Yunnan Aluminium (China) Market Value
| 000807 Stock | 13.40 0.15 1.11% |
| Symbol | Yunnan |
Yunnan Aluminium '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 Yunnan Aluminium'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 Yunnan Aluminium.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Yunnan Aluminium on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Yunnan Aluminium Co or generate 0.0% return on investment in Yunnan Aluminium over 30 days. Yunnan Aluminium is related to or competes with GigaDevice SemiconductorBei, Zhongyin Babi, Anji Foodstuff, Lootom Telcovideo, Shanghai Jinfeng, Xiamen Jihong, and Citic Guoan. Yunnan Aluminium is entity of China. It is traded as Stock on SHE exchange. More
Yunnan Aluminium 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 Yunnan Aluminium'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 Yunnan Aluminium Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.53 | |||
| Information Ratio | 0.0697 | |||
| Maximum Drawdown | 15.53 | |||
| Value At Risk | (3.27) | |||
| Potential Upside | 4.73 |
Yunnan Aluminium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yunnan Aluminium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yunnan Aluminium's standard deviation. In reality, there are many statistical measures that can use Yunnan Aluminium historical prices to predict the future Yunnan Aluminium's volatility.| Risk Adjusted Performance | 0.0976 | |||
| Jensen Alpha | 0.3242 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0748 | |||
| Treynor Ratio | (2.58) |
Yunnan Aluminium Backtested Returns
Yunnan Aluminium appears to be not too volatile, given 3 months investment horizon. Yunnan Aluminium shows Sharpe Ratio of 0.098, which attests that the company had a 0.098% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yunnan Aluminium, which you can use to evaluate the volatility of the company. Please utilize Yunnan Aluminium's Market Risk Adjusted Performance of (2.57), mean deviation of 2.08, and Downside Deviation of 2.53 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yunnan Aluminium holds a performance score of 7. The firm maintains a market beta of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yunnan Aluminium are expected to decrease at a much lower rate. During the bear market, Yunnan Aluminium is likely to outperform the market. Please check Yunnan Aluminium's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Yunnan Aluminium's historical returns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Yunnan Aluminium Co has very good reverse predictability. Overlapping area represents the amount of predictability between Yunnan Aluminium time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Yunnan Aluminium price movement. The serial correlation of -0.7 indicates that around 70.0% of current Yunnan Aluminium price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
Yunnan Aluminium lagged returns against current returns
Autocorrelation, which is Yunnan Aluminium 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 Yunnan Aluminium's stock expected returns. We can calculate the autocorrelation of Yunnan Aluminium returns to help us make a trade decision. For example, suppose you find that Yunnan Aluminium 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 |
Yunnan Aluminium 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 Yunnan Aluminium stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yunnan Aluminium stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yunnan Aluminium stock over time.
Current vs Lagged Prices |
| Timeline |
Yunnan Aluminium Lagged Returns
When evaluating Yunnan Aluminium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yunnan Aluminium stock have on its future price. Yunnan Aluminium 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, Yunnan Aluminium autocorrelation shows the relationship between Yunnan Aluminium stock current value and its past values and can show if there is a momentum factor associated with investing in Yunnan Aluminium Co.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Yunnan Stock
Yunnan Aluminium financial ratios help investors to determine whether Yunnan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Yunnan with respect to the benefits of owning Yunnan Aluminium security.