Aluminumof China (Germany) Market Value
| AOC Stock | EUR 0.58 0.01 1.75% |
| Symbol | Aluminumof |
Aluminumof China '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 Aluminumof China'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 Aluminumof China.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Aluminumof China on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Aluminum of or generate 0.0% return on investment in Aluminumof China over 180 days. Aluminumof China is related to or competes with SCANSOURCE (SC3SG), CITY OFFICE, Tencent Music, Suntory Beverage, Prosiebensat, and Flutter Entertainment. Aluminum Corporation of China Limited, together with its subsidiaries, manufactures and sells alumina, primary aluminum,... More
Aluminumof China 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 Aluminumof China'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 Aluminum of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.44 | |||
| Information Ratio | 0.074 | |||
| Maximum Drawdown | 20.42 | |||
| Value At Risk | (6.35) | |||
| Potential Upside | 6.67 |
Aluminumof China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aluminumof China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aluminumof China's standard deviation. In reality, there are many statistical measures that can use Aluminumof China historical prices to predict the future Aluminumof China's volatility.| Risk Adjusted Performance | 0.0881 | |||
| Jensen Alpha | 0.2375 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0571 | |||
| Treynor Ratio | 0.2657 |
Aluminumof China Backtested Returns
Aluminumof China appears to be out of control, given 3 months investment horizon. Aluminumof China 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 Aluminum of, which you can use to evaluate the volatility of the firm. Please makes use of Aluminumof China's Risk Adjusted Performance of 0.0881, downside deviation of 5.44, and Mean Deviation of 3.01 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aluminumof China holds a performance score of 8. The firm shows a Beta (market volatility) of 1.61, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Aluminumof China will likely underperform. Please check Aluminumof China's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Aluminumof China's price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Aluminum of has insignificant predictability. Overlapping area represents the amount of predictability between Aluminumof China time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Aluminumof China price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Aluminumof China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Aluminumof China lagged returns against current returns
Autocorrelation, which is Aluminumof China 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 Aluminumof China's stock expected returns. We can calculate the autocorrelation of Aluminumof China returns to help us make a trade decision. For example, suppose you find that Aluminumof China 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 |
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Aluminumof China 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 Aluminumof China stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aluminumof China stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aluminumof China stock over time.
Current vs Lagged Prices |
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Aluminumof China Lagged Returns
When evaluating Aluminumof China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aluminumof China stock have on its future price. Aluminumof China 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, Aluminumof China autocorrelation shows the relationship between Aluminumof China stock current value and its past values and can show if there is a momentum factor associated with investing in Aluminum of.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in Aluminumof Stock
Aluminumof China financial ratios help investors to determine whether Aluminumof 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 Aluminumof with respect to the benefits of owning Aluminumof China security.