Aida Engineering Ltd Stock Market Value
| ADERY Stock | USD 49.13 0.00 0.00% |
| Symbol | Aida |
Aida Engineering '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 Aida Engineering's pink sheet 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 Aida Engineering.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Aida Engineering on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Aida Engineering Ltd or generate 0.0% return on investment in Aida Engineering over 720 days. Aida Engineering is related to or competes with Luxfer Holdings, Graham, Enerpac Tool, Kadant, and Omega Flex. Aida Engineering, Ltd. manufactures and sells press machines, auto-processing lines, industrial robots, auto-conveyers, ... More
Aida Engineering 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 Aida Engineering's pink sheet 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 Aida Engineering Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 10.25 |
Aida Engineering Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aida Engineering's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aida Engineering's standard deviation. In reality, there are many statistical measures that can use Aida Engineering historical prices to predict the future Aida Engineering's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.52) |
Aida Engineering Backtested Returns
Aida Engineering secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16% return per unit of standard deviation over the last 3 months. Aida Engineering Ltd exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Aida Engineering's risk adjusted performance of (0.11), and Mean Deviation of 0.4805 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Aida Engineering's returns are expected to increase less than the market. However, during the bear market, the loss of holding Aida Engineering is expected to be smaller as well. At this point, Aida Engineering has a negative expected return of -0.23%. Please make sure to confirm Aida Engineering's market risk adjusted performance, treynor ratio, as well as the relationship between the Treynor Ratio and day typical price , to decide if Aida Engineering performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Aida Engineering Ltd has very weak reverse predictability. Overlapping area represents the amount of predictability between Aida Engineering time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Aida Engineering price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Aida Engineering price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 9.67 |
Aida Engineering lagged returns against current returns
Autocorrelation, which is Aida Engineering pink sheet'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 Aida Engineering's pink sheet expected returns. We can calculate the autocorrelation of Aida Engineering returns to help us make a trade decision. For example, suppose you find that Aida Engineering has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Aida Engineering 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 Aida Engineering pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aida Engineering pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aida Engineering pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Aida Engineering Lagged Returns
When evaluating Aida Engineering's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aida Engineering pink sheet have on its future price. Aida Engineering 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, Aida Engineering autocorrelation shows the relationship between Aida Engineering pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Aida Engineering Ltd.
Regressed Prices |
| Timeline |
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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 Tools for Aida Pink Sheet Analysis
When running Aida Engineering's price analysis, check to measure Aida Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aida Engineering is operating at the current time. Most of Aida Engineering's value examination focuses on studying past and present price action to predict the probability of Aida Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aida Engineering's price. Additionally, you may evaluate how the addition of Aida Engineering to your portfolios can decrease your overall portfolio volatility.