Anker Innovations (China) Market Value
| 300866 Stock | 96.19 0.18 0.19% |
| Symbol | Anker |
Anker Innovations '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 Anker Innovations' 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 Anker Innovations.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Anker Innovations on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Anker Innovations Technology or generate 0.0% return on investment in Anker Innovations over 720 days. Anker Innovations is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. Anker Innovations is entity of China. It is traded as Stock on SHE exchange. More
Anker Innovations 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 Anker Innovations' 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 Anker Innovations Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.1478 | |||
| Maximum Drawdown | 24.78 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 6.18 |
Anker Innovations Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anker Innovations' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anker Innovations' standard deviation. In reality, there are many statistical measures that can use Anker Innovations historical prices to predict the future Anker Innovations' volatility.| Risk Adjusted Performance | 0.1355 | |||
| Jensen Alpha | 0.5991 | |||
| Total Risk Alpha | 0.4267 | |||
| Sortino Ratio | 0.1708 | |||
| Treynor Ratio | (2.26) |
Anker Innovations Backtested Returns
Anker Innovations appears to be very steady, given 3 months investment horizon. Anker Innovations secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. By analyzing Anker Innovations' technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Anker Innovations' Risk Adjusted Performance of 0.1355, mean deviation of 2.5, and Downside Deviation of 3.25 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anker Innovations holds a performance score of 12. 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, returns on owning Anker Innovations are expected to decrease at a much lower rate. During the bear market, Anker Innovations is likely to outperform the market. Please check Anker Innovations' coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Anker Innovations' price patterns will revert.
Auto-correlation | 0.64 |
Good predictability
Anker Innovations Technology has good predictability. Overlapping area represents the amount of predictability between Anker Innovations time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Anker Innovations price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Anker Innovations price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 139.59 |
Anker Innovations lagged returns against current returns
Autocorrelation, which is Anker Innovations 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 Anker Innovations' stock expected returns. We can calculate the autocorrelation of Anker Innovations returns to help us make a trade decision. For example, suppose you find that Anker Innovations 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 |
Anker Innovations 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 Anker Innovations stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anker Innovations stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anker Innovations stock over time.
Current vs Lagged Prices |
| Timeline |
Anker Innovations Lagged Returns
When evaluating Anker Innovations' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anker Innovations stock have on its future price. Anker Innovations 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, Anker Innovations autocorrelation shows the relationship between Anker Innovations stock current value and its past values and can show if there is a momentum factor associated with investing in Anker Innovations Technology.
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 Anker Stock
Anker Innovations financial ratios help investors to determine whether Anker 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 Anker with respect to the benefits of owning Anker Innovations security.