Anhui Gujing (China) Market Value
| 000596 Stock | 195.64 9.58 4.67% |
| Symbol | Anhui |
Anhui Gujing '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 Gujing'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 Gujing.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Anhui Gujing on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Gujing Distillery or generate 0.0% return on investment in Anhui Gujing over 30 days. Anhui Gujing is related to or competes with China Life, Cinda Securities, Piotech, Dongxing Sec, Shanghai OPM, National Silicon, and China Molybdenum. Anhui Gujing is entity of China. It is traded as Stock on SHE exchange. More
Anhui Gujing 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 Gujing'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 Gujing Distillery upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.13 | |||
| Information Ratio | 0.056 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 9.98 |
Anhui Gujing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Gujing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Gujing's standard deviation. In reality, there are many statistical measures that can use Anhui Gujing historical prices to predict the future Anhui Gujing's volatility.| Risk Adjusted Performance | 0.0677 | |||
| Jensen Alpha | 0.2745 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0683 | |||
| Treynor Ratio | 0.9226 |
Anhui Gujing Distillery Backtested Returns
Anhui Gujing appears to be very steady, given 3 months investment horizon. Anhui Gujing Distillery secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. By analyzing Anhui Gujing's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please makes use of Anhui Gujing's mean deviation of 2.72, and Risk Adjusted Performance of 0.0677 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anhui Gujing holds a performance score of 12. The firm shows a Beta (market volatility) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Anhui Gujing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Gujing is expected to be smaller as well. Please check Anhui Gujing's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Anhui Gujing's price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Anhui Gujing Distillery has weak reverse predictability. Overlapping area represents the amount of predictability between Anhui Gujing time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Gujing Distillery price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Anhui Gujing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 30.11 |
Anhui Gujing Distillery lagged returns against current returns
Autocorrelation, which is Anhui Gujing 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 Gujing's stock expected returns. We can calculate the autocorrelation of Anhui Gujing returns to help us make a trade decision. For example, suppose you find that Anhui Gujing 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 Gujing 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 Gujing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Gujing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Gujing stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Gujing Lagged Returns
When evaluating Anhui Gujing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Gujing stock have on its future price. Anhui Gujing 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 Gujing autocorrelation shows the relationship between Anhui Gujing stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Gujing Distillery.
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 Anhui Stock
Anhui Gujing 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 Gujing security.