Anhui Jinhe (China) Market Value
| 002597 Stock | 24.66 0.07 0.28% |
| Symbol | Anhui |
Anhui Jinhe '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 Jinhe'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 Jinhe.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Anhui Jinhe on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Jinhe Industrial or generate 0.0% return on investment in Anhui Jinhe over 30 days. Anhui Jinhe is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Anhui Jinhe is entity of China. It is traded as Stock on SHE exchange. More
Anhui Jinhe 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 Jinhe'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 Jinhe Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.0952 | |||
| Maximum Drawdown | 18.49 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 5.48 |
Anhui Jinhe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Jinhe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Jinhe's standard deviation. In reality, there are many statistical measures that can use Anhui Jinhe historical prices to predict the future Anhui Jinhe's volatility.| Risk Adjusted Performance | 0.115 | |||
| Jensen Alpha | 0.3276 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1054 | |||
| Treynor Ratio | 0.6025 |
Anhui Jinhe Industrial Backtested Returns
Anhui Jinhe appears to be not too volatile, given 3 months investment horizon. Anhui Jinhe Industrial secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Anhui Jinhe Industrial, which you can use to evaluate the volatility of the firm. Please makes use of Anhui Jinhe's risk adjusted performance of 0.115, and Mean Deviation of 2.24 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anhui Jinhe holds a performance score of 8. The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Anhui Jinhe's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Jinhe is expected to be smaller as well. Please check Anhui Jinhe's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Anhui Jinhe's price patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Anhui Jinhe Industrial has very good reverse predictability. Overlapping area represents the amount of predictability between Anhui Jinhe time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Anhui Jinhe Industrial price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Anhui Jinhe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Anhui Jinhe Industrial lagged returns against current returns
Autocorrelation, which is Anhui Jinhe 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 Jinhe's stock expected returns. We can calculate the autocorrelation of Anhui Jinhe returns to help us make a trade decision. For example, suppose you find that Anhui Jinhe 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 Jinhe 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 Jinhe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Jinhe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Jinhe stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Jinhe Lagged Returns
When evaluating Anhui Jinhe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Jinhe stock have on its future price. Anhui Jinhe 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 Jinhe autocorrelation shows the relationship between Anhui Jinhe stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Jinhe Industrial.
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 Jinhe 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 Jinhe security.