Anhui Xinhua (China) Market Value
| 601801 Stock | 6.97 0.10 1.41% |
| Symbol | Anhui |
Anhui Xinhua '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 Xinhua'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 Xinhua.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Anhui Xinhua on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Xinhua Media or generate 0.0% return on investment in Anhui Xinhua over 30 days. Anhui Xinhua is related to or competes with China State, China Merchants, Huafa Industrial, China International, Kweichow Moutai, and Contemporary Amperex. Anhui Xinhua is entity of China. It is traded as Stock on SHG exchange. More
Anhui Xinhua 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 Xinhua'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 Xinhua Media upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.08 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 19.93 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 4.92 |
Anhui Xinhua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Xinhua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Xinhua's standard deviation. In reality, there are many statistical measures that can use Anhui Xinhua historical prices to predict the future Anhui Xinhua's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | 0.1498 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.16) |
Anhui Xinhua Media Backtested Returns
At this point, Anhui Xinhua is slightly risky. Anhui Xinhua Media secures Sharpe Ratio (or Efficiency) of 0.055, which signifies that the company had a 0.055% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Anhui Xinhua Media, which you can use to evaluate the volatility of the firm. Please confirm Anhui Xinhua's mean deviation of 2.29, and Risk Adjusted Performance of 0.0308 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Anhui Xinhua has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Anhui Xinhua are expected to decrease at a much lower rate. During the bear market, Anhui Xinhua is likely to outperform the market. Anhui Xinhua Media right now shows a risk of 3.41%. Please confirm Anhui Xinhua Media downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Anhui Xinhua Media will be following its price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Anhui Xinhua Media has poor reverse predictability. Overlapping area represents the amount of predictability between Anhui Xinhua time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Xinhua Media price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Anhui Xinhua price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Anhui Xinhua Media lagged returns against current returns
Autocorrelation, which is Anhui Xinhua 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 Xinhua's stock expected returns. We can calculate the autocorrelation of Anhui Xinhua returns to help us make a trade decision. For example, suppose you find that Anhui Xinhua 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 Xinhua 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 Xinhua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Xinhua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Xinhua stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Xinhua Lagged Returns
When evaluating Anhui Xinhua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Xinhua stock have on its future price. Anhui Xinhua 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 Xinhua autocorrelation shows the relationship between Anhui Xinhua stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Xinhua Media.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anhui Stock
Anhui Xinhua 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 Xinhua security.