Aba Chemicals' market value is the price at which a share of Aba Chemicals trades on a public exchange. It measures the collective expectations of Aba Chemicals Corp investors about its performance. Aba Chemicals is trading at 6.64 as of the 18th of January 2025, a 0.30% increase since the beginning of the trading day. The stock's open price was 6.62. With this module, you can estimate the performance of a buy and hold strategy of Aba Chemicals Corp and determine expected loss or profit from investing in Aba Chemicals over a given investment horizon. Check out Aba Chemicals Correlation, Aba Chemicals Volatility and Aba Chemicals Alpha and Beta module to complement your research on Aba Chemicals.
Please note, there is a significant difference between Aba Chemicals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Aba Chemicals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aba Chemicals' 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.
Aba Chemicals '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 Aba Chemicals' 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 Aba Chemicals.
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12/19/2024
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In 31 days
01/18/2025
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If you would invest 0.00 in Aba Chemicals on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Aba Chemicals Corp or generate 0.0% return on investment in Aba Chemicals over 30 days. Aba Chemicals is related to or competes with Guangdong Jingyi, Hefei Metalforming, China Sports, Dymatic Chemicals, Shandong Hongchuang, Hubei Xingfa, and Jiaozuo Wanfang. Aba Chemicals is entity of China. It is traded as Stock on SHE exchange. More
Aba Chemicals 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 Aba Chemicals' 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 Aba Chemicals Corp 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 Aba Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aba Chemicals' standard deviation. In reality, there are many statistical measures that can use Aba Chemicals historical prices to predict the future Aba Chemicals' volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Aba Chemicals. Your research has to be compared to or analyzed against Aba Chemicals' peers to derive any actionable benefits. When done correctly, Aba Chemicals' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Aba Chemicals Corp.
Aba Chemicals Corp Backtested Returns
At this point, Aba Chemicals is moderately volatile. Aba Chemicals Corp secures Sharpe Ratio (or Efficiency) of 0.0111, which signifies that the company had a 0.0111% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Aba Chemicals Corp, which you can use to evaluate the volatility of the firm. Please confirm Aba Chemicals' risk adjusted performance of 0.0369, and Mean Deviation of 2.81 to double-check if the risk estimate we provide is consistent with the expected return of 0.0485%. The firm shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aba Chemicals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Aba Chemicals is expected to be smaller as well. Aba Chemicals Corp right now shows a risk of 4.36%. Please confirm Aba Chemicals Corp semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Aba Chemicals Corp will be following its price patterns.
Auto-correlation
-0.35
Poor reverse predictability
Aba Chemicals Corp has poor reverse predictability. Overlapping area represents the amount of predictability between Aba Chemicals time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th 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 Aba Chemicals Corp price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Aba Chemicals price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.35
Spearman Rank Test
-0.57
Residual Average
0.0
Price Variance
0.02
Aba Chemicals Corp lagged returns against current returns
Autocorrelation, which is Aba Chemicals 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 Aba Chemicals' stock expected returns. We can calculate the autocorrelation of Aba Chemicals returns to help us make a trade decision. For example, suppose you find that Aba Chemicals 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
Aba Chemicals 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 Aba Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aba Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aba Chemicals stock over time.
Current vs Lagged Prices
Timeline
Aba Chemicals Lagged Returns
When evaluating Aba Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aba Chemicals stock have on its future price. Aba Chemicals 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, Aba Chemicals autocorrelation shows the relationship between Aba Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Aba Chemicals Corp.
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.
Aba Chemicals financial ratios help investors to determine whether Aba 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 Aba with respect to the benefits of owning Aba Chemicals security.