Aluminum Corp (China) Market Value
| 601600 Stock | 7.57 0.08 1.05% |
| Symbol | Aluminum |
Aluminum Corp '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 Aluminum Corp'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 Aluminum Corp.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Aluminum Corp on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Aluminum Corp of or generate 0.0% return on investment in Aluminum Corp over 510 days. Aluminum Corp is related to or competes with Wanhua Chemical, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, Jiangxi Ganfeng, Hoshine Silicon, and Zhejiang Juhua. Aluminum Corp is entity of China. It is traded as Stock on SHG exchange. More
Aluminum Corp 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 Aluminum Corp'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 Aluminum Corp of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | 0.0446 | |||
| Maximum Drawdown | 17.74 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 6.09 |
Aluminum Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aluminum Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aluminum Corp's standard deviation. In reality, there are many statistical measures that can use Aluminum Corp historical prices to predict the future Aluminum Corp's volatility.| Risk Adjusted Performance | 0.0734 | |||
| Jensen Alpha | 0.2517 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0447 | |||
| Treynor Ratio | 6.3 |
Aluminum Corp Backtested Returns
Aluminum Corp appears to be slightly risky, given 3 months investment horizon. Aluminum Corp secures Sharpe Ratio (or Efficiency) of 0.0681, which signifies that the company had a 0.0681% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aluminum Corp of, which you can use to evaluate the volatility of the firm. Please makes use of Aluminum Corp's Risk Adjusted Performance of 0.0734, mean deviation of 2.16, and Downside Deviation of 3.08 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aluminum Corp holds a performance score of 5. The firm shows a Beta (market volatility) of 0.0407, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Aluminum Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aluminum Corp is expected to be smaller as well. Please check Aluminum Corp's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Aluminum Corp's price patterns will revert.
Auto-correlation | 0.30 |
Below average predictability
Aluminum Corp of has below average predictability. Overlapping area represents the amount of predictability between Aluminum Corp time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Aluminum Corp price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Aluminum Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Aluminum Corp lagged returns against current returns
Autocorrelation, which is Aluminum Corp 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 Aluminum Corp's stock expected returns. We can calculate the autocorrelation of Aluminum Corp returns to help us make a trade decision. For example, suppose you find that Aluminum Corp 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 |
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Aluminum Corp 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 Aluminum Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aluminum Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aluminum Corp stock over time.
Current vs Lagged Prices |
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Aluminum Corp Lagged Returns
When evaluating Aluminum Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aluminum Corp stock have on its future price. Aluminum Corp 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, Aluminum Corp autocorrelation shows the relationship between Aluminum Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Aluminum Corp of.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Aluminum Stock
Aluminum Corp financial ratios help investors to determine whether Aluminum 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 Aluminum with respect to the benefits of owning Aluminum Corp security.