Dongguan Aohai (China) Market Value
| 002993 Stock | 39.95 0.82 2.01% |
| Symbol | Dongguan |
Dongguan Aohai '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 Dongguan Aohai'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 Dongguan Aohai.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Dongguan Aohai on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Dongguan Aohai Technology or generate 0.0% return on investment in Dongguan Aohai over 30 days. Dongguan Aohai is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Dongguan Aohai is entity of China. It is traded as Stock on SHE exchange. More
Dongguan Aohai 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 Dongguan Aohai'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 Dongguan Aohai Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.1695 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (5.36) | |||
| Potential Upside | 10.01 |
Dongguan Aohai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongguan Aohai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongguan Aohai's standard deviation. In reality, there are many statistical measures that can use Dongguan Aohai historical prices to predict the future Dongguan Aohai's volatility.| Risk Adjusted Performance | 0.151 | |||
| Jensen Alpha | 0.8409 | |||
| Total Risk Alpha | 0.223 | |||
| Sortino Ratio | 0.2155 | |||
| Treynor Ratio | (2.08) |
Dongguan Aohai Technology Backtested Returns
Dongguan Aohai is not too volatile given 3 months investment horizon. Dongguan Aohai Technology secures Sharpe Ratio (or Efficiency) of 0.25, which denotes the company had a 0.25% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.1% are justified by taking the suggested risk. Use Dongguan Aohai Mean Deviation of 3.06, downside deviation of 3.25, and Coefficient Of Variation of 508.84 to evaluate company specific risk that cannot be diversified away. Dongguan Aohai holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.38, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dongguan Aohai are expected to decrease at a much lower rate. During the bear market, Dongguan Aohai is likely to outperform the market. Use Dongguan Aohai semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to analyze future returns on Dongguan Aohai.
Auto-correlation | 0.03 |
Virtually no predictability
Dongguan Aohai Technology has virtually no predictability. Overlapping area represents the amount of predictability between Dongguan Aohai time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Dongguan Aohai Technology price movement. The serial correlation of 0.03 indicates that only 3.0% of current Dongguan Aohai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 4.31 |
Dongguan Aohai Technology lagged returns against current returns
Autocorrelation, which is Dongguan Aohai 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 Dongguan Aohai's stock expected returns. We can calculate the autocorrelation of Dongguan Aohai returns to help us make a trade decision. For example, suppose you find that Dongguan Aohai 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 |
Dongguan Aohai 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 Dongguan Aohai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongguan Aohai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongguan Aohai stock over time.
Current vs Lagged Prices |
| Timeline |
Dongguan Aohai Lagged Returns
When evaluating Dongguan Aohai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongguan Aohai stock have on its future price. Dongguan Aohai 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, Dongguan Aohai autocorrelation shows the relationship between Dongguan Aohai stock current value and its past values and can show if there is a momentum factor associated with investing in Dongguan Aohai Technology.
Regressed Prices |
| Timeline |
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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 Dongguan Stock
Dongguan Aohai financial ratios help investors to determine whether Dongguan 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 Dongguan with respect to the benefits of owning Dongguan Aohai security.