Advanced Technology's market value is the price at which a share of Advanced Technology trades on a public exchange. It measures the collective expectations of Advanced Technology Materials investors about its performance. Advanced Technology is trading at 12.10 as of the 6th of December 2024, a 0.83 percent increase since the beginning of the trading day. The stock's open price was 12.0. With this module, you can estimate the performance of a buy and hold strategy of Advanced Technology Materials and determine expected loss or profit from investing in Advanced Technology over a given investment horizon. Check out Advanced Technology Correlation, Advanced Technology Volatility and Advanced Technology Alpha and Beta module to complement your research on Advanced Technology.
Please note, there is a significant difference between Advanced Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Advanced Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Advanced Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Advanced Technology '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 Advanced Technology'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 Advanced Technology.
0.00
09/07/2024
No Change 0.00
0.0
In 2 months and 31 days
12/06/2024
0.00
If you would invest 0.00 in Advanced Technology on September 7, 2024 and sell it all today you would earn a total of 0.00 from holding Advanced Technology Materials or generate 0.0% return on investment in Advanced Technology over 90 days. Advanced Technology is related to or competes with Shanghai Yanpu, Dymatic Chemicals, HeBei Jinniu, Dalian Thermal, Minmetals Capital, Beijing HuaYuanYiTong, and Ningbo Jintian. Advanced Technology is entity of China. It is traded as Stock on SHE exchange. More
Advanced Technology 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 Advanced Technology'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 Advanced Technology Materials upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Advanced Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Advanced Technology's standard deviation. In reality, there are many statistical measures that can use Advanced Technology historical prices to predict the future Advanced Technology's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Advanced Technology. Your research has to be compared to or analyzed against Advanced Technology's peers to derive any actionable benefits. When done correctly, Advanced Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Advanced Technology.
Advanced Technology Backtested Returns
Advanced Technology appears to be somewhat reliable, given 3 months investment horizon. Advanced Technology secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. By analyzing Advanced Technology's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of Advanced Technology's Downside Deviation of 2.89, risk adjusted performance of 0.1498, and Mean Deviation of 2.5 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Advanced Technology holds a performance score of 17. The firm shows a Beta (market volatility) of -0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Advanced Technology are expected to decrease at a much lower rate. During the bear market, Advanced Technology is likely to outperform the market. Please check Advanced Technology's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Advanced Technology's price patterns will revert.
Auto-correlation
0.75
Good predictability
Advanced Technology Materials has good predictability. Overlapping area represents the amount of predictability between Advanced Technology time series from 7th of September 2024 to 22nd of October 2024 and 22nd of October 2024 to 6th 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 Advanced Technology price movement. The serial correlation of 0.75 indicates that around 75.0% of current Advanced Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
0.75
Spearman Rank Test
0.53
Residual Average
0.0
Price Variance
0.73
Advanced Technology lagged returns against current returns
Autocorrelation, which is Advanced Technology 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 Advanced Technology's stock expected returns. We can calculate the autocorrelation of Advanced Technology returns to help us make a trade decision. For example, suppose you find that Advanced Technology 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
Advanced Technology 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 Advanced Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Advanced Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Advanced Technology stock over time.
Current vs Lagged Prices
Timeline
Advanced Technology Lagged Returns
When evaluating Advanced Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Advanced Technology stock have on its future price. Advanced Technology 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, Advanced Technology autocorrelation shows the relationship between Advanced Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Advanced Technology Materials.
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.
Advanced Technology financial ratios help investors to determine whether Advanced 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 Advanced with respect to the benefits of owning Advanced Technology security.