Fujian Anjoy (China) Market Value
| 603345 Stock | 94.31 4.78 5.34% |
| Symbol | Fujian |
Fujian Anjoy '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 Fujian Anjoy'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 Fujian Anjoy.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in Fujian Anjoy on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding Fujian Anjoy Foods or generate 0.0% return on investment in Fujian Anjoy over 210 days. Fujian Anjoy is related to or competes with Nanjing Putian, Tianjin Realty, Kangyue Technology, Shenzhen Hifuture, Shenzhen Changfang, Shenyang Huitian, and Jiangsu Xinning. Fujian Anjoy is entity of China. It is traded as Stock on SHG exchange. More
Fujian Anjoy 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 Fujian Anjoy'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 Fujian Anjoy Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.56 | |||
| Information Ratio | 0.0663 | |||
| Maximum Drawdown | 16.33 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 8.14 |
Fujian Anjoy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fujian Anjoy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fujian Anjoy's standard deviation. In reality, there are many statistical measures that can use Fujian Anjoy historical prices to predict the future Fujian Anjoy's volatility.| Risk Adjusted Performance | 0.0819 | |||
| Jensen Alpha | 0.2839 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0894 | |||
| Treynor Ratio | 0.663 |
Fujian Anjoy Foods Backtested Returns
Fujian Anjoy appears to be very steady, given 3 months investment horizon. Fujian Anjoy Foods secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. By reviewing Fujian Anjoy's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Fujian Anjoy's Coefficient Of Variation of 976.15, mean deviation of 2.52, and Downside Deviation of 2.56 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Fujian Anjoy holds a performance score of 11. The firm shows a Beta (market volatility) of 0.52, which means possible diversification benefits within a given portfolio. As returns on the market increase, Fujian Anjoy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fujian Anjoy is expected to be smaller as well. Please check Fujian Anjoy's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Fujian Anjoy's price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Fujian Anjoy Foods has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Fujian Anjoy time series from 16th of May 2024 to 29th of August 2024 and 29th of August 2024 to 12th of December 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 Fujian Anjoy Foods price movement. The serial correlation of -0.75 indicates that around 75.0% of current Fujian Anjoy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 73.55 |
Fujian Anjoy Foods lagged returns against current returns
Autocorrelation, which is Fujian Anjoy 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 Fujian Anjoy's stock expected returns. We can calculate the autocorrelation of Fujian Anjoy returns to help us make a trade decision. For example, suppose you find that Fujian Anjoy 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 |
Fujian Anjoy 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 Fujian Anjoy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fujian Anjoy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fujian Anjoy stock over time.
Current vs Lagged Prices |
| Timeline |
Fujian Anjoy Lagged Returns
When evaluating Fujian Anjoy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fujian Anjoy stock have on its future price. Fujian Anjoy 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, Fujian Anjoy autocorrelation shows the relationship between Fujian Anjoy stock current value and its past values and can show if there is a momentum factor associated with investing in Fujian Anjoy Foods.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Fujian Stock
Fujian Anjoy financial ratios help investors to determine whether Fujian 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 Fujian with respect to the benefits of owning Fujian Anjoy security.