Aurora Optoelectronics (China) Market Value
| 600666 Stock | 2.67 0.17 5.99% |
| Symbol | Aurora |
Aurora Optoelectronics '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 Aurora Optoelectronics' 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 Aurora Optoelectronics.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Aurora Optoelectronics on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Aurora Optoelectronics Co or generate 0.0% return on investment in Aurora Optoelectronics over 570 days. Aurora Optoelectronics is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. Aurora Optoelectronics is entity of China More
Aurora Optoelectronics 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 Aurora Optoelectronics' 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 Aurora Optoelectronics Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.55 | |||
| Information Ratio | 0.1694 | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (6.87) | |||
| Potential Upside | 10.2 |
Aurora Optoelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aurora Optoelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aurora Optoelectronics' standard deviation. In reality, there are many statistical measures that can use Aurora Optoelectronics historical prices to predict the future Aurora Optoelectronics' volatility.| Risk Adjusted Performance | 0.1594 | |||
| Jensen Alpha | 0.9407 | |||
| Total Risk Alpha | 0.1777 | |||
| Sortino Ratio | 0.1771 | |||
| Treynor Ratio | (8.45) |
Aurora Optoelectronics Backtested Returns
Aurora Optoelectronics is dangerous given 3 months investment horizon. Aurora Optoelectronics secures Sharpe Ratio (or Efficiency) of 0.25, which signifies that the company had a 0.25% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.21% are justified by taking the suggested risk. Use Aurora Optoelectronics Mean Deviation of 3.58, risk adjusted performance of 0.1594, and Downside Deviation of 4.55 to evaluate company specific risk that cannot be diversified away. Aurora Optoelectronics holds a performance score of 20 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aurora Optoelectronics are expected to decrease at a much lower rate. During the bear market, Aurora Optoelectronics is likely to outperform the market. Use Aurora Optoelectronics total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to analyze future returns on Aurora Optoelectronics.
Auto-correlation | -0.24 |
Weak reverse predictability
Aurora Optoelectronics Co has weak reverse predictability. Overlapping area represents the amount of predictability between Aurora Optoelectronics time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Aurora Optoelectronics price movement. The serial correlation of -0.24 indicates that over 24.0% of current Aurora Optoelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Aurora Optoelectronics lagged returns against current returns
Autocorrelation, which is Aurora Optoelectronics 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 Aurora Optoelectronics' stock expected returns. We can calculate the autocorrelation of Aurora Optoelectronics returns to help us make a trade decision. For example, suppose you find that Aurora Optoelectronics 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 |
Aurora Optoelectronics 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 Aurora Optoelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aurora Optoelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aurora Optoelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
Aurora Optoelectronics Lagged Returns
When evaluating Aurora Optoelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aurora Optoelectronics stock have on its future price. Aurora Optoelectronics 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, Aurora Optoelectronics autocorrelation shows the relationship between Aurora Optoelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Aurora Optoelectronics Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Aurora Stock
Aurora Optoelectronics financial ratios help investors to determine whether Aurora 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 Aurora with respect to the benefits of owning Aurora Optoelectronics security.