Anhui Jinhe's market value is the price at which a share of Anhui Jinhe trades on a public exchange. It measures the collective expectations of Anhui Jinhe Industrial investors about its performance. Anhui Jinhe is trading at 24.09 as of the 19th of January 2025, a 4.60 percent increase since the beginning of the trading day. The stock's open price was 23.03. With this module, you can estimate the performance of a buy and hold strategy of Anhui Jinhe Industrial and determine expected loss or profit from investing in Anhui Jinhe over a given investment horizon. Check out Anhui Jinhe Correlation, Anhui Jinhe Volatility and Anhui Jinhe Alpha and Beta module to complement your research on Anhui Jinhe.
Please note, there is a significant difference between Anhui Jinhe's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anhui Jinhe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anhui Jinhe'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.
Anhui Jinhe '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 Anhui Jinhe'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 Anhui Jinhe.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Anhui Jinhe'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 Anhui Jinhe Industrial 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 Anhui Jinhe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Jinhe's standard deviation. In reality, there are many statistical measures that can use Anhui Jinhe historical prices to predict the future Anhui Jinhe's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Anhui Jinhe. Your research has to be compared to or analyzed against Anhui Jinhe's peers to derive any actionable benefits. When done correctly, Anhui Jinhe'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 Anhui Jinhe Industrial.
Anhui Jinhe Industrial Backtested Returns
At this point, Anhui Jinhe is very steady. Anhui Jinhe Industrial secures Sharpe Ratio (or Efficiency) of 0.0292, which signifies that the company had a 0.0292% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Anhui Jinhe Industrial, which you can use to evaluate the volatility of the firm. Please confirm Anhui Jinhe's risk adjusted performance of 0.0527, and Mean Deviation of 1.39 to double-check if the risk estimate we provide is consistent with the expected return of 0.0547%. Anhui Jinhe has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0321, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Anhui Jinhe are expected to decrease at a much lower rate. During the bear market, Anhui Jinhe is likely to outperform the market. Anhui Jinhe Industrial right now shows a risk of 1.87%. Please confirm Anhui Jinhe Industrial market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to decide if Anhui Jinhe Industrial will be following its price patterns.
Auto-correlation
-0.66
Very good reverse predictability
Anhui Jinhe Industrial has very good reverse predictability. Overlapping area represents the amount of predictability between Anhui Jinhe time series from 20th of November 2024 to 20th of December 2024 and 20th of December 2024 to 19th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Anhui Jinhe Industrial price movement. The serial correlation of -0.66 indicates that around 66.0% of current Anhui Jinhe price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.66
Spearman Rank Test
-0.46
Residual Average
0.0
Price Variance
0.2
Anhui Jinhe Industrial lagged returns against current returns
Autocorrelation, which is Anhui Jinhe 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 Anhui Jinhe's stock expected returns. We can calculate the autocorrelation of Anhui Jinhe returns to help us make a trade decision. For example, suppose you find that Anhui Jinhe 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
Anhui Jinhe 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 Anhui Jinhe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Jinhe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Jinhe stock over time.
Current vs Lagged Prices
Timeline
Anhui Jinhe Lagged Returns
When evaluating Anhui Jinhe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Jinhe stock have on its future price. Anhui Jinhe 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, Anhui Jinhe autocorrelation shows the relationship between Anhui Jinhe stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Jinhe Industrial.
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.
Anhui Jinhe financial ratios help investors to determine whether Anhui 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 Anhui with respect to the benefits of owning Anhui Jinhe security.