Anhui Yingjia (China) Market Value
| 603198 Stock | 56.37 2.16 3.69% |
| Symbol | Anhui |
Anhui Yingjia '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 Yingjia'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 Yingjia.
| 12/22/2024 |
| 01/21/2025 |
If you would invest 0.00 in Anhui Yingjia on December 22, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Yingjia Distillery or generate 0.0% return on investment in Anhui Yingjia over 30 days. Anhui Yingjia is related to or competes with China Building, Unisplendour Corp, Agricultural Bank, Malion New, Shaanxi Meineng, Ningxia Building, and Konfoong Materials. Anhui Yingjia is entity of China. It is traded as Stock on SHG exchange. More
Anhui Yingjia 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 Yingjia'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 Yingjia Distillery upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 15.2 | |||
| Value At Risk | (4.31) | |||
| Potential Upside | 3.18 |
Anhui Yingjia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Yingjia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Yingjia's standard deviation. In reality, there are many statistical measures that can use Anhui Yingjia historical prices to predict the future Anhui Yingjia's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.57) |
Anhui Yingjia Distillery Backtested Returns
Anhui Yingjia Distillery secures Sharpe Ratio (or Efficiency) of -0.0779, which signifies that the company had a -0.0779 % return per unit of standard deviation over the last 3 months. Anhui Yingjia Distillery exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anhui Yingjia's risk adjusted performance of (0.01), and Mean Deviation of 1.95 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anhui Yingjia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Yingjia is expected to be smaller as well. At this point, Anhui Yingjia Distillery has a negative expected return of -0.21%. Please make sure to confirm Anhui Yingjia's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Anhui Yingjia Distillery performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.67 |
Very good reverse predictability
Anhui Yingjia Distillery has very good reverse predictability. Overlapping area represents the amount of predictability between Anhui Yingjia time series from 22nd of December 2024 to 6th of January 2025 and 6th of January 2025 to 21st 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 Yingjia Distillery price movement. The serial correlation of -0.67 indicates that around 67.0% of current Anhui Yingjia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 3.6 |
Anhui Yingjia Distillery lagged returns against current returns
Autocorrelation, which is Anhui Yingjia 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 Yingjia's stock expected returns. We can calculate the autocorrelation of Anhui Yingjia returns to help us make a trade decision. For example, suppose you find that Anhui Yingjia 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 Yingjia 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 Yingjia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Yingjia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Yingjia stock over time.
Current vs Lagged Prices |
| Timeline |
Anhui Yingjia Lagged Returns
When evaluating Anhui Yingjia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Yingjia stock have on its future price. Anhui Yingjia 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 Yingjia autocorrelation shows the relationship between Anhui Yingjia stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Yingjia Distillery.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Anhui Stock
Anhui Yingjia 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 Yingjia security.