Yuan Longping (China) Market Value
| 000998 Stock | 10.87 0.32 2.86% |
| Symbol | Yuan |
Yuan Longping '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 Yuan Longping'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 Yuan Longping.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Yuan Longping on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Yuan Longping High tech or generate 0.0% return on investment in Yuan Longping over 390 days. Yuan Longping is related to or competes with Agricultural Bank, Industrial, Bank of China, China Construction, China Merchants, PetroChina, and Industrial Bank. Yuan Longping is entity of China. It is traded as Stock on SHE exchange. More
Yuan Longping 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 Yuan Longping'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 Yuan Longping High tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0201 | |||
| Maximum Drawdown | 18.65 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 3.9 |
Yuan Longping Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yuan Longping's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yuan Longping's standard deviation. In reality, there are many statistical measures that can use Yuan Longping historical prices to predict the future Yuan Longping's volatility.| Risk Adjusted Performance | 0.0597 | |||
| Jensen Alpha | 0.1449 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0235 | |||
| Treynor Ratio | 0.7029 |
Yuan Longping High Backtested Returns
Yuan Longping appears to be somewhat reliable, given 3 months investment horizon. Yuan Longping High shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Yuan Longping High, which you can use to evaluate the volatility of the company. Please utilize Yuan Longping's Downside Deviation of 2.3, market risk adjusted performance of 0.7129, and Mean Deviation of 1.91 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yuan Longping holds a performance score of 8. The firm maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yuan Longping's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yuan Longping is expected to be smaller as well. Please check Yuan Longping's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Yuan Longping's historical returns will revert.
Auto-correlation | 0.25 |
Poor predictability
Yuan Longping High tech has poor predictability. Overlapping area represents the amount of predictability between Yuan Longping time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Yuan Longping High price movement. The serial correlation of 0.25 indicates that over 25.0% of current Yuan Longping price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.76 |
Yuan Longping High lagged returns against current returns
Autocorrelation, which is Yuan Longping 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 Yuan Longping's stock expected returns. We can calculate the autocorrelation of Yuan Longping returns to help us make a trade decision. For example, suppose you find that Yuan Longping 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 |
Yuan Longping 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 Yuan Longping stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yuan Longping stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yuan Longping stock over time.
Current vs Lagged Prices |
| Timeline |
Yuan Longping Lagged Returns
When evaluating Yuan Longping's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yuan Longping stock have on its future price. Yuan Longping 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, Yuan Longping autocorrelation shows the relationship between Yuan Longping stock current value and its past values and can show if there is a momentum factor associated with investing in Yuan Longping High tech.
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 Yuan Stock
Yuan Longping financial ratios help investors to determine whether Yuan 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 Yuan with respect to the benefits of owning Yuan Longping security.