Anhui Huaren (China) Market Value
| 301408 Stock | 12.26 0.18 1.45% |
| Symbol | Anhui |
Anhui Huaren '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 Anhui Huaren'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 Anhui Huaren.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Anhui Huaren on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Huaren Health or generate 0.0% return on investment in Anhui Huaren over 30 days. Anhui Huaren is related to or competes with Aluminum Corp, COL Digital, Shaanxi Meineng, Gansu Huangtai, Lushang Property, and Threes Company. Anhui Huaren is entity of China. It is traded as Stock on SHE exchange. More
Anhui Huaren 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 Anhui Huaren'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 Anhui Huaren Health upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.0534 | |||
| Maximum Drawdown | 28.14 | |||
| Value At Risk | (5.13) | |||
| Potential Upside | 7.85 |
Anhui Huaren Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Huaren's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Huaren's standard deviation. In reality, there are many statistical measures that can use Anhui Huaren historical prices to predict the future Anhui Huaren's volatility.| Risk Adjusted Performance | 0.0696 | |||
| Jensen Alpha | 0.353 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0588 | |||
| Treynor Ratio | (0.81) |
Anhui Huaren Health Backtested Returns
Anhui Huaren appears to be somewhat reliable, given 3 months investment horizon. Anhui Huaren Health secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Anhui Huaren Health, which you can use to evaluate the volatility of the firm. Please makes use of Anhui Huaren's risk adjusted performance of 0.0696, and Mean Deviation of 2.85 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anhui Huaren holds a performance score of 8. The firm shows a Beta (market volatility) of -0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Anhui Huaren are expected to decrease at a much lower rate. During the bear market, Anhui Huaren is likely to outperform the market. Please check Anhui Huaren's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Anhui Huaren's price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Anhui Huaren Health has good reverse predictability. Overlapping area represents the amount of predictability between Anhui Huaren time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 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 Anhui Huaren Health price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Anhui Huaren price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Anhui Huaren Health lagged returns against current returns
Autocorrelation, which is Anhui Huaren 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 Anhui Huaren's stock expected returns. We can calculate the autocorrelation of Anhui Huaren returns to help us make a trade decision. For example, suppose you find that Anhui Huaren 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 |
Anhui Huaren 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 Anhui Huaren stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Huaren stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Huaren stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Huaren Lagged Returns
When evaluating Anhui Huaren's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Huaren stock have on its future price. Anhui Huaren 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, Anhui Huaren autocorrelation shows the relationship between Anhui Huaren stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Huaren Health.
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 Anhui Stock
Anhui Huaren financial ratios help investors to determine whether Anhui 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 Anhui with respect to the benefits of owning Anhui Huaren security.