Anyang Iron (China) Market Value
| 600569 Stock | 1.86 0.02 1.06% |
| Symbol | Anyang |
Anyang Iron '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 Anyang Iron'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 Anyang Iron.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Anyang Iron on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Anyang Iron Steel or generate 0.0% return on investment in Anyang Iron over 30 days. Anyang Iron is related to or competes with ChengDu Hi, Chahua Modern, Jiangxi Hengda, Jonjee Hi, Shanghai Metersbonwe, Xinjiang Communications, and Tianjin Hi. Anyang Iron is entity of China. It is traded as Stock on SHG exchange. More
Anyang Iron 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 Anyang Iron'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 Anyang Iron Steel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.14 | |||
| Information Ratio | 0.1007 | |||
| Maximum Drawdown | 19.89 | |||
| Value At Risk | (3.05) | |||
| Potential Upside | 7.83 |
Anyang Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anyang Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anyang Iron's standard deviation. In reality, there are many statistical measures that can use Anyang Iron historical prices to predict the future Anyang Iron's volatility.| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 0.6199 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1126 | |||
| Treynor Ratio | (0.44) |
Anyang Iron Steel Backtested Returns
Anyang Iron appears to be dangerous, given 3 months investment horizon. Anyang Iron Steel secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. By analyzing Anyang Iron's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Anyang Iron's Downside Deviation of 3.14, mean deviation of 2.46, and Risk Adjusted Performance of 0.1147 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anyang Iron holds a performance score of 12. The firm shows a Beta (market volatility) of -1.08, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Anyang Iron are expected to decrease slowly. On the other hand, during market turmoil, Anyang Iron is expected to outperform it slightly. Please check Anyang Iron's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Anyang Iron's price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Anyang Iron Steel has below average predictability. Overlapping area represents the amount of predictability between Anyang Iron time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 Anyang Iron Steel price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Anyang Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Anyang Iron Steel lagged returns against current returns
Autocorrelation, which is Anyang Iron 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 Anyang Iron's stock expected returns. We can calculate the autocorrelation of Anyang Iron returns to help us make a trade decision. For example, suppose you find that Anyang Iron 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 |
Anyang Iron 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 Anyang Iron stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anyang Iron stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anyang Iron stock over time.
Current vs Lagged Prices |
| Timeline |
Anyang Iron Lagged Returns
When evaluating Anyang Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anyang Iron stock have on its future price. Anyang Iron 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, Anyang Iron autocorrelation shows the relationship between Anyang Iron stock current value and its past values and can show if there is a momentum factor associated with investing in Anyang Iron Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anyang Stock
Anyang Iron financial ratios help investors to determine whether Anyang 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 Anyang with respect to the benefits of owning Anyang Iron security.