Qi An (China) Market Value
| 688561 Stock | 30.50 0.94 2.99% |
| Symbol | 688561 |
Qi An '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 Qi An'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 Qi An.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Qi An on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Qi An Xin or generate 0.0% return on investment in Qi An over 30 days. Qi An is related to or competes with Jinhe Biotechnology, Shandong Sanyuan, Guangzhou KingTeller, CGN Nuclear, and Bloomage Biotechnology. Qi An is entity of China. It is traded as Stock on SHG exchange. More
Qi An 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 Qi An'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 Qi An Xin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.74 | |||
| Information Ratio | 0.0841 | |||
| Maximum Drawdown | 28.23 | |||
| Value At Risk | (6.59) | |||
| Potential Upside | 7.57 |
Qi An Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qi An's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qi An's standard deviation. In reality, there are many statistical measures that can use Qi An historical prices to predict the future Qi An's volatility.| Risk Adjusted Performance | 0.093 | |||
| Jensen Alpha | 0.5615 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.109 | |||
| Treynor Ratio | (1.80) |
Qi An Xin Backtested Returns
Qi An appears to be somewhat reliable, given 3 months investment horizon. Qi An Xin retains Efficiency (Sharpe Ratio) of 0.14, which implies the firm had a 0.14% return per unit of price deviation over the last 3 months. By analyzing Qi An's technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please evaluate Qi An's market risk adjusted performance of (1.79), and Standard Deviation of 4.85 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qi An holds a performance score of 11. The company owns a Beta (Systematic Risk) of -0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qi An are expected to decrease at a much lower rate. During the bear market, Qi An is likely to outperform the market. Please check Qi An's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Qi An's current price history will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Qi An Xin has modest reverse predictability. Overlapping area represents the amount of predictability between Qi An 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 Qi An Xin price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Qi An price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Qi An Xin lagged returns against current returns
Autocorrelation, which is Qi An 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 Qi An's stock expected returns. We can calculate the autocorrelation of Qi An returns to help us make a trade decision. For example, suppose you find that Qi An 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 |
Qi An 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 Qi An stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qi An stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qi An stock over time.
Current vs Lagged Prices |
| Timeline |
Qi An Lagged Returns
When evaluating Qi An's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qi An stock have on its future price. Qi An 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, Qi An autocorrelation shows the relationship between Qi An stock current value and its past values and can show if there is a momentum factor associated with investing in Qi An Xin.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in 688561 Stock
Qi An financial ratios help investors to determine whether 688561 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 688561 with respect to the benefits of owning Qi An security.