Anhui Transport (China) Market Value
| 603357 Stock | 9.60 0.19 2.02% |
| Symbol | Anhui |
Anhui Transport '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 Transport'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 Transport.
| 01/06/2023 |
| 11/26/2024 |
If you would invest 0.00 in Anhui Transport on January 6, 2023 and sell it all today you would earn a total of 0.00 from holding Anhui Transport Consulting or generate 0.0% return on investment in Anhui Transport over 690 days. Anhui Transport is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. Anhui Transport is entity of China. It is traded as Stock on SHG exchange. More
Anhui Transport 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 Transport'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 Transport Consulting upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.0301 | |||
| Maximum Drawdown | 16.77 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 4.07 |
Anhui Transport Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Transport's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Transport's standard deviation. In reality, there are many statistical measures that can use Anhui Transport historical prices to predict the future Anhui Transport's volatility.| Risk Adjusted Performance | 0.0673 | |||
| Jensen Alpha | 0.1773 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0278 | |||
| Treynor Ratio | 1.12 |
Anhui Transport Cons Backtested Returns
Anhui Transport appears to be somewhat reliable, given 3 months investment horizon. Anhui Transport Cons secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Anhui Transport Consulting, which you can use to evaluate the volatility of the firm. Please makes use of Anhui Transport's risk adjusted performance of 0.0673, and Mean Deviation of 1.95 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anhui Transport holds a performance score of 10. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anhui Transport's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Transport is expected to be smaller as well. Please check Anhui Transport'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 Anhui Transport's price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
Anhui Transport Consulting has average predictability. Overlapping area represents the amount of predictability between Anhui Transport time series from 6th of January 2023 to 17th of December 2023 and 17th of December 2023 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 Anhui Transport Cons price movement. The serial correlation of 0.49 indicates that about 49.0% of current Anhui Transport price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
Anhui Transport Cons lagged returns against current returns
Autocorrelation, which is Anhui Transport 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 Transport's stock expected returns. We can calculate the autocorrelation of Anhui Transport returns to help us make a trade decision. For example, suppose you find that Anhui Transport 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 Transport 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 Transport stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Transport stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Transport stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Transport Lagged Returns
When evaluating Anhui Transport's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Transport stock have on its future price. Anhui Transport 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 Transport autocorrelation shows the relationship between Anhui Transport stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Transport Consulting.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anhui Stock
Anhui Transport 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 Transport security.