FUJIAN AONONG (China) Market Value

603363
  

CNY 13.14  0.04  0.30%   

FUJIAN AONONG's market value is the price at which a share of FUJIAN AONONG stock trades on a public exchange. It measures the collective expectations of FUJIAN AONONG BIOLOGICAL investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of FUJIAN AONONG BIOLOGICAL and determine expected loss or profit from investing in FUJIAN AONONG over a given investment horizon. Please continue to FUJIAN AONONG Correlation, FUJIAN AONONG Volatility and FUJIAN AONONG Alpha and Beta module to complement your research on FUJIAN AONONG.
Symbol

Please note, there is a significant difference between FUJIAN AONONG's value and its price as these two are different measures arrived at by different means. Investors typically determine FUJIAN AONONG value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FUJIAN AONONG'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.

FUJIAN AONONG '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 FUJIAN AONONG'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 FUJIAN AONONG.
0.00
12/09/2020
No Change 0.00  0.0 
In 1 year 11 months and 21 days
11/29/2022
0.00
If you would invest  0.00  in FUJIAN AONONG on December 9, 2020 and sell it all today you would earn a total of 0.00 from holding FUJIAN AONONG BIOLOGICAL or generate 0.0% return on investment in FUJIAN AONONG over 720 days. FUJIAN AONONG is related to or competes with SHANGHAI DOBE, ZHEJIANG HUATIE, SAN BIAN, ZHEJIANG SATELLITE, JIANGSU NEW, YIBIN TIANYUAN, and LAOBAIXING PHARMACY. Fujian Aonong Biological Technology Group Incorporation Limited engages in the feed, pig raising, raw materials trade, a... More

FUJIAN AONONG 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 FUJIAN AONONG'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 FUJIAN AONONG BIOLOGICAL upside and downside potential and time the market with a certain degree of confidence.

FUJIAN AONONG Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for FUJIAN AONONG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FUJIAN AONONG's standard deviation. In reality, there are many statistical measures that can use FUJIAN AONONG historical prices to predict the future FUJIAN AONONG's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of FUJIAN AONONG'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. Please use the tools below to analyze the current value of FUJIAN AONONG in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
9.4013.1416.88
Details
Intrinsic
Valuation
LowReal ValueHigh
8.9412.6816.42
Details
Naive
Forecast
LowNext ValueHigh
10.7314.4718.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.8413.3713.90
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as FUJIAN AONONG. Your research has to be compared to or analyzed against FUJIAN AONONG's peers to derive any actionable benefits. When done correctly, FUJIAN AONONG's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in FUJIAN AONONG BIOLOG.

FUJIAN AONONG BIOLOG Backtested Returns

FUJIAN AONONG BIOLOG secures Sharpe Ratio (or Efficiency) of -0.0162, which denotes the company had -0.0162% of return per unit of risk over the last month. Macroaxis philosophy in predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. FUJIAN AONONG BIOLOGICAL exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm FUJIAN AONONG BIOLOG mean deviation of 3.14 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.1707, which means not very significant fluctuations relative to the market. Let's try to break down what FUJIAN's beta means in this case. As returns on the market increase, FUJIAN AONONG returns are expected to increase less than the market. However, during the bear market, the loss on holding FUJIAN AONONG will be expected to be smaller as well. Even though it is essential to pay attention to FUJIAN AONONG BIOLOG historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy in predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. FUJIAN AONONG BIOLOGICAL exposes twenty-one different technical indicators, which can help you to evaluate its performance. FUJIAN AONONG BIOLOG has an expected return of -0.0444%. Please be advised to confirm FUJIAN AONONG BIOLOG coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if FUJIAN AONONG BIOLOG performance from the past will be repeated at future time.

Auto-correlation

    
  -0.18  

Insignificant reverse predictability

FUJIAN AONONG BIOLOGICAL has insignificant reverse predictability. Overlapping area represents the amount of predictability between FUJIAN AONONG time series from 9th of December 2020 to 4th of December 2021 and 4th of December 2021 to 29th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of FUJIAN AONONG BIOLOG price movement. The serial correlation of -0.18 indicates that over 18.0% of current FUJIAN AONONG price fluctuation can be explain by its past prices.
Correlation Coefficient-0.18
Spearman Rank Test0.02
Residual Average0.0
Price Variance14.07

FUJIAN AONONG BIOLOG lagged returns against current returns

Autocorrelation, which is FUJIAN AONONG 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 FUJIAN AONONG's stock expected returns. We can calculate the autocorrelation of FUJIAN AONONG returns to help us make a trade decision. For example, suppose you find that FUJIAN AONONG stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

FUJIAN AONONG 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 FUJIAN AONONG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FUJIAN AONONG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FUJIAN AONONG stock over time.
   Current vs Lagged Prices   
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       Timeline  

FUJIAN AONONG Lagged Returns

When evaluating FUJIAN AONONG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FUJIAN AONONG stock have on its future price. FUJIAN AONONG 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, FUJIAN AONONG autocorrelation shows the relationship between FUJIAN AONONG stock current value and its past values and can show if there is a momentum factor associated with investing in FUJIAN AONONG BIOLOGICAL.
   Regressed Prices   
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       Timeline  

Be your own money manager

Our tools can tell you how much better you can do entering a position in FUJIAN AONONG without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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Please continue to FUJIAN AONONG Correlation, FUJIAN AONONG Volatility and FUJIAN AONONG Alpha and Beta module to complement your research on FUJIAN AONONG. Note that the FUJIAN AONONG BIOLOG information on this page should be used as a complementary analysis to other FUJIAN AONONG's 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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for FUJIAN Stock analysis

When running FUJIAN AONONG BIOLOG price analysis, check to measure FUJIAN AONONG'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 FUJIAN AONONG is operating at the current time. Most of FUJIAN AONONG's value examination focuses on studying past and present price action to predict the probability of FUJIAN AONONG's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move FUJIAN AONONG's price. Additionally, you may evaluate how the addition of FUJIAN AONONG to your portfolios can decrease your overall portfolio volatility.
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FUJIAN AONONG technical stock 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, stock market cycles, or different charting patterns.
A focus of FUJIAN AONONG technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of FUJIAN AONONG trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...