Dongguan Aohai (China) Market Value
| 002993 Stock | 46.10 0.22 0.48% |
| Symbol | Dongguan |
Dongguan Aohai '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 Dongguan Aohai'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 Dongguan Aohai.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Dongguan Aohai on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Dongguan Aohai Technology or generate 0.0% return on investment in Dongguan Aohai over 90 days. Dongguan Aohai is related to or competes with Duzhe Publishing, Chengtun Mining, Xinjiang Baodi, Shandong Publishing, Western Mining, and China Publishing. Dongguan Aohai is entity of China. It is traded as Stock on SHE exchange. More
Dongguan Aohai 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 Dongguan Aohai'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 Dongguan Aohai Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | 0.1632 | |||
| Maximum Drawdown | 17.03 | |||
| Value At Risk | (6.09) | |||
| Potential Upside | 8.2 |
Dongguan Aohai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dongguan Aohai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dongguan Aohai's standard deviation. In reality, there are many statistical measures that can use Dongguan Aohai historical prices to predict the future Dongguan Aohai's volatility.| Risk Adjusted Performance | 0.1285 | |||
| Jensen Alpha | 0.568 | |||
| Total Risk Alpha | 1.05 | |||
| Sortino Ratio | 0.191 | |||
| Treynor Ratio | 2.8 |
Dongguan Aohai Technology Backtested Returns
Dongguan Aohai appears to be not too volatile, given 3 months investment horizon. Dongguan Aohai Technology secures Sharpe Ratio (or Efficiency) of 0.11, which denotes the company had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Dongguan Aohai Technology, which you can use to evaluate the volatility of the firm. Please utilize Dongguan Aohai's Downside Deviation of 3.43, coefficient of variation of 721.67, and Mean Deviation of 3.0 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dongguan Aohai holds a performance score of 8. The firm shows a Beta (market volatility) of 0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, Dongguan Aohai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dongguan Aohai is expected to be smaller as well. Please check Dongguan Aohai's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Dongguan Aohai's price patterns will revert.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Dongguan Aohai Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Dongguan Aohai time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Dongguan Aohai Technology price movement. The serial correlation of -0.19 indicates that over 19.0% of current Dongguan Aohai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 10.82 |
Dongguan Aohai Technology lagged returns against current returns
Autocorrelation, which is Dongguan Aohai 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 Dongguan Aohai's stock expected returns. We can calculate the autocorrelation of Dongguan Aohai returns to help us make a trade decision. For example, suppose you find that Dongguan Aohai 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 |
Dongguan Aohai 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 Dongguan Aohai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dongguan Aohai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dongguan Aohai stock over time.
Current vs Lagged Prices |
| Timeline |
Dongguan Aohai Lagged Returns
When evaluating Dongguan Aohai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dongguan Aohai stock have on its future price. Dongguan Aohai 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, Dongguan Aohai autocorrelation shows the relationship between Dongguan Aohai stock current value and its past values and can show if there is a momentum factor associated with investing in Dongguan Aohai Technology.
Regressed Prices |
| Timeline |
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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 Dongguan Stock
Dongguan Aohai financial ratios help investors to determine whether Dongguan 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 Dongguan with respect to the benefits of owning Dongguan Aohai security.