Yoantion Industrial (China) Market Value
| 301053 Stock | 22.33 0.90 4.20% |
| Symbol | Yoantion |
Yoantion Industrial '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 Yoantion Industrial'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 Yoantion Industrial.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Yoantion Industrial on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Yoantion Industrial IncLtd or generate 0.0% return on investment in Yoantion Industrial over 30 days. Yoantion Industrial is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Yoantion Industrial is entity of China. It is traded as Stock on SHE exchange. More
Yoantion Industrial 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 Yoantion Industrial'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 Yoantion Industrial IncLtd upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.45 | |||
| Information Ratio | 0.0656 | |||
| Maximum Drawdown | 28.07 | |||
| Value At Risk | (3.94) | |||
| Potential Upside | 5.76 |
Yoantion Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yoantion Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yoantion Industrial's standard deviation. In reality, there are many statistical measures that can use Yoantion Industrial historical prices to predict the future Yoantion Industrial's volatility.| Risk Adjusted Performance | 0.0846 | |||
| Jensen Alpha | 0.4184 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0689 | |||
| Treynor Ratio | (0.63) |
Yoantion Industrial Backtested Returns
Yoantion Industrial appears to be somewhat reliable, given 3 months investment horizon. Yoantion Industrial 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 twenty-nine technical indicators for Yoantion Industrial, which you can use to evaluate the volatility of the company. Please utilize Yoantion Industrial's Market Risk Adjusted Performance of (0.62), downside deviation of 3.45, and Mean Deviation of 2.37 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yoantion Industrial holds a performance score of 8. The firm maintains a market beta of -0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yoantion Industrial are expected to decrease at a much lower rate. During the bear market, Yoantion Industrial is likely to outperform the market. Please check Yoantion Industrial's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Yoantion Industrial's historical returns will revert.
Auto-correlation | 0.63 |
Good predictability
Yoantion Industrial IncLtd has good predictability. Overlapping area represents the amount of predictability between Yoantion Industrial time series from 29th of October 2024 to 13th of November 2024 and 13th of November 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 Yoantion Industrial price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Yoantion Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.34 |
Yoantion Industrial lagged returns against current returns
Autocorrelation, which is Yoantion Industrial 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 Yoantion Industrial's stock expected returns. We can calculate the autocorrelation of Yoantion Industrial returns to help us make a trade decision. For example, suppose you find that Yoantion Industrial 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 |
Yoantion Industrial 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 Yoantion Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yoantion Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yoantion Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Yoantion Industrial Lagged Returns
When evaluating Yoantion Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yoantion Industrial stock have on its future price. Yoantion Industrial 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, Yoantion Industrial autocorrelation shows the relationship between Yoantion Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Yoantion Industrial IncLtd.
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 Yoantion Stock
Yoantion Industrial financial ratios help investors to determine whether Yoantion 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 Yoantion with respect to the benefits of owning Yoantion Industrial security.