Anji Microelectronics (China) Market Value
| 688019 Stock | 149.01 2.01 1.37% |
| Symbol | Anji |
Anji Microelectronics '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 Anji Microelectronics' 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 Anji Microelectronics.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Anji Microelectronics on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Anji Microelectronics Tech or generate 0.0% return on investment in Anji Microelectronics over 210 days. Anji Microelectronics is related to or competes with Lingyuan Iron, Beijing SPC, Jilin Chemical, Ningxia Younglight, Fujian Nanwang, Anyang Iron, and Sinosteel Engineering. Anji Microelectronics is entity of China More
Anji Microelectronics 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 Anji Microelectronics' 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 Anji Microelectronics Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0934 | |||
| Maximum Drawdown | 29.66 | |||
| Value At Risk | (4.81) | |||
| Potential Upside | 7.12 |
Anji Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anji Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anji Microelectronics' standard deviation. In reality, there are many statistical measures that can use Anji Microelectronics historical prices to predict the future Anji Microelectronics' volatility.| Risk Adjusted Performance | 0.0958 | |||
| Jensen Alpha | 0.5882 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1405 | |||
| Treynor Ratio | (1.16) |
Anji Microelectronics Backtested Returns
Anji Microelectronics appears to be very steady, given 3 months investment horizon. Anji Microelectronics secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing Anji Microelectronics' technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please makes use of Anji Microelectronics' Risk Adjusted Performance of 0.0958, downside deviation of 2.99, and Mean Deviation of 2.87 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anji Microelectronics holds a performance score of 11. The firm shows a Beta (market volatility) of -0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Anji Microelectronics are expected to decrease at a much lower rate. During the bear market, Anji Microelectronics is likely to outperform the market. Please check Anji Microelectronics' semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Anji Microelectronics' price patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Anji Microelectronics Tech has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Anji Microelectronics time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th 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 Anji Microelectronics price movement. The serial correlation of -0.76 indicates that around 76.0% of current Anji Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 419.23 |
Anji Microelectronics lagged returns against current returns
Autocorrelation, which is Anji Microelectronics 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 Anji Microelectronics' stock expected returns. We can calculate the autocorrelation of Anji Microelectronics returns to help us make a trade decision. For example, suppose you find that Anji Microelectronics 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 |
Anji Microelectronics 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 Anji Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anji Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anji Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
Anji Microelectronics Lagged Returns
When evaluating Anji Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anji Microelectronics stock have on its future price. Anji Microelectronics 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, Anji Microelectronics autocorrelation shows the relationship between Anji Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Anji Microelectronics Tech.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anji Stock
Anji Microelectronics financial ratios help investors to determine whether Anji 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 Anji with respect to the benefits of owning Anji Microelectronics security.