Aier Eye's market value is the price at which a share of Aier Eye trades on a public exchange. It measures the collective expectations of Aier Eye Hospital investors about its performance. Aier Eye is trading at 12.42 as of the 19th of January 2025, a 0.32% down since the beginning of the trading day. The stock's open price was 12.46. With this module, you can estimate the performance of a buy and hold strategy of Aier Eye Hospital and determine expected loss or profit from investing in Aier Eye over a given investment horizon. Check out Aier Eye Correlation, Aier Eye Volatility and Aier Eye Alpha and Beta module to complement your research on Aier Eye.
Please note, there is a significant difference between Aier Eye's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aier Eye is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aier Eye's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Aier Eye '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 Aier Eye'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 Aier Eye.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Aier Eye on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Aier Eye Hospital or generate 0.0% return on investment in Aier Eye over 30 days. Aier Eye is related to or competes with Juneyao Airlines, GRG Banking, Financial Street, Jinhui Mining, Guocheng Mining, Panda Financial, and Jiangxi Naipu. Aier Eye is entity of China. It is traded as Stock on SHE exchange. More
Aier Eye 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 Aier Eye'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 Aier Eye Hospital upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aier Eye's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aier Eye's standard deviation. In reality, there are many statistical measures that can use Aier Eye historical prices to predict the future Aier Eye's volatility.
Aier Eye Hospital 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. Aier Eye Hospital exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aier Eye's mean deviation of 1.86, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aier Eye's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aier Eye is expected to be smaller as well. At this point, Aier Eye Hospital has a negative expected return of -0.24%. Please make sure to confirm Aier Eye's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Aier Eye Hospital performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.3
Weak reverse predictability
Aier Eye Hospital has weak reverse predictability. Overlapping area represents the amount of predictability between Aier Eye time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aier Eye Hospital price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Aier Eye price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.3
Spearman Rank Test
-0.45
Residual Average
0.0
Price Variance
0.02
Aier Eye Hospital lagged returns against current returns
Autocorrelation, which is Aier Eye 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 Aier Eye's stock expected returns. We can calculate the autocorrelation of Aier Eye returns to help us make a trade decision. For example, suppose you find that Aier Eye 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
Aier Eye 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 Aier Eye stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aier Eye stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aier Eye stock over time.
Current vs Lagged Prices
Timeline
Aier Eye Lagged Returns
When evaluating Aier Eye's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aier Eye stock have on its future price. Aier Eye 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, Aier Eye autocorrelation shows the relationship between Aier Eye stock current value and its past values and can show if there is a momentum factor associated with investing in Aier Eye Hospital.
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.
Aier Eye financial ratios help investors to determine whether Aier 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 Aier with respect to the benefits of owning Aier Eye security.