Anhui Conch (China) Market Value

600585 Stock   24.36  0.18  0.74%   
Anhui Conch's market value is the price at which a share of Anhui Conch trades on a public exchange. It measures the collective expectations of Anhui Conch Cement investors about its performance. Anhui Conch is trading at 24.36 as of the 17th of March 2025, a 0.74 percent increase since the beginning of the trading day. The stock's open price was 24.18.
With this module, you can estimate the performance of a buy and hold strategy of Anhui Conch Cement and determine expected loss or profit from investing in Anhui Conch over a given investment horizon. Check out Anhui Conch Correlation, Anhui Conch Volatility and Anhui Conch Alpha and Beta module to complement your research on Anhui Conch.
Symbol

Please note, there is a significant difference between Anhui Conch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anhui Conch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anhui Conch'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 Conch '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 Conch'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 Conch.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Anhui Conch on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Conch Cement or generate 0.0% return on investment in Anhui Conch over 90 days. Anhui Conch is related to or competes with Tongyu Communication, Thinkingdom Media, Shanghai Yaoji, Guangdong Jinma, Sichuan Newsnet, State Grid, and Anhui Xinhua. Anhui Conch is entity of China. It is traded as Stock on SHG exchange. More

Anhui Conch 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 Conch'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 Conch Cement upside and downside potential and time the market with a certain degree of confidence.

Anhui Conch Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Conch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Conch's standard deviation. In reality, there are many statistical measures that can use Anhui Conch historical prices to predict the future Anhui Conch's volatility.
Hype
Prediction
LowEstimatedHigh
23.1824.3525.52
Details
Intrinsic
Valuation
LowRealHigh
23.1624.3325.50
Details
Naive
Forecast
LowNextHigh
23.8325.0126.18
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Anhui Conch. Your research has to be compared to or analyzed against Anhui Conch's peers to derive any actionable benefits. When done correctly, Anhui Conch'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 Conch Cement.

Anhui Conch Cement Backtested Returns

Anhui Conch Cement secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of standard deviation over the last 3 months. Anhui Conch Cement exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anhui Conch's risk adjusted performance of (0.05), and Mean Deviation of 0.9056 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0852, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anhui Conch's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Conch is expected to be smaller as well. At this point, Anhui Conch Cement has a negative expected return of -0.01%. Please make sure to confirm Anhui Conch's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Anhui Conch Cement performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.84  

Very good predictability

Anhui Conch Cement has very good predictability. Overlapping area represents the amount of predictability between Anhui Conch 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 Anhui Conch Cement price movement. The serial correlation of 0.84 indicates that around 84.0% of current Anhui Conch price fluctuation can be explain by its past prices.
Correlation Coefficient0.84
Spearman Rank Test0.19
Residual Average0.0
Price Variance0.3

Anhui Conch Cement lagged returns against current returns

Autocorrelation, which is Anhui Conch 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 Conch's stock expected returns. We can calculate the autocorrelation of Anhui Conch returns to help us make a trade decision. For example, suppose you find that Anhui Conch 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 Conch 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 Conch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Conch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Conch stock over time.
   Current vs Lagged Prices   
       Timeline  

Anhui Conch Lagged Returns

When evaluating Anhui Conch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Conch stock have on its future price. Anhui Conch 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 Conch autocorrelation shows the relationship between Anhui Conch stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Conch Cement.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Anhui Stock

Anhui Conch 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 Conch security.