ANJI Technology (Taiwan) Market Value
| 6477 Stock | 29.65 0.25 0.85% |
| Symbol | ANJI |
ANJI 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 ANJI 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 ANJI Technology.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in ANJI Technology on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding ANJI Technology Co or generate 0.0% return on investment in ANJI Technology over 30 days. ANJI Technology is related to or competes with TSEC Corp, United Renewable, Tainergy Tech, Motech Industries, and Gigasolar Materials. More
ANJI 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 ANJI 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 ANJI Technology Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.87 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 2.44 |
ANJI Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANJI Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANJI Technology's standard deviation. In reality, there are many statistical measures that can use ANJI Technology historical prices to predict the future ANJI Technology's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (2.48) |
ANJI Technology Backtested Returns
ANJI Technology secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of return volatility over the last 3 months. ANJI Technology Co exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ANJI Technology's Risk Adjusted Performance of (0.07), coefficient of variation of (973.74), and Mean Deviation of 1.41 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0909, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ANJI Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding ANJI Technology is expected to be smaller as well. At this point, ANJI Technology has a negative expected return of -0.28%. Please make sure to confirm ANJI Technology's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if ANJI Technology performance from the past will be repeated in the future.
Auto-correlation | -0.02 |
Very weak reverse predictability
ANJI Technology Co has very weak reverse predictability. Overlapping area represents the amount of predictability between ANJI Technology time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Technology price movement. The serial correlation of -0.02 indicates that only 2.0% of current ANJI Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
ANJI Technology lagged returns against current returns
Autocorrelation, which is ANJI 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 ANJI Technology's stock expected returns. We can calculate the autocorrelation of ANJI Technology returns to help us make a trade decision. For example, suppose you find that ANJI 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 |
ANJI 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 ANJI Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANJI Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANJI Technology stock over time.
Current vs Lagged Prices |
| Timeline |
ANJI Technology Lagged Returns
When evaluating ANJI Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANJI Technology stock have on its future price. ANJI 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, ANJI Technology autocorrelation shows the relationship between ANJI Technology stock current value and its past values and can show if there is a momentum factor associated with investing in ANJI Technology Co.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for ANJI Stock Analysis
When running ANJI Technology's price analysis, check to measure ANJI Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ANJI Technology is operating at the current time. Most of ANJI Technology's value examination focuses on studying past and present price action to predict the probability of ANJI Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANJI Technology's price. Additionally, you may evaluate how the addition of ANJI Technology to your portfolios can decrease your overall portfolio volatility.