Andon Health (China) Market Value
| 002432 Stock | 43.26 0.36 0.84% |
| Symbol | Andon |
Andon Health '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 Andon Health'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 Andon Health.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Andon Health on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Andon Health Co or generate 0.0% return on investment in Andon Health over 180 days. Andon Health is related to or competes with Hubeiyichang Transportation, Southern PublishingMedia, Zhejiang Publishing, Guizhou BroadcastingTV, Anhui Gujing, RoadMain T, and Changjiang Publishing. Andon Health is entity of China. It is traded as Stock on SHE exchange. More
Andon Health 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 Andon Health'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 Andon Health Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.25 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.96 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 2.98 |
Andon Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Andon Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Andon Health's standard deviation. In reality, there are many statistical measures that can use Andon Health historical prices to predict the future Andon Health's volatility.| Risk Adjusted Performance | 0.0295 | |||
| Jensen Alpha | 0.0844 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.45) |
Andon Health Backtested Returns
At this point, Andon Health is very steady. Andon Health secures Sharpe Ratio (or Efficiency) of 0.0481, which signifies that the company had a 0.0481% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Andon Health Co, which you can use to evaluate the volatility of the firm. Please confirm Andon Health's risk adjusted performance of 0.0295, and Mean Deviation of 1.74 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. Andon Health has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Andon Health are expected to decrease at a much lower rate. During the bear market, Andon Health is likely to outperform the market. Andon Health right now shows a risk of 2.69%. Please confirm Andon Health mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Andon Health will be following its price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Andon Health Co has poor reverse predictability. Overlapping area represents the amount of predictability between Andon Health time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Andon Health price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Andon Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 4.25 |
Andon Health lagged returns against current returns
Autocorrelation, which is Andon Health 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 Andon Health's stock expected returns. We can calculate the autocorrelation of Andon Health returns to help us make a trade decision. For example, suppose you find that Andon Health 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 |
Andon Health 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 Andon Health stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Andon Health stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Andon Health stock over time.
Current vs Lagged Prices |
| Timeline |
Andon Health Lagged Returns
When evaluating Andon Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Andon Health stock have on its future price. Andon Health 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, Andon Health autocorrelation shows the relationship between Andon Health stock current value and its past values and can show if there is a momentum factor associated with investing in Andon Health Co.
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 Andon Stock
Andon Health financial ratios help investors to determine whether Andon 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 Andon with respect to the benefits of owning Andon Health security.