Aofu Environmental (China) Market Value
| 688021 Stock | 11.64 0.78 6.28% |
| Symbol | Aofu |
Aofu Environmental '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 Aofu Environmental'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 Aofu Environmental.
| 05/28/2023 |
| 12/18/2024 |
If you would invest 0.00 in Aofu Environmental on May 28, 2023 and sell it all today you would earn a total of 0.00 from holding Aofu Environmental Technology or generate 0.0% return on investment in Aofu Environmental over 570 days. Aofu Environmental is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Aofu Environmental is entity of China. It is traded as Stock on SHG exchange. More
Aofu Environmental 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 Aofu Environmental'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 Aofu Environmental Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | 0.1785 | |||
| Maximum Drawdown | 23.83 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 5.66 |
Aofu Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aofu Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aofu Environmental's standard deviation. In reality, there are many statistical measures that can use Aofu Environmental historical prices to predict the future Aofu Environmental's volatility.| Risk Adjusted Performance | 0.1507 | |||
| Jensen Alpha | 0.7366 | |||
| Total Risk Alpha | 0.4253 | |||
| Sortino Ratio | 0.1916 | |||
| Treynor Ratio | (2.68) |
Aofu Environmental Backtested Returns
Aofu Environmental appears to be somewhat reliable, given 3 months investment horizon. Aofu Environmental secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of standard deviation over the last 3 months. By analyzing Aofu Environmental's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please makes use of Aofu Environmental's risk adjusted performance of 0.1507, and Mean Deviation of 2.65 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aofu Environmental holds a performance score of 16. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aofu Environmental are expected to decrease at a much lower rate. During the bear market, Aofu Environmental is likely to outperform the market. Please check Aofu Environmental'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 Aofu Environmental's price patterns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Aofu Environmental Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Aofu Environmental time series from 28th of May 2023 to 8th of March 2024 and 8th of March 2024 to 18th 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 Aofu Environmental price movement. The serial correlation of -0.21 indicates that over 21.0% of current Aofu Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 3.27 |
Aofu Environmental lagged returns against current returns
Autocorrelation, which is Aofu Environmental 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 Aofu Environmental's stock expected returns. We can calculate the autocorrelation of Aofu Environmental returns to help us make a trade decision. For example, suppose you find that Aofu Environmental 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 |
Aofu Environmental 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 Aofu Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aofu Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aofu Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Aofu Environmental Lagged Returns
When evaluating Aofu Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aofu Environmental stock have on its future price. Aofu Environmental 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, Aofu Environmental autocorrelation shows the relationship between Aofu Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Aofu Environmental Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aofu Stock
Aofu Environmental financial ratios help investors to determine whether Aofu 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 Aofu with respect to the benefits of owning Aofu Environmental security.