Allgens Medical (China) Market Value
| 688613 Stock | 17.15 0.16 0.94% |
| Symbol | Allgens |
Allgens Medical '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 Allgens Medical'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 Allgens Medical.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Allgens Medical on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Allgens Medical Technology or generate 0.0% return on investment in Allgens Medical over 30 days. Allgens Medical is related to or competes with Nanjing Putian, Shenzhen Hifuture, Tianjin Realty, Shenyang Huitian, Jiangsu Xinning, and Hubei Geoway. Allgens Medical is entity of China. It is traded as Stock on SHG exchange. More
Allgens Medical 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 Allgens Medical'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 Allgens Medical Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.25 | |||
| Information Ratio | 0.0345 | |||
| Maximum Drawdown | 21.74 | |||
| Value At Risk | (4.79) | |||
| Potential Upside | 6.13 |
Allgens Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allgens Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allgens Medical's standard deviation. In reality, there are many statistical measures that can use Allgens Medical historical prices to predict the future Allgens Medical's volatility.| Risk Adjusted Performance | 0.0626 | |||
| Jensen Alpha | 0.1793 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0393 | |||
| Treynor Ratio | 0.4281 |
Allgens Medical Tech Backtested Returns
Allgens Medical appears to be somewhat reliable, given 3 months investment horizon. Allgens Medical Tech secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Allgens Medical Technology, which you can use to evaluate the volatility of the firm. Please makes use of Allgens Medical's Mean Deviation of 2.62, risk adjusted performance of 0.0626, and Downside Deviation of 3.25 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allgens Medical holds a performance score of 8. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Allgens Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allgens Medical is expected to be smaller as well. Please check Allgens Medical's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Allgens Medical's price patterns will revert.
Auto-correlation | -0.29 |
Weak reverse predictability
Allgens Medical Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Allgens Medical time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Allgens Medical Tech price movement. The serial correlation of -0.29 indicates that nearly 29.0% of current Allgens Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.29 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Allgens Medical Tech lagged returns against current returns
Autocorrelation, which is Allgens Medical 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 Allgens Medical's stock expected returns. We can calculate the autocorrelation of Allgens Medical returns to help us make a trade decision. For example, suppose you find that Allgens Medical 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 |
Allgens Medical 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 Allgens Medical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allgens Medical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allgens Medical stock over time.
Current vs Lagged Prices |
| Timeline |
Allgens Medical Lagged Returns
When evaluating Allgens Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allgens Medical stock have on its future price. Allgens Medical 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, Allgens Medical autocorrelation shows the relationship between Allgens Medical stock current value and its past values and can show if there is a momentum factor associated with investing in Allgens Medical Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Allgens Stock
Allgens Medical financial ratios help investors to determine whether Allgens 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 Allgens with respect to the benefits of owning Allgens Medical security.