Shijiazhuang Yiling (China) Market Value
| 002603 Stock | 17.39 0.17 0.99% |
| Symbol | Shijiazhuang |
Shijiazhuang Yiling '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 Shijiazhuang Yiling'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 Shijiazhuang Yiling.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Shijiazhuang Yiling on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shijiazhuang Yiling Pharmaceutical or generate 0.0% return on investment in Shijiazhuang Yiling over 180 days. Shijiazhuang Yiling is related to or competes with Harbin Hatou, Tibet Huayu, Shenzhen Centralcon, Guocheng Mining, Metro Investment, Hunan Investment, and Jointo Energy. Shijiazhuang Yiling is entity of China. It is traded as Stock on SHE exchange. More
Shijiazhuang Yiling 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 Shijiazhuang Yiling'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 Shijiazhuang Yiling Pharmaceutical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.29 | |||
| Information Ratio | 0.0128 | |||
| Maximum Drawdown | 17.09 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 3.84 |
Shijiazhuang Yiling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shijiazhuang Yiling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shijiazhuang Yiling's standard deviation. In reality, there are many statistical measures that can use Shijiazhuang Yiling historical prices to predict the future Shijiazhuang Yiling's volatility.| Risk Adjusted Performance | 0.0608 | |||
| Jensen Alpha | 0.1623 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | (4.56) |
Shijiazhuang Yiling Backtested Returns
Shijiazhuang Yiling appears to be not too volatile, given 3 months investment horizon. Shijiazhuang Yiling owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shijiazhuang Yiling Pharmaceutical, which you can use to evaluate the volatility of the company. Please review Shijiazhuang Yiling's Risk Adjusted Performance of 0.0608, semi deviation of 2.21, and Coefficient Of Variation of 1414.79 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shijiazhuang Yiling holds a performance score of 7. The entity has a beta of -0.0346, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shijiazhuang Yiling are expected to decrease at a much lower rate. During the bear market, Shijiazhuang Yiling is likely to outperform the market. Please check Shijiazhuang Yiling'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 Shijiazhuang Yiling's existing price patterns will revert.
Auto-correlation | -0.22 |
Weak reverse predictability
Shijiazhuang Yiling Pharmaceutical has weak reverse predictability. Overlapping area represents the amount of predictability between Shijiazhuang Yiling time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 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 Shijiazhuang Yiling price movement. The serial correlation of -0.22 indicates that over 22.0% of current Shijiazhuang Yiling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.26 |
Shijiazhuang Yiling lagged returns against current returns
Autocorrelation, which is Shijiazhuang Yiling 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 Shijiazhuang Yiling's stock expected returns. We can calculate the autocorrelation of Shijiazhuang Yiling returns to help us make a trade decision. For example, suppose you find that Shijiazhuang Yiling 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 |
Shijiazhuang Yiling 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 Shijiazhuang Yiling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shijiazhuang Yiling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shijiazhuang Yiling stock over time.
Current vs Lagged Prices |
| Timeline |
Shijiazhuang Yiling Lagged Returns
When evaluating Shijiazhuang Yiling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shijiazhuang Yiling stock have on its future price. Shijiazhuang Yiling 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, Shijiazhuang Yiling autocorrelation shows the relationship between Shijiazhuang Yiling stock current value and its past values and can show if there is a momentum factor associated with investing in Shijiazhuang Yiling Pharmaceutical.
Regressed Prices |
| Timeline |
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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 Shijiazhuang Stock
Shijiazhuang Yiling financial ratios help investors to determine whether Shijiazhuang 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 Shijiazhuang with respect to the benefits of owning Shijiazhuang Yiling security.