Advanced Micro (China) Market Value
| 688012 Stock | 209.46 3.55 1.67% |
| Symbol | Advanced |
Advanced Micro '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 Advanced Micro'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 Advanced Micro.
| 01/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Advanced Micro on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding Advanced Micro Fabrication or generate 0.0% return on investment in Advanced Micro over 690 days. Advanced Micro is related to or competes with Wuhan Yangtze, Tongyu Communication, Youyou Foods, Allwin Telecommunicatio, Citic Guoan, Shenzhen Kexin, and Yankershop Food. Advanced Micro is entity of China. It is traded as Stock on SHG exchange. More
Advanced Micro 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 Advanced Micro'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 Advanced Micro Fabrication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.1016 | |||
| Maximum Drawdown | 29.7 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 12.89 |
Advanced Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Micro's standard deviation. In reality, there are many statistical measures that can use Advanced Micro historical prices to predict the future Advanced Micro's volatility.| Risk Adjusted Performance | 0.106 | |||
| Jensen Alpha | 0.6566 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.1563 | |||
| Treynor Ratio | (5.63) |
Advanced Micro Fabri Backtested Returns
Advanced Micro appears to be very steady, given 3 months investment horizon. Advanced Micro Fabri secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Advanced Micro's technical indicators, you can evaluate if the expected return of 0.94% is justified by implied risk. Please makes use of Advanced Micro's Risk Adjusted Performance of 0.106, downside deviation of 3.34, and Mean Deviation of 3.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advanced Micro holds a performance score of 13. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Advanced Micro are expected to decrease at a much lower rate. During the bear market, Advanced Micro is likely to outperform the market. Please check Advanced Micro's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Advanced Micro's price patterns will revert.
Auto-correlation | 0.32 |
Below average predictability
Advanced Micro Fabrication has below average predictability. Overlapping area represents the amount of predictability between Advanced Micro time series from 4th of January 2023 to 15th of December 2023 and 15th of December 2023 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 Advanced Micro Fabri price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Advanced Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 604.59 |
Advanced Micro Fabri lagged returns against current returns
Autocorrelation, which is Advanced Micro 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 Advanced Micro's stock expected returns. We can calculate the autocorrelation of Advanced Micro returns to help us make a trade decision. For example, suppose you find that Advanced Micro 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 |
Advanced Micro 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 Advanced Micro stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Micro stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Micro stock over time.
Current vs Lagged Prices |
| Timeline |
Advanced Micro Lagged Returns
When evaluating Advanced Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Micro stock have on its future price. Advanced Micro 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, Advanced Micro autocorrelation shows the relationship between Advanced Micro stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Micro Fabrication.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Advanced Stock
Advanced Micro financial ratios help investors to determine whether Advanced 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 Advanced with respect to the benefits of owning Advanced Micro security.