Allied Machinery (China) Market Value
| 605060 Stock | 16.40 0.32 1.91% |
| 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.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Allied Machinery on October 27, 2024 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 30 days. Allied Machinery is related to or competes with Biwin Storage, PetroChina, Industrial, China Construction, China Petroleum, Agricultural Bank, and Bank of China. 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 | 2.59 | |||
| Information Ratio | 0.119 | |||
| Maximum Drawdown | 19.51 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 4.79 |
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 | 0.1332 | |||
| Jensen Alpha | 0.4973 | |||
| Total Risk Alpha | 0.0167 | |||
| Sortino Ratio | 0.129 | |||
| Treynor Ratio | (1.22) |
Allied Machinery Backtested Returns
Allied Machinery appears to be somewhat reliable, given 3 months investment horizon. Allied Machinery secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By analyzing Allied Machinery's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Allied Machinery's Mean Deviation of 1.81, downside deviation of 2.59, and Risk Adjusted Performance of 0.1332 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 16. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Allied Machinery are expected to decrease at a much lower rate. During the bear market, Allied Machinery is likely to outperform the market. Please check Allied Machinery'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 Allied Machinery's price patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Allied Machinery Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Allied Machinery time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Allied Machinery price movement. The serial correlation of -0.16 indicates that over 16.0% of current Allied Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
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.