AECC Aviation (China) Market Value
| 600893 Stock | 40.50 0.18 0.44% |
| Symbol | AECC |
AECC Aviation '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 AECC Aviation'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 AECC Aviation.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in AECC Aviation on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding AECC Aviation Power or generate 0.0% return on investment in AECC Aviation over 30 days. AECC Aviation is related to or competes with Tianjin Capital, Guangdong Liantai, Hang Xiao, Beijing Bashi, Jiangxi JDL, Central Plains, and Gansu Jiu. AECC Aviation is entity of China. It is traded as Stock on SHG exchange. More
AECC Aviation 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 AECC Aviation'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 AECC Aviation Power upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0434 | |||
| Maximum Drawdown | 14.14 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 4.74 |
AECC Aviation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AECC Aviation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AECC Aviation's standard deviation. In reality, there are many statistical measures that can use AECC Aviation historical prices to predict the future AECC Aviation's volatility.| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.2713 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0531 | |||
| Treynor Ratio | (0.68) |
AECC Aviation Power Backtested Returns
AECC Aviation appears to be very steady, given 3 months investment horizon. AECC Aviation Power retains Efficiency (Sharpe Ratio) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AECC Aviation, which you can use to evaluate the volatility of the firm. Please makes use of AECC Aviation's market risk adjusted performance of (0.67), and Coefficient Of Variation of 1121.7 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AECC Aviation holds a performance score of 8. The firm owns a Beta (Systematic Risk) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AECC Aviation are expected to decrease at a much lower rate. During the bear market, AECC Aviation is likely to outperform the market. Please check AECC Aviation's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether AECC Aviation's current price history will revert.
Auto-correlation | 0.03 |
Virtually no predictability
AECC Aviation Power has virtually no predictability. Overlapping area represents the amount of predictability between AECC Aviation time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 AECC Aviation Power price movement. The serial correlation of 0.03 indicates that only 3.0% of current AECC Aviation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
AECC Aviation Power lagged returns against current returns
Autocorrelation, which is AECC Aviation 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 AECC Aviation's stock expected returns. We can calculate the autocorrelation of AECC Aviation returns to help us make a trade decision. For example, suppose you find that AECC Aviation 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 |
AECC Aviation 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 AECC Aviation stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AECC Aviation stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AECC Aviation stock over time.
Current vs Lagged Prices |
| Timeline |
AECC Aviation Lagged Returns
When evaluating AECC Aviation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AECC Aviation stock have on its future price. AECC Aviation 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, AECC Aviation autocorrelation shows the relationship between AECC Aviation stock current value and its past values and can show if there is a momentum factor associated with investing in AECC Aviation Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AECC Stock
AECC Aviation financial ratios help investors to determine whether AECC 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 AECC with respect to the benefits of owning AECC Aviation security.