AVIC Fund (China) Market Value
| 508096 Stock | 10.06 0.05 0.50% |
| Symbol | AVIC |
Please note, there is a significant difference between AVIC Fund's value and its price as these two are different measures arrived at by different means. Investors typically determine if AVIC Fund is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AVIC Fund'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.
AVIC Fund '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 AVIC Fund'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 AVIC Fund.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in AVIC Fund on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding AVIC Fund Management or generate 0.0% return on investment in AVIC Fund over 30 days. AVIC Fund is related to or competes with Industrial, Kweichow Moutai, Agricultural Bank, China Mobile, PetroChina, China Construction, and Bank of China. AVIC Fund is entity of China. It is traded as Stock on SHG exchange. More
AVIC Fund 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 AVIC Fund'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 AVIC Fund Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3477 | |||
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 1.83 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.7085 |
AVIC Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AVIC Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AVIC Fund's standard deviation. In reality, there are many statistical measures that can use AVIC Fund historical prices to predict the future AVIC Fund's volatility.| Risk Adjusted Performance | 0.0365 | |||
| Jensen Alpha | 0.0074 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.31) | |||
| Treynor Ratio | 0.3209 |
AVIC Fund Management Backtested Returns
At this point, AVIC Fund is very steady. AVIC Fund Management secures Sharpe Ratio (or Efficiency) of 0.0481, which signifies that the company had a 0.0481% return per unit of return volatility over the last 3 months. We have found twenty-eight technical indicators for AVIC Fund Management, which you can use to evaluate the volatility of the firm. Please confirm AVIC Fund's Mean Deviation of 0.2408, risk adjusted performance of 0.0365, and Semi Deviation of 0.2172 to double-check if the risk estimate we provide is consistent with the expected return of 0.0163%. AVIC Fund has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0368, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AVIC Fund's returns are expected to increase less than the market. However, during the bear market, the loss of holding AVIC Fund is expected to be smaller as well. AVIC Fund Management now shows a risk of 0.34%. Please confirm AVIC Fund Management downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if AVIC Fund Management will be following its price patterns.
Auto-correlation | 0.19 |
Very weak predictability
AVIC Fund Management has very weak predictability. Overlapping area represents the amount of predictability between AVIC Fund time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 AVIC Fund Management price movement. The serial correlation of 0.19 indicates that over 19.0% of current AVIC Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AVIC Fund Management lagged returns against current returns
Autocorrelation, which is AVIC Fund 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 AVIC Fund's stock expected returns. We can calculate the autocorrelation of AVIC Fund returns to help us make a trade decision. For example, suppose you find that AVIC Fund 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 |
AVIC Fund 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 AVIC Fund stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AVIC Fund stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AVIC Fund stock over time.
Current vs Lagged Prices |
| Timeline |
AVIC Fund Lagged Returns
When evaluating AVIC Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AVIC Fund stock have on its future price. AVIC Fund 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, AVIC Fund autocorrelation shows the relationship between AVIC Fund stock current value and its past values and can show if there is a momentum factor associated with investing in AVIC Fund Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AVIC Stock
AVIC Fund financial ratios help investors to determine whether AVIC 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 AVIC with respect to the benefits of owning AVIC Fund security.