represents the amount of predictability between Anhui Fuhuang time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Fuhuang Steel price movement. The serial correlation of -0.16 indicates that over 16.0% of current Anhui Fuhuang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Anhui Fuhuang Steel lagged returns against current returns
Autocorrelation, which is Anhui Fuhuang 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 Fuhuang's stock expected returns. We can calculate the autocorrelation of Anhui Fuhuang returns to help us make a trade decision. For example, suppose you find that Anhui Fuhuang 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 Fuhuang 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 Fuhuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Fuhuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Fuhuang stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Fuhuang Lagged Returns
When evaluating Anhui Fuhuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Fuhuang stock have on its future price. Anhui Fuhuang 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 Fuhuang autocorrelation shows the relationship between Anhui Fuhuang stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Fuhuang Steel.
Regressed Prices |
| Timeline |
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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 Fuhuang 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 Fuhuang security.