Autohome (Brazil) Market Value
| A1TH34 Stock | BRL 16.00 0.26 1.60% |
| 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.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Autohome on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Autohome or generate 0.0% return on investment in Autohome over 720 days. Autohome is related to or competes with Alphabet, Alphabet, Meta Platforms, and Spotify Technology. 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.2 | |||
| Information Ratio | 0.082 | |||
| Maximum Drawdown | 14.96 | |||
| Value At Risk | (2.85) | |||
| Potential Upside | 4.12 |
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 | 0.1115 | |||
| Jensen Alpha | 0.2493 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0894 | |||
| Treynor Ratio | 0.56 |
Autohome Backtested Returns
Autohome appears to be not too volatile, given 3 months investment horizon. Autohome secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Autohome, which you can use to evaluate the volatility of the firm. Please makes use of Autohome's Mean Deviation of 1.56, downside deviation of 2.2, and Risk Adjusted Performance of 0.1115 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 9. The firm shows a Beta (market volatility) of 0.57, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Autohome's returns are expected to increase less than the market. However, during the bear market, the loss of holding Autohome is expected to be smaller as well. Please check Autohome's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Autohome's price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Autohome has very good reverse predictability. Overlapping area represents the amount of predictability between Autohome time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 price movement. The serial correlation of -0.68 indicates that around 68.0% of current Autohome price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 1.85 |
Autohome 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.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Autohome Stock
When determining whether Autohome is a strong investment it is important to analyze Autohome's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Autohome's future performance. For an informed investment choice regarding Autohome Stock, refer to the following important reports:Check out Autohome Correlation, Autohome Volatility and Autohome Alpha and Beta module to complement your research on Autohome. For information on how to trade Autohome Stock refer to our How to Trade Autohome Stock guide.You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Autohome technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.