ANGANG STEEL (Germany) Market Value
| GNV Stock | 0.17 0.01 5.56% |
| Symbol | ANGANG |
ANGANG STEEL '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 ANGANG STEEL'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 ANGANG STEEL.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in ANGANG STEEL on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ANGANG STEEL H or generate 0.0% return on investment in ANGANG STEEL over 60 days. ANGANG STEEL is related to or competes with TYSON FOODS, MTY Food, Performance Food, Tianjin Capital, EBRO FOODS, STEEL DYNAMICS, and CALTAGIRONE EDITORE. More
ANGANG STEEL 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 ANGANG STEEL'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 ANGANG STEEL H upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.97 | |||
| Information Ratio | 0.0374 | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 6.25 |
ANGANG STEEL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANGANG STEEL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANGANG STEEL's standard deviation. In reality, there are many statistical measures that can use ANGANG STEEL historical prices to predict the future ANGANG STEEL's volatility.| Risk Adjusted Performance | 0.0426 | |||
| Jensen Alpha | 0.1754 | |||
| Total Risk Alpha | 0.109 | |||
| Sortino Ratio | 0.0234 | |||
| Treynor Ratio | 50.12 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ANGANG STEEL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ANGANG STEEL H Backtested Returns
ANGANG STEEL H secures Sharpe Ratio (or Efficiency) of -0.0683, which signifies that the company had a -0.0683% return per unit of risk over the last 3 months. ANGANG STEEL H exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm ANGANG STEEL's Downside Deviation of 6.97, risk adjusted performance of 0.0426, and Mean Deviation of 2.56 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0035, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ANGANG STEEL's returns are expected to increase less than the market. However, during the bear market, the loss of holding ANGANG STEEL is expected to be smaller as well. At this point, ANGANG STEEL H has a negative expected return of -0.27%. Please make sure to confirm ANGANG STEEL's jensen alpha, semi variance, price action indicator, as well as the relationship between the maximum drawdown and daily balance of power , to decide if ANGANG STEEL H performance from the past will be repeated in the future.
Auto-correlation | 0.54 |
Modest predictability
ANGANG STEEL H has modest predictability. Overlapping area represents the amount of predictability between ANGANG STEEL time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 ANGANG STEEL H price movement. The serial correlation of 0.54 indicates that about 54.0% of current ANGANG STEEL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ANGANG STEEL H lagged returns against current returns
Autocorrelation, which is ANGANG STEEL 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 ANGANG STEEL's stock expected returns. We can calculate the autocorrelation of ANGANG STEEL returns to help us make a trade decision. For example, suppose you find that ANGANG STEEL 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 |
ANGANG STEEL 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 ANGANG STEEL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANGANG STEEL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANGANG STEEL stock over time.
Current vs Lagged Prices |
| Timeline |
ANGANG STEEL Lagged Returns
When evaluating ANGANG STEEL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANGANG STEEL stock have on its future price. ANGANG STEEL 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, ANGANG STEEL autocorrelation shows the relationship between ANGANG STEEL stock current value and its past values and can show if there is a momentum factor associated with investing in ANGANG STEEL H .
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for ANGANG Stock Analysis
When running ANGANG STEEL's price analysis, check to measure ANGANG STEEL's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ANGANG STEEL is operating at the current time. Most of ANGANG STEEL's value examination focuses on studying past and present price action to predict the probability of ANGANG STEEL's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANGANG STEEL's price. Additionally, you may evaluate how the addition of ANGANG STEEL to your portfolios can decrease your overall portfolio volatility.