Allwin Telecommunicatio (China) Market Value
| 002231 Stock | 6.10 0.05 0.83% |
| Symbol | Allwin |
Allwin Telecommunicatio '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 Allwin Telecommunicatio'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 Allwin Telecommunicatio.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Allwin Telecommunicatio on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Allwin Telecommunication Co or generate 0.0% return on investment in Allwin Telecommunicatio over 30 days. Allwin Telecommunicatio is related to or competes with Hainan Haiqi, Shenzhen MYS, Dazhong Transportation, Elite Color, Anhui Fuhuang, and Dongjiang Environmental. Allwin Telecommunicatio is entity of China More
Allwin Telecommunicatio 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 Allwin Telecommunicatio'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 Allwin Telecommunication Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.91 | |||
| Information Ratio | 0.1376 | |||
| Maximum Drawdown | 20.1 | |||
| Value At Risk | (5.81) | |||
| Potential Upside | 10.0 |
Allwin Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allwin Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allwin Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Allwin Telecommunicatio historical prices to predict the future Allwin Telecommunicatio's volatility.| Risk Adjusted Performance | 0.1347 | |||
| Jensen Alpha | 0.7252 | |||
| Total Risk Alpha | 0.0559 | |||
| Sortino Ratio | 0.1284 | |||
| Treynor Ratio | 4.21 |
Allwin Telecommunicatio Backtested Returns
Allwin Telecommunicatio appears to be relatively risky, given 3 months investment horizon. Allwin Telecommunicatio secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. By analyzing Allwin Telecommunicatio's technical indicators, you can evaluate if the expected return of 0.6% is justified by implied risk. Please makes use of Allwin Telecommunicatio's Risk Adjusted Performance of 0.1347, downside deviation of 4.91, and Mean Deviation of 3.47 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Allwin Telecommunicatio holds a performance score of 10. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allwin Telecommunicatio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allwin Telecommunicatio is expected to be smaller as well. Please check Allwin Telecommunicatio's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Allwin Telecommunicatio's price patterns will revert.
Auto-correlation | 0.66 |
Good predictability
Allwin Telecommunication Co has good predictability. Overlapping area represents the amount of predictability between Allwin Telecommunicatio time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Allwin Telecommunicatio price movement. The serial correlation of 0.66 indicates that around 66.0% of current Allwin Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Allwin Telecommunicatio lagged returns against current returns
Autocorrelation, which is Allwin Telecommunicatio 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 Allwin Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Allwin Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Allwin Telecommunicatio 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 |
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Allwin Telecommunicatio 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 Allwin Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allwin Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allwin Telecommunicatio stock over time.
Current vs Lagged Prices |
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Allwin Telecommunicatio Lagged Returns
When evaluating Allwin Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allwin Telecommunicatio stock have on its future price. Allwin Telecommunicatio 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, Allwin Telecommunicatio autocorrelation shows the relationship between Allwin Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Allwin Telecommunication Co.
Regressed Prices |
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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 Allwin Stock
Allwin Telecommunicatio financial ratios help investors to determine whether Allwin 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 Allwin with respect to the benefits of owning Allwin Telecommunicatio security.