Advanced Technology (China) Market Value
| 000969 Stock | 12.04 0.06 0.50% |
| Symbol | Advanced |
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.
| 11/08/2024 |
| 12/08/2024 |
If you would invest 0.00 in Advanced Technology on November 8, 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 30 days. Advanced Technology is related to or competes with Jiujiang Shanshui, Elec-Tech International, Guangzhou KingTeller, Keli Sensing, Yunnan Jianzhijia, Eyebright Medical, and Humanwell Healthcare. 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.
| Downside Deviation | 2.87 | |||
| Information Ratio | 0.1601 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (4.26) | |||
| Potential Upside | 7.46 |
Advanced Technology Market Risk Indicators
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.| Risk Adjusted Performance | 0.1571 | |||
| Jensen Alpha | 0.7144 | |||
| Total Risk Alpha | 0.0749 | |||
| Sortino Ratio | 0.1899 | |||
| Treynor Ratio | (2.26) |
Advanced Technology Backtested Returns
Advanced Technology appears to be somewhat reliable, given 3 months investment horizon. Advanced Technology secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% 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 0.76% is justified by implied risk. Please makes use of Advanced Technology's Risk Adjusted Performance of 0.1571, downside deviation of 2.87, and Mean Deviation of 2.48 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 16. The firm shows a Beta (market volatility) of -0.3, which signifies not very significant fluctuations relative to the market. 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 | -0.16 |
Insignificant reverse predictability
Advanced Technology Materials has insignificant reverse predictability. Overlapping area represents the amount of predictability between Advanced Technology time series from 8th of November 2024 to 23rd of November 2024 and 23rd of November 2024 to 8th 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 -0.16 indicates that over 16.0% of current Advanced Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
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.Other Information on Investing in Advanced Stock
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.