YiDong Electronics (China) Market Value

301123 Stock   21.03  0.23  1.08%   
YiDong Electronics' market value is the price at which a share of YiDong Electronics trades on a public exchange. It measures the collective expectations of YiDong Electronics Technology investors about its performance. YiDong Electronics is trading at 21.03 as of the 13th of December 2024, a 1.08% down since the beginning of the trading day. The stock's open price was 21.26.
With this module, you can estimate the performance of a buy and hold strategy of YiDong Electronics Technology and determine expected loss or profit from investing in YiDong Electronics over a given investment horizon. Check out YiDong Electronics Correlation, YiDong Electronics Volatility and YiDong Electronics Alpha and Beta module to complement your research on YiDong Electronics.
Symbol

Please note, there is a significant difference between YiDong Electronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if YiDong Electronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YiDong Electronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

YiDong Electronics '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 YiDong Electronics' 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 YiDong Electronics.
0.00
06/16/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/13/2024
0.00
If you would invest  0.00  in YiDong Electronics on June 16, 2024 and sell it all today you would earn a total of 0.00 from holding YiDong Electronics Technology or generate 0.0% return on investment in YiDong Electronics over 180 days. YiDong Electronics is related to or competes with Focus Media, State Grid, Datang HuaYin, Jilin Jlu, Shenzhen SDG, and Jonjee Hi. YiDong Electronics is entity of China. It is traded as Stock on SHE exchange. More

YiDong Electronics 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 YiDong Electronics' 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 YiDong Electronics Technology upside and downside potential and time the market with a certain degree of confidence.

YiDong Electronics Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for YiDong Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YiDong Electronics' standard deviation. In reality, there are many statistical measures that can use YiDong Electronics historical prices to predict the future YiDong Electronics' volatility.
Hype
Prediction
LowEstimatedHigh
16.8321.0325.23
Details
Intrinsic
Valuation
LowRealHigh
11.7815.9823.13
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.000.000.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as YiDong Electronics. Your research has to be compared to or analyzed against YiDong Electronics' peers to derive any actionable benefits. When done correctly, YiDong Electronics' competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in YiDong Electronics.

YiDong Electronics Backtested Returns

YiDong Electronics appears to be somewhat reliable, given 3 months investment horizon. YiDong Electronics shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of volatility over the last 3 months. By examining YiDong Electronics' technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize YiDong Electronics' Downside Deviation of 3.62, risk adjusted performance of 0.0842, and Mean Deviation of 2.71 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, YiDong Electronics holds a performance score of 13. The firm maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, YiDong Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding YiDong Electronics is expected to be smaller as well. Please check YiDong Electronics' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether YiDong Electronics' historical returns will revert.

Auto-correlation

    
  -0.5  

Modest reverse predictability

YiDong Electronics Technology has modest reverse predictability. Overlapping area represents the amount of predictability between YiDong Electronics time series from 16th of June 2024 to 14th of September 2024 and 14th of September 2024 to 13th 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 YiDong Electronics price movement. The serial correlation of -0.5 indicates that about 50.0% of current YiDong Electronics price fluctuation can be explain by its past prices.
Correlation Coefficient-0.5
Spearman Rank Test-0.4
Residual Average0.0
Price Variance3.14

YiDong Electronics lagged returns against current returns

Autocorrelation, which is YiDong Electronics 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 YiDong Electronics' stock expected returns. We can calculate the autocorrelation of YiDong Electronics returns to help us make a trade decision. For example, suppose you find that YiDong Electronics 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  

YiDong Electronics 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 YiDong Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YiDong Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YiDong Electronics stock over time.
   Current vs Lagged Prices   
       Timeline  

YiDong Electronics Lagged Returns

When evaluating YiDong Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YiDong Electronics stock have on its future price. YiDong Electronics 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, YiDong Electronics autocorrelation shows the relationship between YiDong Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in YiDong Electronics Technology.
   Regressed Prices   
       Timeline  

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Other Information on Investing in YiDong Stock

YiDong Electronics financial ratios help investors to determine whether YiDong 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 YiDong with respect to the benefits of owning YiDong Electronics security.