Anji Microelectronics' market value is the price at which a share of Anji Microelectronics trades on a public exchange. It measures the collective expectations of Anji Microelectronics Tech investors about its performance. Anji Microelectronics is trading at 149.24 as of the 19th of January 2025, a 3.67 percent increase since the beginning of the trading day. The stock's open price was 143.96. With this module, you can estimate the performance of a buy and hold strategy of Anji Microelectronics Tech and determine expected loss or profit from investing in Anji Microelectronics over a given investment horizon. Check out Anji Microelectronics Correlation, Anji Microelectronics Volatility and Anji Microelectronics Alpha and Beta module to complement your research on Anji Microelectronics.
Please note, there is a significant difference between Anji Microelectronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Anji Microelectronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anji Microelectronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Anji Microelectronics '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 Microelectronics' 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 Microelectronics.
0.00
12/20/2024
No Change 0.00
0.0
In 30 days
01/19/2025
0.00
If you would invest 0.00 in Anji Microelectronics on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Anji Microelectronics Tech or generate 0.0% return on investment in Anji Microelectronics over 30 days. Anji Microelectronics is related to or competes with Kweichow Moutai, NAURA Technology, Zhejiang Orient, APT Medical, BYD Co, Shenzhen Mindray, and Contemporary Amperex. Anji Microelectronics is entity of China More
Anji Microelectronics 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 Microelectronics' 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 Microelectronics Tech upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anji Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anji Microelectronics' standard deviation. In reality, there are many statistical measures that can use Anji Microelectronics historical prices to predict the future Anji Microelectronics' volatility.
At this point, Anji Microelectronics is very steady. Anji Microelectronics secures Sharpe Ratio (or Efficiency) of 0.0378, which signifies that the company had a 0.0378% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Anji Microelectronics Tech, which you can use to evaluate the volatility of the firm. Please confirm Anji Microelectronics' Mean Deviation of 2.13, risk adjusted performance of 0.0831, and Downside Deviation of 2.32 to double-check if the risk estimate we provide is consistent with the expected return of 0.0998%. Anji Microelectronics has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Anji Microelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding Anji Microelectronics is expected to be smaller as well. Anji Microelectronics right now shows a risk of 2.64%. Please confirm Anji Microelectronics coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if Anji Microelectronics will be following its price patterns.
Auto-correlation
-0.88
Excellent reverse predictability
Anji Microelectronics Tech has excellent reverse predictability. Overlapping area represents the amount of predictability between Anji Microelectronics time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 Anji Microelectronics price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Anji Microelectronics price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.88
Spearman Rank Test
-0.55
Residual Average
0.0
Price Variance
43.39
Anji Microelectronics lagged returns against current returns
Autocorrelation, which is Anji Microelectronics 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 Microelectronics' stock expected returns. We can calculate the autocorrelation of Anji Microelectronics returns to help us make a trade decision. For example, suppose you find that Anji Microelectronics 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 Microelectronics 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 Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anji Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anji Microelectronics stock over time.
Current vs Lagged Prices
Timeline
Anji Microelectronics Lagged Returns
When evaluating Anji Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anji Microelectronics stock have on its future price. Anji Microelectronics 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 Microelectronics autocorrelation shows the relationship between Anji Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in Anji Microelectronics Tech.
Anji Microelectronics 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 Microelectronics security.