Autek China (China) Market Value
| 300595 Stock | 18.87 0.37 2.00% |
| Symbol | Autek |
Autek China '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 Autek China'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 Autek China.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Autek China on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Autek China or generate 0.0% return on investment in Autek China over 180 days. Autek China is related to or competes with Offshore Oil, Guangdong Jinming, Yindu Kitchen, Shaanxi Construction, Tengda Construction, Lutian Machinery, and Anhui Huilong. Autek China is entity of China. It is traded as Stock on SHE exchange. More
Autek China 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 Autek China'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 Autek China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.97 | |||
| Information Ratio | 0.0803 | |||
| Maximum Drawdown | 36.16 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 9.88 |
Autek China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Autek China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Autek China's standard deviation. In reality, there are many statistical measures that can use Autek China historical prices to predict the future Autek China's volatility.| Risk Adjusted Performance | 0.0915 | |||
| Jensen Alpha | 0.5333 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.098 | |||
| Treynor Ratio | (3.90) |
Autek China Backtested Returns
Autek China appears to be somewhat reliable, given 3 months investment horizon. Autek China secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Autek China's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please makes use of Autek China's Risk Adjusted Performance of 0.0915, mean deviation of 2.88, and Downside Deviation of 3.97 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Autek China holds a performance score of 9. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Autek China are expected to decrease at a much lower rate. During the bear market, Autek China is likely to outperform the market. Please check Autek China's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Autek China's price patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Autek China has good reverse predictability. Overlapping area represents the amount of predictability between Autek China time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Autek China price movement. The serial correlation of -0.54 indicates that about 54.0% of current Autek China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 6.97 |
Autek China lagged returns against current returns
Autocorrelation, which is Autek China 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 Autek China's stock expected returns. We can calculate the autocorrelation of Autek China returns to help us make a trade decision. For example, suppose you find that Autek China 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 |
Autek China 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 Autek China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Autek China stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Autek China stock over time.
Current vs Lagged Prices |
| Timeline |
Autek China Lagged Returns
When evaluating Autek China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Autek China stock have on its future price. Autek China 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, Autek China autocorrelation shows the relationship between Autek China stock current value and its past values and can show if there is a momentum factor associated with investing in Autek China.
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 Autek Stock
Autek China financial ratios help investors to determine whether Autek 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 Autek with respect to the benefits of owning Autek China security.