Allied Machinery (China) Market Value
| 605060 Stock | 19.39 0.73 3.63% |
| Symbol | Allied |
Allied Machinery '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 Allied Machinery'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 Allied Machinery.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Allied Machinery on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Allied Machinery Co or generate 0.0% return on investment in Allied Machinery over 720 days. Allied Machinery is related to or competes with Hubeiyichang Transportation, Zhongshan Public, Jiangsu Yueda, Hubei Geoway, Vanfund Urban, and Metro Investment. Allied Machinery is entity of China. It is traded as Stock on SHG exchange. More
Allied Machinery 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 Allied Machinery'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 Allied Machinery Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.16 | |||
| Information Ratio | 0.1017 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (6.98) | |||
| Potential Upside | 10.0 |
Allied Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allied Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allied Machinery's standard deviation. In reality, there are many statistical measures that can use Allied Machinery historical prices to predict the future Allied Machinery's volatility.| Risk Adjusted Performance | 0.0822 | |||
| Jensen Alpha | 0.4419 | |||
| Total Risk Alpha | 0.4358 | |||
| Sortino Ratio | 0.1062 | |||
| Treynor Ratio | 0.729 |
Allied Machinery Backtested Returns
Allied Machinery appears to be not too volatile, given 3 months investment horizon. Allied Machinery secures Sharpe Ratio (or Efficiency) of 0.0668, which signifies that the company had a 0.0668 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Allied Machinery Co, which you can use to evaluate the volatility of the firm. Please makes use of Allied Machinery's Risk Adjusted Performance of 0.0822, mean deviation of 3.28, and Downside Deviation of 4.16 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allied Machinery holds a performance score of 5. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allied Machinery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allied Machinery is expected to be smaller as well. Please check Allied Machinery's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Allied Machinery's price patterns will revert.
Auto-correlation | -0.44 |
Modest reverse predictability
Allied Machinery Co has modest reverse predictability. Overlapping area represents the amount of predictability between Allied Machinery time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Allied Machinery price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Allied Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 5.26 |
Allied Machinery lagged returns against current returns
Autocorrelation, which is Allied Machinery 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 Allied Machinery's stock expected returns. We can calculate the autocorrelation of Allied Machinery returns to help us make a trade decision. For example, suppose you find that Allied Machinery 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 |
Allied Machinery 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 Allied Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allied Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allied Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Allied Machinery Lagged Returns
When evaluating Allied Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allied Machinery stock have on its future price. Allied Machinery 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, Allied Machinery autocorrelation shows the relationship between Allied Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Allied Machinery Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Allied Stock
Allied Machinery financial ratios help investors to determine whether Allied 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 Allied with respect to the benefits of owning Allied Machinery security.