AVCON Information (China) Market Value
| 300074 Stock | 4.83 0.04 0.82% |
| Symbol | AVCON |
AVCON Information '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 AVCON Information'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 AVCON Information.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in AVCON Information on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding AVCON Information Tech or generate 0.0% return on investment in AVCON Information over 30 days. AVCON Information is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, China Construction, and Bank of China. AVCON Information is entity of China. It is traded as Stock on SHE exchange. More
AVCON Information 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 AVCON Information'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 AVCON Information Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.65 | |||
| Information Ratio | 0.1312 | |||
| Maximum Drawdown | 28.49 | |||
| Value At Risk | (5.76) | |||
| Potential Upside | 5.65 |
AVCON Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AVCON Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AVCON Information's standard deviation. In reality, there are many statistical measures that can use AVCON Information historical prices to predict the future AVCON Information's volatility.| Risk Adjusted Performance | 0.1332 | |||
| Jensen Alpha | 0.6599 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.12 | |||
| Treynor Ratio | 3.4 |
AVCON Information Tech Backtested Returns
AVCON Information appears to be unstable, given 3 months investment horizon. AVCON Information Tech retains Efficiency (Sharpe Ratio) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By inspecting AVCON Information's technical indicators, you can evaluate if the expected return of 0.84% is justified by implied risk. Please makes use of AVCON Information's market risk adjusted performance of 3.41, and Coefficient Of Variation of 611.53 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AVCON Information holds a performance score of 15. The firm owns a Beta (Systematic Risk) of 0.2, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AVCON Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding AVCON Information is expected to be smaller as well. Please check AVCON Information's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether AVCON Information's current price history will revert.
Auto-correlation | 0.72 |
Good predictability
AVCON Information Tech has good predictability. Overlapping area represents the amount of predictability between AVCON Information time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 AVCON Information Tech price movement. The serial correlation of 0.72 indicates that around 72.0% of current AVCON Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
AVCON Information Tech lagged returns against current returns
Autocorrelation, which is AVCON Information 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 AVCON Information's stock expected returns. We can calculate the autocorrelation of AVCON Information returns to help us make a trade decision. For example, suppose you find that AVCON Information 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 |
AVCON Information 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 AVCON Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AVCON Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AVCON Information stock over time.
Current vs Lagged Prices |
| Timeline |
AVCON Information Lagged Returns
When evaluating AVCON Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AVCON Information stock have on its future price. AVCON Information 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, AVCON Information autocorrelation shows the relationship between AVCON Information stock current value and its past values and can show if there is a momentum factor associated with investing in AVCON Information Tech.
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 AVCON Stock
AVCON Information financial ratios help investors to determine whether AVCON 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 AVCON with respect to the benefits of owning AVCON Information security.