Anji Foodstuff (China) Market Value
| 603696 Stock | 8.17 0.10 1.24% |
| Symbol | Anji |
Anji Foodstuff '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 Anji Foodstuff'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 Anji Foodstuff.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Anji Foodstuff on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Anji Foodstuff Co or generate 0.0% return on investment in Anji Foodstuff over 60 days. Anji Foodstuff is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Anji Foodstuff is entity of China. It is traded as Stock on SHG exchange. More
Anji Foodstuff 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 Anji Foodstuff'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 Anji Foodstuff Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.0734 | |||
| Maximum Drawdown | 18.58 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 4.31 |
Anji Foodstuff Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anji Foodstuff's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anji Foodstuff's standard deviation. In reality, there are many statistical measures that can use Anji Foodstuff historical prices to predict the future Anji Foodstuff's volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.3204 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0777 | |||
| Treynor Ratio | (2.16) |
Anji Foodstuff Backtested Returns
Anji Foodstuff appears to be somewhat reliable, given 3 months investment horizon. Anji Foodstuff secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Anji Foodstuff Co, which you can use to evaluate the volatility of the firm. Please makes use of Anji Foodstuff's Mean Deviation of 1.78, downside deviation of 2.38, and Risk Adjusted Performance of 0.102 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anji Foodstuff holds a performance score of 12. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Anji Foodstuff are expected to decrease at a much lower rate. During the bear market, Anji Foodstuff is likely to outperform the market. Please check Anji Foodstuff's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Anji Foodstuff's price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Anji Foodstuff Co has very good reverse predictability. Overlapping area represents the amount of predictability between Anji Foodstuff time series from 27th of September 2024 to 27th of October 2024 and 27th of October 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 Anji Foodstuff price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Anji Foodstuff price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Anji Foodstuff lagged returns against current returns
Autocorrelation, which is Anji Foodstuff 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 Anji Foodstuff's stock expected returns. We can calculate the autocorrelation of Anji Foodstuff returns to help us make a trade decision. For example, suppose you find that Anji Foodstuff 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 |
Anji Foodstuff 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 Anji Foodstuff stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anji Foodstuff stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anji Foodstuff stock over time.
Current vs Lagged Prices |
| Timeline |
Anji Foodstuff Lagged Returns
When evaluating Anji Foodstuff's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anji Foodstuff stock have on its future price. Anji Foodstuff 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, Anji Foodstuff autocorrelation shows the relationship between Anji Foodstuff stock current value and its past values and can show if there is a momentum factor associated with investing in Anji Foodstuff Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anji Stock
Anji Foodstuff financial ratios help investors to determine whether Anji 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 Anji with respect to the benefits of owning Anji Foodstuff security.