Anhui Conch Cement Stock Market Value
| AHCHY Stock | USD 13.24 0.45 3.29% |
| Symbol | Anhui |
Anhui Conch '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 Anhui Conch'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 Anhui Conch.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Anhui Conch on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Conch Cement or generate 0.0% return on investment in Anhui Conch over 270 days. Anhui Conch is related to or competes with Buzzi Unicem, Wienerberger Baustoffindustri, Lafargeholcim, HeidelbergCement, Xinyi Glass, CEMATRIX, and CEMEX SAB. Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cemen... More
Anhui Conch 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 Anhui Conch'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 Anhui Conch Cement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.34 | |||
| Information Ratio | 0.0666 | |||
| Maximum Drawdown | 22.18 | |||
| Value At Risk | (4.19) | |||
| Potential Upside | 5.94 |
Anhui Conch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Conch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Conch's standard deviation. In reality, there are many statistical measures that can use Anhui Conch historical prices to predict the future Anhui Conch's volatility.| Risk Adjusted Performance | 0.0877 | |||
| Jensen Alpha | 0.3265 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0692 | |||
| Treynor Ratio | 1.67 |
Anhui Conch Cement Backtested Returns
Anhui Conch appears to be somewhat reliable, given 3 months investment horizon. Anhui Conch Cement secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Anhui Conch Cement, which you can use to evaluate the volatility of the firm. Please makes use of Anhui Conch's mean deviation of 2.55, and Risk Adjusted Performance of 0.0877 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anhui Conch holds a performance score of 8. The firm shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anhui Conch's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Conch is expected to be smaller as well. Please check Anhui Conch's jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to make a quick decision on whether Anhui Conch's price patterns will revert.
Auto-correlation | 0.70 |
Good predictability
Anhui Conch Cement has good predictability. Overlapping area represents the amount of predictability between Anhui Conch time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 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 Anhui Conch Cement price movement. The serial correlation of 0.7 indicates that around 70.0% of current Anhui Conch price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2.34 |
Anhui Conch Cement lagged returns against current returns
Autocorrelation, which is Anhui Conch 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 Anhui Conch's pink sheet expected returns. We can calculate the autocorrelation of Anhui Conch returns to help us make a trade decision. For example, suppose you find that Anhui Conch 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 |
Anhui Conch 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 Anhui Conch pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Conch pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Conch pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Anhui Conch Lagged Returns
When evaluating Anhui Conch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Conch pink sheet have on its future price. Anhui Conch 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, Anhui Conch autocorrelation shows the relationship between Anhui Conch pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Anhui Conch Cement.
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 Tools for Anhui Pink Sheet Analysis
When running Anhui Conch's price analysis, check to measure Anhui Conch'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 Anhui Conch is operating at the current time. Most of Anhui Conch's value examination focuses on studying past and present price action to predict the probability of Anhui Conch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anhui Conch's price. Additionally, you may evaluate how the addition of Anhui Conch to your portfolios can decrease your overall portfolio volatility.