Anhui Shiny's market value is the price at which a share of Anhui Shiny trades on a public exchange. It measures the collective expectations of Anhui Shiny Electronic investors about its performance. Anhui Shiny is trading at 21.26 as of the 4th of January 2025, a 0.47 percent increase since the beginning of the trading day. The stock's open price was 21.16. With this module, you can estimate the performance of a buy and hold strategy of Anhui Shiny Electronic and determine expected loss or profit from investing in Anhui Shiny over a given investment horizon. Check out Anhui Shiny Correlation, Anhui Shiny Volatility and Anhui Shiny Alpha and Beta module to complement your research on Anhui Shiny.
Please note, there is a significant difference between Anhui Shiny's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anhui Shiny is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anhui Shiny'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 Shiny '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 Shiny'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 Shiny.
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12/05/2024
No Change 0.00
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In 31 days
01/04/2025
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If you would invest 0.00 in Anhui Shiny on December 5, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Shiny Electronic or generate 0.0% return on investment in Anhui Shiny over 30 days. Anhui Shiny is related to or competes with Industrial, China Construction, Bank of China, Agricultural Bank, PetroChina, China Mobile, and Ping An. Anhui Shiny is entity of China. It is traded as Stock on SHE exchange. More
Anhui Shiny 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 Anhui Shiny'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 Shiny Electronic 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 Shiny's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Shiny's standard deviation. In reality, there are many statistical measures that can use Anhui Shiny historical prices to predict the future Anhui Shiny's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Anhui Shiny. Your research has to be compared to or analyzed against Anhui Shiny's peers to derive any actionable benefits. When done correctly, Anhui Shiny'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 Shiny Electronic.
Anhui Shiny Electronic Backtested Returns
At this point, Anhui Shiny is not too volatile. Anhui Shiny Electronic secures Sharpe Ratio (or Efficiency) of 0.011, which signifies that the company had a 0.011% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Anhui Shiny Electronic, which you can use to evaluate the volatility of the firm. Please confirm Anhui Shiny's mean deviation of 3.7, and Risk Adjusted Performance of 0.1071 to double-check if the risk estimate we provide is consistent with the expected return of 0.0502%. The firm shows a Beta (market volatility) of 0.63, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Anhui Shiny's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Shiny is expected to be smaller as well. Anhui Shiny Electronic right now shows a risk of 4.56%. Please confirm Anhui Shiny Electronic semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Anhui Shiny Electronic will be following its price patterns.
Auto-correlation
-0.08
Very weak reverse predictability
Anhui Shiny Electronic has very weak reverse predictability. Overlapping area represents the amount of predictability between Anhui Shiny time series from 5th of December 2024 to 20th of December 2024 and 20th of December 2024 to 4th 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 Shiny Electronic price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Anhui Shiny price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.08
Spearman Rank Test
-0.65
Residual Average
0.0
Price Variance
1.18
Anhui Shiny Electronic lagged returns against current returns
Autocorrelation, which is Anhui Shiny 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 Shiny's stock expected returns. We can calculate the autocorrelation of Anhui Shiny returns to help us make a trade decision. For example, suppose you find that Anhui Shiny 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 Shiny 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 Shiny stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Shiny stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Shiny stock over time.
Current vs Lagged Prices
Timeline
Anhui Shiny Lagged Returns
When evaluating Anhui Shiny's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Shiny stock have on its future price. Anhui Shiny 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 Shiny autocorrelation shows the relationship between Anhui Shiny stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Shiny Electronic.
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 Shiny 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 Shiny security.