Aba Chemicals (China) Market Value
| 300261 Stock | 7.98 0.09 1.14% |
| Symbol | Aba |
Aba Chemicals '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 Aba Chemicals' 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 Aba Chemicals.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Aba Chemicals on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Aba Chemicals Corp or generate 0.0% return on investment in Aba Chemicals over 30 days. Aba Chemicals is related to or competes with Zijin Mining, and Rongsheng Petrochemical. Aba Chemicals is entity of China. It is traded as Stock on SHE exchange. More
Aba Chemicals 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 Aba Chemicals' 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 Aba Chemicals Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.62 | |||
| Information Ratio | 0.1095 | |||
| Maximum Drawdown | 30.23 | |||
| Value At Risk | (6.28) | |||
| Potential Upside | 12.8 |
Aba Chemicals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aba Chemicals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aba Chemicals' standard deviation. In reality, there are many statistical measures that can use Aba Chemicals historical prices to predict the future Aba Chemicals' volatility.| Risk Adjusted Performance | 0.1105 | |||
| Jensen Alpha | 0.7878 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.1263 | |||
| Treynor Ratio | (0.91) |
Aba Chemicals Corp Backtested Returns
Aba Chemicals appears to be relatively risky, given 3 months investment horizon. Aba Chemicals Corp secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of standard deviation over the last 3 months. By analyzing Aba Chemicals' technical indicators, you can evaluate if the expected return of 0.86% is justified by implied risk. Please makes use of Aba Chemicals' risk adjusted performance of 0.1105, and Mean Deviation of 3.36 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aba Chemicals holds a performance score of 11. The firm shows a Beta (market volatility) of -0.77, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aba Chemicals are expected to decrease at a much lower rate. During the bear market, Aba Chemicals is likely to outperform the market. Please check Aba Chemicals' market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Aba Chemicals' price patterns will revert.
Auto-correlation | 0.14 |
Insignificant predictability
Aba Chemicals Corp has insignificant predictability. Overlapping area represents the amount of predictability between Aba Chemicals 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 Aba Chemicals Corp price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Aba Chemicals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Aba Chemicals Corp lagged returns against current returns
Autocorrelation, which is Aba Chemicals 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 Aba Chemicals' stock expected returns. We can calculate the autocorrelation of Aba Chemicals returns to help us make a trade decision. For example, suppose you find that Aba Chemicals 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 |
Aba Chemicals 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 Aba Chemicals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aba Chemicals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aba Chemicals stock over time.
Current vs Lagged Prices |
| Timeline |
Aba Chemicals Lagged Returns
When evaluating Aba Chemicals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aba Chemicals stock have on its future price. Aba Chemicals 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, Aba Chemicals autocorrelation shows the relationship between Aba Chemicals stock current value and its past values and can show if there is a momentum factor associated with investing in Aba Chemicals Corp.
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 Aba Stock
Aba Chemicals financial ratios help investors to determine whether Aba 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 Aba with respect to the benefits of owning Aba Chemicals security.