Zhejiang Yueling (China) Market Value
| 002725 Stock | 13.51 0.32 2.31% |
| Symbol | Zhejiang |
Zhejiang Yueling '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 Zhejiang Yueling'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 Zhejiang Yueling.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Zhejiang Yueling on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Zhejiang Yueling Co or generate 0.0% return on investment in Zhejiang Yueling over 360 days. Zhejiang Yueling is related to or competes with Tibet Huayu, Shenzhen Silver, Huaibei Mining, Xinjiang Baodi, Jinhui Mining, China Construction, and HeNan Splendor. Zhejiang Yueling is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Yueling 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 Zhejiang Yueling'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 Zhejiang Yueling Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.07 | |||
| Information Ratio | 0.1616 | |||
| Maximum Drawdown | 20.03 | |||
| Value At Risk | (9.33) | |||
| Potential Upside | 9.99 |
Zhejiang Yueling Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Yueling's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Yueling's standard deviation. In reality, there are many statistical measures that can use Zhejiang Yueling historical prices to predict the future Zhejiang Yueling's volatility.| Risk Adjusted Performance | 0.1435 | |||
| Jensen Alpha | 0.9868 | |||
| Total Risk Alpha | 0.13 | |||
| Sortino Ratio | 0.1572 | |||
| Treynor Ratio | (1.40) |
Zhejiang Yueling Backtested Returns
Zhejiang Yueling is somewhat reliable given 3 months investment horizon. Zhejiang Yueling shows Sharpe Ratio of 0.22, which attests that the company had a 0.22% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Zhejiang Yueling Co Downside Deviation of 5.07, mean deviation of 3.7, and Market Risk Adjusted Performance of (1.39) to evaluate company specific risk that cannot be diversified away. Zhejiang Yueling holds a performance score of 17 on a scale of zero to a hundred. The firm maintains a market beta of -0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhejiang Yueling are expected to decrease at a much lower rate. During the bear market, Zhejiang Yueling is likely to outperform the market. Use Zhejiang Yueling Co mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to analyze future returns on Zhejiang Yueling Co.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Zhejiang Yueling Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Yueling time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Zhejiang Yueling price movement. The serial correlation of -0.18 indicates that over 18.0% of current Zhejiang Yueling price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 5.39 |
Zhejiang Yueling lagged returns against current returns
Autocorrelation, which is Zhejiang Yueling 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 Zhejiang Yueling's stock expected returns. We can calculate the autocorrelation of Zhejiang Yueling returns to help us make a trade decision. For example, suppose you find that Zhejiang Yueling 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 |
Zhejiang Yueling 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 Zhejiang Yueling stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Yueling stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Yueling stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Yueling Lagged Returns
When evaluating Zhejiang Yueling's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Yueling stock have on its future price. Zhejiang Yueling 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, Zhejiang Yueling autocorrelation shows the relationship between Zhejiang Yueling stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Yueling 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 Zhejiang Stock
Zhejiang Yueling financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Yueling security.