Advanced Technology (China) Market Value

000969 Stock   11.81  0.23  1.91%   
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 11.81 as of the 10th of December 2024, a 1.91 percent decrease since the beginning of the trading day. The stock's open price was 12.04.
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.
Symbol

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
12/16/2023
No Change 0.00  0.0 
In 11 months and 26 days
12/10/2024
0.00
If you would invest  0.00  in Advanced Technology on December 16, 2023 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 360 days. Advanced Technology is related to or competes with Tibet Huayu, Guangzhou KingTeller, Shengda Mining, Changchun, Ye Chiu, HanS Laser, and Yuan Longping. 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.

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.
Hype
Prediction
LowEstimatedHigh
8.4612.0015.54
Details
Intrinsic
Valuation
LowRealHigh
5.949.4813.02
Details
Naive
Forecast
LowNextHigh
8.0511.5915.14
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
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 0.2, which signifies that the company had a 0.2% 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 0.74% is justified by implied risk. Please makes use of Advanced Technology's Risk Adjusted Performance of 0.1429, downside deviation of 2.84, and Mean Deviation of 2.49 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 -0.22, 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

    
  0.22  

Weak predictability

Advanced Technology Materials has weak predictability. Overlapping area represents the amount of predictability between Advanced Technology time series from 16th of December 2023 to 13th of June 2024 and 13th of June 2024 to 10th 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 0.22 indicates that over 22.0% of current Advanced Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.22
Spearman Rank Test0.11
Residual Average0.0
Price Variance2.08

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.