Allmed Medical (China) Market Value
| 002950 Stock | 9.10 0.47 4.91% |
| Symbol | Allmed |
Allmed Medical '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 Allmed Medical'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 Allmed Medical.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Allmed Medical on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Allmed Medical Products or generate 0.0% return on investment in Allmed Medical over 90 days. Allmed Medical is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, Ping An, China Mobile, and Shanghai Pudong. Allmed Medical is entity of China. It is traded as Stock on SHE exchange. More
Allmed Medical 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 Allmed Medical'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 Allmed Medical Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.1441 | |||
| Maximum Drawdown | 19.86 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 6.54 |
Allmed Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allmed Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allmed Medical's standard deviation. In reality, there are many statistical measures that can use Allmed Medical historical prices to predict the future Allmed Medical's volatility.| Risk Adjusted Performance | 0.148 | |||
| Jensen Alpha | 0.5996 | |||
| Total Risk Alpha | 0.0826 | |||
| Sortino Ratio | 0.1626 | |||
| Treynor Ratio | (5.84) |
Allmed Medical Products Backtested Returns
Allmed Medical appears to be somewhat reliable, given 3 months investment horizon. Allmed Medical Products secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Allmed Medical's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please makes use of Allmed Medical's Downside Deviation of 2.89, mean deviation of 2.27, and Risk Adjusted Performance of 0.148 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allmed Medical holds a performance score of 14. The firm shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Allmed Medical are expected to decrease at a much lower rate. During the bear market, Allmed Medical is likely to outperform the market. Please check Allmed Medical's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Allmed Medical's price patterns will revert.
Auto-correlation | 0.48 |
Average predictability
Allmed Medical Products has average predictability. Overlapping area represents the amount of predictability between Allmed Medical time series from 28th of August 2024 to 12th of October 2024 and 12th 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 Allmed Medical Products price movement. The serial correlation of 0.48 indicates that about 48.0% of current Allmed Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Allmed Medical Products lagged returns against current returns
Autocorrelation, which is Allmed Medical 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 Allmed Medical's stock expected returns. We can calculate the autocorrelation of Allmed Medical returns to help us make a trade decision. For example, suppose you find that Allmed Medical 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 |
Allmed Medical 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 Allmed Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allmed Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allmed Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Allmed Medical Lagged Returns
When evaluating Allmed Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allmed Medical stock have on its future price. Allmed Medical 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, Allmed Medical autocorrelation shows the relationship between Allmed Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Allmed Medical Products.
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 Allmed Stock
Allmed Medical financial ratios help investors to determine whether Allmed 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 Allmed with respect to the benefits of owning Allmed Medical security.