Anhui Conch (Germany) Market Value
| AQE Stock | EUR 2.53 0.14 5.86% |
| 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 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 Anhui Conch.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Anhui Conch on August 19, 2023 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 480 days. Anhui Conch is related to or competes with Vulcan Materials, Heidelberg Materials, Superior Plus, NMI Holdings, SIVERS SEMICONDUCTORS, NorAm Drilling, and BANK HANDLOWY. 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 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 Anhui Conch Cement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.54 | |||
| Information Ratio | 0.1149 | |||
| Maximum Drawdown | 25.13 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 8.87 |
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 | 0.1112 | |||
| Jensen Alpha | 0.7667 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.1145 | |||
| Treynor Ratio | (0.55) |
Anhui Conch Cement Backtested Returns
Anhui Conch appears to be very risky, given 3 months investment horizon. Anhui Conch Cement secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. By analyzing Anhui Conch's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please makes use of Anhui Conch's mean deviation of 3.11, and Risk Adjusted Performance of 0.1112 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 10. The firm shows a Beta (market volatility) of -1.15, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Anhui Conch are expected to decrease by larger amounts. On the other hand, during market turmoil, Anhui Conch is expected to outperform it. Please check Anhui Conch's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Anhui Conch's price patterns will revert.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Anhui Conch Cement has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Anhui Conch time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th of December 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 -0.74 indicates that around 74.0% of current Anhui Conch price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Anhui Conch Cement lagged returns against current returns
Autocorrelation, which is Anhui Conch 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 Anhui Conch's stock 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 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 |
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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Conch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Conch stock 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 stock 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 stock 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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Anhui Stock
Anhui Conch financial ratios help investors to determine whether Anhui 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 Anhui with respect to the benefits of owning Anhui Conch security.