Anhui Tongguan (China) Market Value
| 301217 Stock | 12.38 0.31 2.57% |
| Symbol | Anhui |
Anhui Tongguan '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 Tongguan'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 Tongguan.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Anhui Tongguan on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Tongguan Copper or generate 0.0% return on investment in Anhui Tongguan over 90 days. Anhui Tongguan is related to or competes with Lier Chemical, Zotye Automobile, Haima Automobile, Nanning Chemical, Ningbo Fangzheng, Songz Automobile, and Anhui Jianghuai. Anhui Tongguan is entity of China. It is traded as Stock on SHE exchange. More
Anhui Tongguan 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 Tongguan'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 Tongguan Copper upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.121 | |||
| Maximum Drawdown | 13.82 | |||
| Value At Risk | (4.44) | |||
| Potential Upside | 4.33 |
Anhui Tongguan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Tongguan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Tongguan's standard deviation. In reality, there are many statistical measures that can use Anhui Tongguan historical prices to predict the future Anhui Tongguan's volatility.| Risk Adjusted Performance | 0.0794 | |||
| Jensen Alpha | 0.2428 | |||
| Total Risk Alpha | 0.5411 | |||
| Sortino Ratio | 0.1107 | |||
| Treynor Ratio | 0.7093 |
Anhui Tongguan Copper Backtested Returns
Anhui Tongguan appears to be not too volatile, given 3 months investment horizon. Anhui Tongguan Copper secures Sharpe Ratio (or Efficiency) of 0.0915, which signifies that the company had a 0.0915 % return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Anhui Tongguan Copper, which you can use to evaluate the volatility of the firm. Please makes use of Anhui Tongguan's mean deviation of 1.96, and Risk Adjusted Performance of 0.0794 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Anhui Tongguan holds a performance score of 7. The firm shows a Beta (market volatility) of 0.3, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anhui Tongguan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Tongguan is expected to be smaller as well. Please check Anhui Tongguan's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Anhui Tongguan's price patterns will revert.
Auto-correlation | -0.08 |
Very weak reverse predictability
Anhui Tongguan Copper has very weak reverse predictability. Overlapping area represents the amount of predictability between Anhui Tongguan time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Anhui Tongguan Copper price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Anhui Tongguan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Anhui Tongguan Copper lagged returns against current returns
Autocorrelation, which is Anhui Tongguan 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 Tongguan's stock expected returns. We can calculate the autocorrelation of Anhui Tongguan returns to help us make a trade decision. For example, suppose you find that Anhui Tongguan 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 Tongguan 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 Tongguan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Tongguan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Tongguan stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Tongguan Lagged Returns
When evaluating Anhui Tongguan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Tongguan stock have on its future price. Anhui Tongguan 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 Tongguan autocorrelation shows the relationship between Anhui Tongguan stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Tongguan Copper.
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 Anhui Stock
Anhui Tongguan 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 Tongguan security.