Avichina Industry Technology Stock Market Value
| AVIJF Stock | USD 0.37 0.06 13.95% |
| Symbol | AviChina |
AviChina Industry '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 AviChina Industry'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 AviChina Industry.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in AviChina Industry on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding AviChina Industry Technology or generate 0.0% return on investment in AviChina Industry over 480 days. AviChina Industry is related to or competes with Virco Manufacturing, Radcom, Mativ Holdings, Ziff Davis, Weyco, Bausch Lomb, and Microbot Medical. AviChina Industry Technology Company Limited engages in the research, development, manufacture, and sale of civil aviati... More
AviChina Industry 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 AviChina Industry'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 AviChina Industry Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 13.95 |
AviChina Industry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AviChina Industry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AviChina Industry's standard deviation. In reality, there are many statistical measures that can use AviChina Industry historical prices to predict the future AviChina Industry's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.6501 |
AviChina Industry Backtested Returns
AviChina Industry 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. AviChina Industry Technology exposes nineteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AviChina Industry's Mean Deviation of 0.4164, standard deviation of 1.72, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.34, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AviChina Industry are expected to decrease at a much lower rate. During the bear market, AviChina Industry is likely to outperform the market. At this point, AviChina Industry has a negative expected return of -0.21%. Please make sure to confirm AviChina Industry's jensen alpha, as well as the relationship between the daily balance of power and price action indicator , to decide if AviChina Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.26 |
Weak reverse predictability
AviChina Industry Technology has weak reverse predictability. Overlapping area represents the amount of predictability between AviChina Industry time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 AviChina Industry price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current AviChina Industry price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
AviChina Industry lagged returns against current returns
Autocorrelation, which is AviChina Industry 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 AviChina Industry's pink sheet expected returns. We can calculate the autocorrelation of AviChina Industry returns to help us make a trade decision. For example, suppose you find that AviChina Industry 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 |
AviChina Industry 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 AviChina Industry pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AviChina Industry pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AviChina Industry pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AviChina Industry Lagged Returns
When evaluating AviChina Industry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AviChina Industry pink sheet have on its future price. AviChina Industry 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, AviChina Industry autocorrelation shows the relationship between AviChina Industry pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AviChina Industry Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in AviChina Pink Sheet
AviChina Industry financial ratios help investors to determine whether AviChina Pink Sheet 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 AviChina with respect to the benefits of owning AviChina Industry security.