Anhui Conch Cement Stock Market Value
| AHCHY Stock | USD 11.31 0.15 1.31% |
| Symbol | Anhui |
Anhui Conch '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 Conch'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 Anhui Conch.
| 04/21/2024 |
| 06/20/2024 |
If you would invest 0.00 in Anhui Conch on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Anhui Conch Cement or generate 0.0% return on investment in Anhui Conch over 60 days. Anhui Conch is related to or competes with CRH PLC, Holcim, Lafargeholcim, Martin Marietta, Vulcan Materials, Anhui Conch. Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cemen... More
Anhui Conch 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 Conch'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 Anhui Conch Cement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.0376 | |||
| Maximum Drawdown | 14.06 | |||
| Value At Risk | (3.93) | |||
| Potential Upside | 4.39 |
Anhui Conch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Anhui Conch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Anhui Conch's standard deviation. In reality, there are many statistical measures that can use Anhui Conch historical prices to predict the future Anhui Conch's volatility.| Risk Adjusted Performance | 0.0342 | |||
| Jensen Alpha | 0.0896 | |||
| Total Risk Alpha | 0.1004 | |||
| Sortino Ratio | 0.0481 | |||
| Treynor Ratio | 0.3779 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Anhui Conch'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.
Anhui Conch Cement Backtested Returns
We consider Anhui Conch not too volatile. Anhui Conch Cement secures Sharpe Ratio (or Efficiency) of 0.0767, which signifies that the company had a 0.0767% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Anhui Conch Cement, which you can use to evaluate the volatility of the firm. Please confirm Anhui Conch's mean deviation of 1.66, and Risk Adjusted Performance of 0.0342 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%. Anhui Conch has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Anhui Conch's returns are expected to increase less than the market. However, during the bear market, the loss of holding Anhui Conch is expected to be smaller as well. Anhui Conch Cement right now shows a risk of 2.42%. Please confirm Anhui Conch Cement jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to decide if Anhui Conch Cement will be following its price patterns.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Anhui Conch Cement has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Anhui Conch time series from 21st of April 2024 to 21st of May 2024 and 21st of May 2024 to 20th of June 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 Anhui Conch Cement price movement. The serial correlation of -0.75 indicates that around 75.0% of current Anhui Conch price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Anhui Conch Cement lagged returns against current returns
Autocorrelation, which is Anhui Conch 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 Anhui Conch's pink sheet expected returns. We can calculate the autocorrelation of Anhui Conch returns to help us make a trade decision. For example, suppose you find that Anhui Conch 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 |
Anhui Conch 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 Conch pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Anhui Conch pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Anhui Conch pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Anhui Conch Lagged Returns
When evaluating Anhui Conch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Anhui Conch pink sheet have on its future price. Anhui Conch 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 Conch autocorrelation shows the relationship between Anhui Conch pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Anhui Conch Cement.
Regressed Prices |
| Timeline |
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| PYTH | Pyth Network | |
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Additional Tools for Anhui Pink Sheet Analysis
When running Anhui Conch's price analysis, check to measure Anhui Conch'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 Anhui Conch is operating at the current time. Most of Anhui Conch's value examination focuses on studying past and present price action to predict the probability of Anhui Conch's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anhui Conch's price. Additionally, you may evaluate how the addition of Anhui Conch to your portfolios can decrease your overall portfolio volatility.