Anhui Gujing (China) Market Value
| 000596 Stock | 189.80 2.89 1.55% |
| 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.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Anhui Gujing on September 27, 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 60 days. Anhui Gujing is related to or competes with BYD Co, China Mobile, Agricultural Bank, Industrial, China State, China Construction, and PetroChina. 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 | 3.07 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (4.36) | |||
| 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 | 0.0326 | |||
| Jensen Alpha | 0.1495 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.38) |
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 0.0865, which signifies that the company had a 0.0865% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Anhui Gujing Distillery, which you can use to evaluate the volatility of the firm. Please makes use of Anhui Gujing's mean deviation of 2.77, and Risk Adjusted Performance of 0.0326 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 6. The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Anhui Gujing are expected to decrease at a much lower rate. During the bear market, Anhui Gujing is likely to outperform the market. Please check Anhui Gujing'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 Anhui Gujing's price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Anhui Gujing Distillery has very good reverse predictability. Overlapping area represents the amount of predictability between Anhui Gujing time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th of November 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 -0.68 indicates that around 68.0% of current Anhui Gujing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 71.5 |
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.