Yunnan Hongxiang (China) Market Value
| 002727 Stock | 13.89 0.22 1.61% |
| Symbol | Yunnan |
Yunnan Hongxiang '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 Hongxiang'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 Hongxiang.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Yunnan Hongxiang on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Yunnan Hongxiang Yixintang or generate 0.0% return on investment in Yunnan Hongxiang over 180 days. Yunnan Hongxiang is related to or competes with Zhongrun Resources, Shanghai Jinfeng, Metro Investment, Eyebright Medical, and Vanfund Urban. Yunnan Hongxiang is entity of China. It is traded as Stock on SHE exchange. More
Yunnan Hongxiang 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 Hongxiang'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 Hongxiang Yixintang upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | 0.0269 | |||
| Maximum Drawdown | 19.23 | |||
| Value At Risk | (4.23) | |||
| Potential Upside | 5.83 |
Yunnan Hongxiang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yunnan Hongxiang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yunnan Hongxiang's standard deviation. In reality, there are many statistical measures that can use Yunnan Hongxiang historical prices to predict the future Yunnan Hongxiang's volatility.| Risk Adjusted Performance | 0.0578 | |||
| Jensen Alpha | 0.2232 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.0294 | |||
| Treynor Ratio | (1.15) |
Yunnan Hongxiang Yix Backtested Returns
Yunnan Hongxiang appears to be somewhat reliable, given 3 months investment horizon. Yunnan Hongxiang Yix shows Sharpe Ratio of 0.0854, which attests that the company had a 0.0854% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yunnan Hongxiang Yix, which you can use to evaluate the volatility of the company. Please utilize Yunnan Hongxiang's Downside Deviation of 2.98, market risk adjusted performance of (1.14), and Mean Deviation of 2.42 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yunnan Hongxiang holds a performance score of 6. The firm maintains a market beta of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yunnan Hongxiang are expected to decrease at a much lower rate. During the bear market, Yunnan Hongxiang is likely to outperform the market. Please check Yunnan Hongxiang's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Yunnan Hongxiang's historical returns will revert.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Yunnan Hongxiang Yixintang has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Yunnan Hongxiang time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Hongxiang Yix price movement. The serial correlation of -0.71 indicates that around 71.0% of current Yunnan Hongxiang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.43 |
Yunnan Hongxiang Yix lagged returns against current returns
Autocorrelation, which is Yunnan Hongxiang 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 Hongxiang's stock expected returns. We can calculate the autocorrelation of Yunnan Hongxiang returns to help us make a trade decision. For example, suppose you find that Yunnan Hongxiang 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 Hongxiang 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 Hongxiang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yunnan Hongxiang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yunnan Hongxiang stock over time.
Current vs Lagged Prices |
| Timeline |
Yunnan Hongxiang Lagged Returns
When evaluating Yunnan Hongxiang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yunnan Hongxiang stock have on its future price. Yunnan Hongxiang 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 Hongxiang autocorrelation shows the relationship between Yunnan Hongxiang stock current value and its past values and can show if there is a momentum factor associated with investing in Yunnan Hongxiang Yixintang.
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 Yunnan Stock
Yunnan Hongxiang 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 Hongxiang security.