Yingde Greatchem (China) Market Value
| 300804 Stock | 24.79 0.29 1.16% |
| Symbol | Yingde |
Yingde Greatchem '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 Yingde Greatchem'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 Yingde Greatchem.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Yingde Greatchem on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Yingde Greatchem Chemicals or generate 0.0% return on investment in Yingde Greatchem over 30 days. Yingde Greatchem is related to or competes with Xingguang Agricultural, Anhui Deli, Long Yuan, Lutian Machinery, Chahua Modern, Weichai Heavy, and Fujian Rongji. Yingde Greatchem is entity of China. It is traded as Stock on SHE exchange. More
Yingde Greatchem 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 Yingde Greatchem'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 Yingde Greatchem Chemicals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.0458 | |||
| Maximum Drawdown | 24.12 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 3.53 |
Yingde Greatchem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yingde Greatchem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yingde Greatchem's standard deviation. In reality, there are many statistical measures that can use Yingde Greatchem historical prices to predict the future Yingde Greatchem's volatility.| Risk Adjusted Performance | 0.0754 | |||
| Jensen Alpha | 0.3292 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0439 | |||
| Treynor Ratio | (0.41) |
Yingde Greatchem Che Backtested Returns
Yingde Greatchem appears to be not too volatile, given 3 months investment horizon. Yingde Greatchem Che shows Sharpe Ratio of 0.0963, which attests that the company had a 0.0963% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Yingde Greatchem Che, which you can use to evaluate the volatility of the company. Please utilize Yingde Greatchem's Mean Deviation of 1.96, downside deviation of 3.11, and Market Risk Adjusted Performance of (0.40) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yingde Greatchem holds a performance score of 7. The firm maintains a market beta of -0.62, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yingde Greatchem are expected to decrease at a much lower rate. During the bear market, Yingde Greatchem is likely to outperform the market. Please check Yingde Greatchem's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Yingde Greatchem's historical returns will revert.
Auto-correlation | 0.20 |
Weak predictability
Yingde Greatchem Chemicals has weak predictability. Overlapping area represents the amount of predictability between Yingde Greatchem time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Yingde Greatchem Che price movement. The serial correlation of 0.2 indicates that over 20.0% of current Yingde Greatchem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Yingde Greatchem Che lagged returns against current returns
Autocorrelation, which is Yingde Greatchem 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 Yingde Greatchem's stock expected returns. We can calculate the autocorrelation of Yingde Greatchem returns to help us make a trade decision. For example, suppose you find that Yingde Greatchem 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 |
Yingde Greatchem 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 Yingde Greatchem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yingde Greatchem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yingde Greatchem stock over time.
Current vs Lagged Prices |
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Yingde Greatchem Lagged Returns
When evaluating Yingde Greatchem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yingde Greatchem stock have on its future price. Yingde Greatchem 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, Yingde Greatchem autocorrelation shows the relationship between Yingde Greatchem stock current value and its past values and can show if there is a momentum factor associated with investing in Yingde Greatchem Chemicals.
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 Yingde Stock
Yingde Greatchem financial ratios help investors to determine whether Yingde 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 Yingde with respect to the benefits of owning Yingde Greatchem security.