Wuliangye Yibin (China) Market Value
| 000858 Stock | 144.89 4.61 3.08% |
| Symbol | Wuliangye |
Wuliangye Yibin '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 Wuliangye Yibin'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 Wuliangye Yibin.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Wuliangye Yibin on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Wuliangye Yibin Co or generate 0.0% return on investment in Wuliangye Yibin over 720 days. Wuliangye Yibin is related to or competes with Arrow Home, Xizi Clean, Shaanxi Meineng, Cangzhou Mingzhu, Guangzhou Shangpin, UE Furniture, and Oppein Home. More
Wuliangye Yibin 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 Wuliangye Yibin'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 Wuliangye Yibin Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0817 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 10.0 |
Wuliangye Yibin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wuliangye Yibin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wuliangye Yibin's standard deviation. In reality, there are many statistical measures that can use Wuliangye Yibin historical prices to predict the future Wuliangye Yibin's volatility.| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 0.3585 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.1067 | |||
| Treynor Ratio | 0.9807 |
Wuliangye Yibin Backtested Returns
Wuliangye Yibin appears to be very steady, given 3 months investment horizon. Wuliangye Yibin shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wuliangye Yibin, which you can use to evaluate the volatility of the company. Please utilize Wuliangye Yibin's Market Risk Adjusted Performance of 0.9907, downside deviation of 2.7, and Mean Deviation of 2.47 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Wuliangye Yibin holds a performance score of 9. The firm maintains a market beta of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wuliangye Yibin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wuliangye Yibin is expected to be smaller as well. Please check Wuliangye Yibin's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and standard deviation , to make a quick decision on whether Wuliangye Yibin's historical returns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
Wuliangye Yibin Co has weak reverse predictability. Overlapping area represents the amount of predictability between Wuliangye Yibin time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Wuliangye Yibin price movement. The serial correlation of -0.24 indicates that over 24.0% of current Wuliangye Yibin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 137.02 |
Wuliangye Yibin lagged returns against current returns
Autocorrelation, which is Wuliangye Yibin 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 Wuliangye Yibin's stock expected returns. We can calculate the autocorrelation of Wuliangye Yibin returns to help us make a trade decision. For example, suppose you find that Wuliangye Yibin 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 |
Wuliangye Yibin 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 Wuliangye Yibin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wuliangye Yibin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wuliangye Yibin stock over time.
Current vs Lagged Prices |
| Timeline |
Wuliangye Yibin Lagged Returns
When evaluating Wuliangye Yibin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wuliangye Yibin stock have on its future price. Wuliangye Yibin 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, Wuliangye Yibin autocorrelation shows the relationship between Wuliangye Yibin stock current value and its past values and can show if there is a momentum factor associated with investing in Wuliangye Yibin 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 Wuliangye Stock
Wuliangye Yibin financial ratios help investors to determine whether Wuliangye 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 Wuliangye with respect to the benefits of owning Wuliangye Yibin security.