Anta Sports Products Stock Market Value
| ANPDF Stock | USD 10.65 0.07 0.65% |
| Symbol | ANTA |
ANTA Sports '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 ANTA Sports' 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 ANTA Sports.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in ANTA Sports on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding ANTA Sports Products or generate 0.0% return on investment in ANTA Sports over 720 days. ANTA Sports is related to or competes with Hasbro, JAKKS Pacific, Planet Fitness, Funko, Mattel, Life Time, and Acushnet Holdings. ANTA Sports Products Limited, together with its subsidiaries, designs, develops, manufactures, and markets sporting foot... More
ANTA Sports 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 ANTA Sports' 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 ANTA Sports Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.96 | |||
| Information Ratio | 0.1032 | |||
| Maximum Drawdown | 19.81 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 6.26 |
ANTA Sports Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ANTA Sports' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ANTA Sports' standard deviation. In reality, there are many statistical measures that can use ANTA Sports historical prices to predict the future ANTA Sports' volatility.| Risk Adjusted Performance | 0.0887 | |||
| Jensen Alpha | 0.2738 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0556 | |||
| Treynor Ratio | 0.2376 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ANTA Sports' 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.
ANTA Sports Products Backtested Returns
ANTA Sports appears to be somewhat reliable, given 3 months investment horizon. ANTA Sports Products secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ANTA Sports Products, which you can use to evaluate the volatility of the firm. Please makes use of ANTA Sports' mean deviation of 1.88, and Risk Adjusted Performance of 0.0887 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ANTA Sports holds a performance score of 11. The firm shows a Beta (market volatility) of 1.73, 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, ANTA Sports will likely underperform. Please check ANTA Sports' expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether ANTA Sports' price patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
ANTA Sports Products has poor reverse predictability. Overlapping area represents the amount of predictability between ANTA Sports time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 ANTA Sports Products price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current ANTA Sports price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
ANTA Sports Products lagged returns against current returns
Autocorrelation, which is ANTA Sports 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 ANTA Sports' pink sheet expected returns. We can calculate the autocorrelation of ANTA Sports returns to help us make a trade decision. For example, suppose you find that ANTA Sports 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 |
ANTA Sports 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 ANTA Sports pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ANTA Sports pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ANTA Sports pink sheet over time.
Current vs Lagged Prices |
| Timeline |
ANTA Sports Lagged Returns
When evaluating ANTA Sports' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ANTA Sports pink sheet have on its future price. ANTA Sports 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, ANTA Sports autocorrelation shows the relationship between ANTA Sports pink sheet current value and its past values and can show if there is a momentum factor associated with investing in ANTA Sports Products.
Regressed Prices |
| Timeline |
Pair Trading with ANTA Sports
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 ANTA Sports 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 ANTA Sports will appreciate offsetting losses from the drop in the long position's value.Moving together with ANTA Pink Sheet
| 0.94 | ANPDY | ANTA Sports Products | PairCorr |
| 0.83 | LNNGF | Li Ning Company | PairCorr |
Moving against ANTA Pink Sheet
| 0.82 | OLCLY | Oriental Land | PairCorr |
| 0.78 | NCBDY | BANDAI NAMCO Holdings | PairCorr |
| 0.65 | OLCLF | Oriental Land | PairCorr |
| 0.48 | CUK | Carnival Plc ADS | PairCorr |
The ability to find closely correlated positions to ANTA Sports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANTA Sports 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 ANTA Sports - 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 ANTA Sports Products to buy it.
The correlation of ANTA Sports 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 ANTA Sports moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANTA Sports Products 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 ANTA Sports 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 ANTA Sports Correlation, ANTA Sports Volatility and ANTA Sports Alpha and Beta module to complement your research on ANTA Sports. Note that the ANTA Sports Products information on this page should be used as a complementary analysis to other ANTA Sports' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for ANTA Pink Sheet analysis
When running ANTA Sports' price analysis, check to measure ANTA Sports' 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 ANTA Sports is operating at the current time. Most of ANTA Sports' value examination focuses on studying past and present price action to predict the probability of ANTA Sports' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANTA Sports' price. Additionally, you may evaluate how the addition of ANTA Sports to your portfolios can decrease your overall portfolio volatility.
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ANTA Sports 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.