Maanshan Iron Steel Stock Market Value
| MAANF Stock | USD 0.15 0.00 0.00% |
| Symbol | Maanshan |
Maanshan Iron '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 Maanshan Iron'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 Maanshan Iron.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Maanshan Iron on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Maanshan Iron Steel or generate 0.0% return on investment in Maanshan Iron over 720 days. Maanshan Iron is related to or competes with Olympic Steel, Mesabi Trust, Universal Stainless, POSCO Holdings, Gerdau SA, Ternium SA, and Reliance Steel. Maanshan Iron Steel Company Limited, together with its subsidiaries, manufactures and sells iron and steel products, and... More
Maanshan Iron 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 Maanshan Iron'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 Maanshan Iron Steel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.12 | |||
| Maximum Drawdown | 37.69 |
Maanshan Iron Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Maanshan Iron's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Maanshan Iron's standard deviation. In reality, there are many statistical measures that can use Maanshan Iron historical prices to predict the future Maanshan Iron's volatility.| Risk Adjusted Performance | 0.121 | |||
| Jensen Alpha | 0.7648 | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (1.47) |
Maanshan Iron Steel Backtested Returns
Maanshan Iron appears to be out of control, given 3 months investment horizon. Maanshan Iron Steel has Sharpe Ratio of 0.0823, which conveys that the firm had a 0.0823% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Maanshan Iron, which you can use to evaluate the volatility of the firm. Please exercise Maanshan Iron's Risk Adjusted Performance of 0.121, standard deviation of 4.88, and Mean Deviation of 1.62 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Maanshan Iron holds a performance score of 6. The company secures a Beta (Market Risk) of -0.48, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Maanshan Iron are expected to decrease at a much lower rate. During the bear market, Maanshan Iron is likely to outperform the market. Please check Maanshan Iron's standard deviation and the relationship between the jensen alpha and day typical price , to make a quick decision on whether Maanshan Iron's current price movements will revert.
Auto-correlation | 0.31 |
Below average predictability
Maanshan Iron Steel has below average predictability. Overlapping area represents the amount of predictability between Maanshan Iron time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Maanshan Iron Steel price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Maanshan Iron price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Maanshan Iron Steel lagged returns against current returns
Autocorrelation, which is Maanshan Iron 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 Maanshan Iron's pink sheet expected returns. We can calculate the autocorrelation of Maanshan Iron returns to help us make a trade decision. For example, suppose you find that Maanshan Iron 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 |
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Maanshan Iron 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 Maanshan Iron pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Maanshan Iron pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Maanshan Iron pink sheet over time.
Current vs Lagged Prices |
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Maanshan Iron Lagged Returns
When evaluating Maanshan Iron's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Maanshan Iron pink sheet have on its future price. Maanshan Iron 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, Maanshan Iron autocorrelation shows the relationship between Maanshan Iron pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Maanshan Iron Steel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Maanshan Pink Sheet
Maanshan Iron financial ratios help investors to determine whether Maanshan 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 Maanshan with respect to the benefits of owning Maanshan Iron security.