Avichina Industry Technology Stock Market Value
| AVIJF Stock | USD 0.36 0.00 0.00% |
| Symbol | AviChina |
AviChina Industry '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 AviChina Industry's pink sheet 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 AviChina Industry.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in AviChina Industry on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding AviChina Industry Technology or generate 0.0% return on investment in AviChina Industry over 30 days. AviChina Industry is related to or competes with Ducommun Incorporated, Innovative Solutions, Kaman, National Presto, Astronics, Park Electrochemical, and Moog. AviChina Industry Technology Company Limited engages in the research, development, manufacture, and sale of civil aviati... More
AviChina Industry 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 AviChina Industry's pink sheet 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 AviChina Industry Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 32.08 |
AviChina Industry Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AviChina Industry's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AviChina Industry's standard deviation. In reality, there are many statistical measures that can use AviChina Industry historical prices to predict the future AviChina Industry's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | 1.68 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of AviChina Industry'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.
AviChina Industry Backtested Returns
AviChina Industry secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. AviChina Industry Technology exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm AviChina Industry's Standard Deviation of 3.95, risk adjusted performance of (0.07), and Mean Deviation of 0.9573 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning AviChina Industry are expected to decrease at a much lower rate. During the bear market, AviChina Industry is likely to outperform the market. AviChina Industry has an expected return of -0.52%. Please make sure to confirm AviChina Industry coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and rate of daily change , to decide if AviChina Industry performance from the past will be repeated at some point in the near future.
Auto-correlation | 1.00 |
Perfect predictability
AviChina Industry Technology has perfect predictability. Overlapping area represents the amount of predictability between AviChina Industry time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 AviChina Industry price movement. The serial correlation of 1.0 indicates that 100.0% of current AviChina Industry price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
AviChina Industry lagged returns against current returns
Autocorrelation, which is AviChina Industry pink sheet'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 AviChina Industry's pink sheet expected returns. We can calculate the autocorrelation of AviChina Industry returns to help us make a trade decision. For example, suppose you find that AviChina Industry has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
AviChina Industry 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 AviChina Industry pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AviChina Industry pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AviChina Industry pink sheet over time.
Current vs Lagged Prices |
| Timeline |
AviChina Industry Lagged Returns
When evaluating AviChina Industry's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AviChina Industry pink sheet have on its future price. AviChina Industry 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, AviChina Industry autocorrelation shows the relationship between AviChina Industry pink sheet current value and its past values and can show if there is a momentum factor associated with investing in AviChina Industry Technology.
Regressed Prices |
| Timeline |
Pair Trading with AviChina Industry
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AviChina Industry position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AviChina Industry will appreciate offsetting losses from the drop in the long position's value.Moving together with AviChina Pink Sheet
| 0.61 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
Moving against AviChina Pink Sheet
| 0.83 | PH | Parker Hannifin Earnings Call This Week | PairCorr |
| 0.81 | TDG | Transdigm Group rporated Financial Report 14th of May 2024 | PairCorr |
| 0.81 | SAFRY | Safran SA Earnings Call Tomorrow | PairCorr |
| 0.67 | GD | General Dynamics Financial Report 24th of July 2024 | PairCorr |
| 0.58 | PPERF | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to AviChina Industry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AviChina Industry when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AviChina Industry - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AviChina Industry Technology to buy it.
The correlation of AviChina Industry is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AviChina Industry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AviChina Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AviChina Industry can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out AviChina Industry Correlation, AviChina Industry Volatility and AviChina Industry Alpha and Beta module to complement your research on AviChina Industry. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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When running AviChina Industry's price analysis, check to measure AviChina Industry'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 AviChina Industry is operating at the current time. Most of AviChina Industry's value examination focuses on studying past and present price action to predict the probability of AviChina Industry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AviChina Industry's price. Additionally, you may evaluate how the addition of AviChina Industry to your portfolios can decrease your overall portfolio volatility.
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AviChina Industry technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.