Anhui Estone's market value is the price at which a share of Anhui Estone trades on a public exchange. It measures the collective expectations of Anhui Estone Materials investors about its performance. Anhui Estone is trading at 18.41 as of the 6th of January 2025, a 2.64 percent decrease since the beginning of the trading day. The stock's open price was 18.91. With this module, you can estimate the performance of a buy and hold strategy of Anhui Estone Materials and determine expected loss or profit from investing in Anhui Estone over a given investment horizon. Check out Anhui Estone Correlation, Anhui Estone Volatility and Anhui Estone Alpha and Beta module to complement your research on Anhui Estone.
Please note, there is a significant difference between Anhui Estone's value and its price as these two are different measures arrived at by different means. Investors typically determine if Anhui Estone is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Anhui Estone'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 Estone '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 Estone'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 Estone.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Anhui Estone'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 Estone Materials 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 Estone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Estone's standard deviation. In reality, there are many statistical measures that can use Anhui Estone historical prices to predict the future Anhui Estone's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Anhui Estone. Your research has to be compared to or analyzed against Anhui Estone's peers to derive any actionable benefits. When done correctly, Anhui Estone'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 Estone Materials.
Anhui Estone Materials Backtested Returns
Anhui Estone Materials secures Sharpe Ratio (or Efficiency) of -0.0103, which signifies that the company had a -0.0103% return per unit of standard deviation over the last 3 months. Anhui Estone Materials exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Anhui Estone's mean deviation of 4.26, and Risk Adjusted Performance of 0.0819 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.21, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Anhui Estone will likely underperform. At this point, Anhui Estone Materials has a negative expected return of -0.0514%. Please make sure to confirm Anhui Estone's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Anhui Estone Materials performance from the past will be repeated at some point in the near future.
Auto-correlation
0.46
Average predictability
Anhui Estone Materials has average predictability. Overlapping area represents the amount of predictability between Anhui Estone time series from 17th of January 2023 to 12th of January 2024 and 12th of January 2024 to 6th 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 Estone Materials price movement. The serial correlation of 0.46 indicates that about 46.0% of current Anhui Estone price fluctuation can be explain by its past prices.
Correlation Coefficient
0.46
Spearman Rank Test
0.12
Residual Average
0.0
Price Variance
13.29
Anhui Estone Materials lagged returns against current returns
Autocorrelation, which is Anhui Estone 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 Estone's stock expected returns. We can calculate the autocorrelation of Anhui Estone returns to help us make a trade decision. For example, suppose you find that Anhui Estone 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 Estone 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 Estone stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Estone stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Estone stock over time.
Current vs Lagged Prices
Timeline
Anhui Estone Lagged Returns
When evaluating Anhui Estone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Estone stock have on its future price. Anhui Estone 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 Estone autocorrelation shows the relationship between Anhui Estone stock current value and its past values and can show if there is a momentum factor associated with investing in Anhui Estone Materials.
Anhui Estone 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 Estone security.