Autohome (Germany) Market Value
| 8AHB Stock | EUR 25.60 1.20 4.48% |
| Symbol | Autohome |
Autohome '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 Autohome'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 Autohome.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Autohome on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Autohome ADR or generate 0.0% return on investment in Autohome over 390 days. Autohome is related to or competes with Alphabet, Meta Platforms, Tencent Holdings, and Tencent Holdings. Autohome Inc. operates as an online destination for automobile consumers in the Peoples Republic of China More
Autohome 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 Autohome'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 Autohome ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.0842 | |||
| Maximum Drawdown | 16.36 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 5.19 |
Autohome Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Autohome's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Autohome's standard deviation. In reality, there are many statistical measures that can use Autohome historical prices to predict the future Autohome's volatility.| Risk Adjusted Performance | 0.1024 | |||
| Jensen Alpha | 0.3541 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0775 | |||
| Treynor Ratio | (1.18) |
Autohome ADR Backtested Returns
Autohome appears to be not too volatile, given 3 months investment horizon. Autohome ADR 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-seven technical indicators for Autohome ADR, which you can use to evaluate the volatility of the firm. Please makes use of Autohome's Mean Deviation of 1.97, risk adjusted performance of 0.1024, and Downside Deviation of 2.93 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Autohome holds a performance score of 8. The firm shows a Beta (market volatility) of -0.28, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Autohome are expected to decrease at a much lower rate. During the bear market, Autohome is likely to outperform the market. Please check Autohome's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Autohome's price patterns will revert.
Auto-correlation | 0.20 |
Weak predictability
Autohome ADR has weak predictability. Overlapping area represents the amount of predictability between Autohome time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Autohome ADR price movement. The serial correlation of 0.2 indicates that over 20.0% of current Autohome price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 5.32 |
Autohome ADR lagged returns against current returns
Autocorrelation, which is Autohome 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 Autohome's stock expected returns. We can calculate the autocorrelation of Autohome returns to help us make a trade decision. For example, suppose you find that Autohome 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 |
Autohome 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 Autohome stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Autohome stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Autohome stock over time.
Current vs Lagged Prices |
| Timeline |
Autohome Lagged Returns
When evaluating Autohome's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Autohome stock have on its future price. Autohome 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, Autohome autocorrelation shows the relationship between Autohome stock current value and its past values and can show if there is a momentum factor associated with investing in Autohome ADR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Autohome Stock
Autohome financial ratios help investors to determine whether Autohome 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 Autohome with respect to the benefits of owning Autohome security.