Shanghai Yct (China) Market Value
| 301099 Stock | 42.80 1.29 3.11% |
| Symbol | Shanghai |
Shanghai Yct '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 Shanghai Yct'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 Shanghai Yct.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Shanghai Yct on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Yct Electronics or generate 0.0% return on investment in Shanghai Yct over 180 days. Shanghai Yct is related to or competes with Agricultural Bank, China Construction, Postal Savings, Bank of Communications, Ping An, and Industrial Bank. Shanghai Yct is entity of China. It is traded as Stock on SHE exchange. More
Shanghai Yct 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 Shanghai Yct'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 Shanghai Yct Electronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.0837 | |||
| Maximum Drawdown | 33.46 | |||
| Value At Risk | (5.61) | |||
| Potential Upside | 7.15 |
Shanghai Yct Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Yct's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Yct's standard deviation. In reality, there are many statistical measures that can use Shanghai Yct historical prices to predict the future Shanghai Yct's volatility.| Risk Adjusted Performance | 0.094 | |||
| Jensen Alpha | 0.5536 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0971 | |||
| Treynor Ratio | (3.63) |
Shanghai Yct Electronics Backtested Returns
Shanghai Yct appears to be not too volatile, given 3 months investment horizon. Shanghai Yct Electronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. By inspecting Shanghai Yct's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please review Shanghai Yct's Semi Deviation of 3.74, coefficient of variation of 893.45, and Risk Adjusted Performance of 0.094 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Yct holds a performance score of 10. The entity has a beta of -0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Yct are expected to decrease at a much lower rate. During the bear market, Shanghai Yct is likely to outperform the market. Please check Shanghai Yct's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Shanghai Yct's existing price patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
Shanghai Yct Electronics has virtually no predictability. Overlapping area represents the amount of predictability between Shanghai Yct 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 Shanghai Yct Electronics price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Shanghai Yct price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 39.54 |
Shanghai Yct Electronics lagged returns against current returns
Autocorrelation, which is Shanghai Yct 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 Shanghai Yct's stock expected returns. We can calculate the autocorrelation of Shanghai Yct returns to help us make a trade decision. For example, suppose you find that Shanghai Yct 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 |
Shanghai Yct 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 Shanghai Yct stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Yct stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Yct stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Yct Lagged Returns
When evaluating Shanghai Yct's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Yct stock have on its future price. Shanghai Yct 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, Shanghai Yct autocorrelation shows the relationship between Shanghai Yct stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Yct Electronics.
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 Shanghai Stock
Shanghai Yct financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Yct security.