Anhui Huaheng (China) Market Value
| 688639 Stock | 32.61 0.34 1.03% |
| Symbol | Anhui |
Anhui Huaheng '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 Huaheng'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 Huaheng.
| 10/30/2024 |
| 12/29/2024 |
If you would invest 0.00 in Anhui Huaheng on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Huaheng Biotechnology or generate 0.0% return on investment in Anhui Huaheng over 60 days. Anhui Huaheng is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Anhui Huaheng is entity of China. It is traded as Stock on SHG exchange. More
Anhui Huaheng 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 Huaheng'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 Huaheng Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.21 | |||
| Information Ratio | 0.0723 | |||
| Maximum Drawdown | 33.71 | |||
| Value At Risk | (5.43) | |||
| Potential Upside | 9.68 |
Anhui Huaheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Huaheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Huaheng's standard deviation. In reality, there are many statistical measures that can use Anhui Huaheng historical prices to predict the future Anhui Huaheng's volatility.| Risk Adjusted Performance | 0.071 | |||
| Jensen Alpha | 0.4055 | |||
| Total Risk Alpha | 0.2555 | |||
| Sortino Ratio | 0.0901 | |||
| Treynor Ratio | (2.39) |
Anhui Huaheng Biotec Backtested Returns
Anhui Huaheng Biotec secures Sharpe Ratio (or Efficiency) of -0.0501, which signifies that the company had a -0.0501% return per unit of standard deviation over the last 3 months. Anhui Huaheng Biotechnology exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anhui Huaheng's risk adjusted performance of 0.071, and Mean Deviation of 3.57 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Anhui Huaheng are expected to decrease at a much lower rate. During the bear market, Anhui Huaheng is likely to outperform the market. At this point, Anhui Huaheng Biotec has a negative expected return of -0.22%. Please make sure to confirm Anhui Huaheng's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Anhui Huaheng Biotec performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Anhui Huaheng Biotechnology has poor predictability. Overlapping area represents the amount of predictability between Anhui Huaheng time series from 30th of October 2024 to 29th of November 2024 and 29th of November 2024 to 29th 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 Huaheng Biotec price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Anhui Huaheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 2.48 |
Anhui Huaheng Biotec lagged returns against current returns
Autocorrelation, which is Anhui Huaheng 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 Huaheng's stock expected returns. We can calculate the autocorrelation of Anhui Huaheng returns to help us make a trade decision. For example, suppose you find that Anhui Huaheng 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 Huaheng 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 Huaheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Huaheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Huaheng stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Huaheng Lagged Returns
When evaluating Anhui Huaheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Huaheng stock have on its future price. Anhui Huaheng 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 Huaheng autocorrelation shows the relationship between Anhui Huaheng stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Huaheng Biotechnology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anhui Stock
Anhui Huaheng 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 Huaheng security.