AIMA Technology (China) Market Value
| 603529 Stock | 37.46 1.46 3.75% |
| Symbol | AIMA |
AIMA Technology '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 AIMA Technology'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 AIMA Technology.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in AIMA Technology on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding AIMA Technology Group or generate 0.0% return on investment in AIMA Technology over 30 days. AIMA Technology is related to or competes with PKU HealthCare, Qtone Education, Beijing Kaiwen, Sanbo Hospital, Changjiang Publishing, Chinese Universe, and Time Publishing. AIMA Technology is entity of China. It is traded as Stock on SHG exchange. More
AIMA Technology 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 AIMA Technology'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 AIMA Technology Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.1576 | |||
| Maximum Drawdown | 17.13 | |||
| Value At Risk | (3.30) | |||
| Potential Upside | 5.6 |
AIMA Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AIMA Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AIMA Technology's standard deviation. In reality, there are many statistical measures that can use AIMA Technology historical prices to predict the future AIMA Technology's volatility.| Risk Adjusted Performance | 0.155 | |||
| Jensen Alpha | 0.6878 | |||
| Total Risk Alpha | 0.1826 | |||
| Sortino Ratio | 0.1731 | |||
| Treynor Ratio | (0.54) |
AIMA Technology Group Backtested Returns
AIMA Technology appears to be very steady, given 3 months investment horizon. AIMA Technology Group secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of return volatility over the last 3 months. By examining AIMA Technology's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of AIMA Technology's Risk Adjusted Performance of 0.155, mean deviation of 2.39, and Semi Deviation of 2.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, AIMA Technology holds a performance score of 14. The firm shows a Beta (market volatility) of -1.07, which signifies a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning AIMA Technology are expected to decrease slowly. On the other hand, during market turmoil, AIMA Technology is expected to outperform it slightly. Please check AIMA Technology's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether AIMA Technology's price patterns will revert.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
AIMA Technology Group has almost perfect reverse predictability. Overlapping area represents the amount of predictability between AIMA Technology time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 AIMA Technology Group price movement. The serial correlation of -0.72 indicates that around 72.0% of current AIMA Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 4.59 |
AIMA Technology Group lagged returns against current returns
Autocorrelation, which is AIMA Technology 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 AIMA Technology's stock expected returns. We can calculate the autocorrelation of AIMA Technology returns to help us make a trade decision. For example, suppose you find that AIMA Technology 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 |
AIMA Technology 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 AIMA Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AIMA Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AIMA Technology stock over time.
Current vs Lagged Prices |
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AIMA Technology Lagged Returns
When evaluating AIMA Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AIMA Technology stock have on its future price. AIMA Technology 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, AIMA Technology autocorrelation shows the relationship between AIMA Technology stock current value and its past values and can show if there is a momentum factor associated with investing in AIMA Technology Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AIMA Stock
AIMA Technology financial ratios help investors to determine whether AIMA 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 AIMA with respect to the benefits of owning AIMA Technology security.