Zhengzhou Yutong (China) Market Value
| 600066 Stock | 23.84 0.11 0.46% |
| Symbol | Zhengzhou |
Zhengzhou Yutong '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 Zhengzhou Yutong'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 Zhengzhou Yutong.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Zhengzhou Yutong on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Zhengzhou Yutong Bus or generate 0.0% return on investment in Zhengzhou Yutong over 30 days. Zhengzhou Yutong is related to or competes with Ye Chiu, Sinomach Automobile, Chengtun Mining, Lonkey Industrial, Tongyu Communication, Changchun Faway, and Allwin Telecommunicatio. Zhengzhou Yutong is entity of China. It is traded as Stock on SHG exchange. More
Zhengzhou Yutong 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 Zhengzhou Yutong'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 Zhengzhou Yutong Bus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0326 | |||
| Maximum Drawdown | 11.9 | |||
| Value At Risk | (5.05) | |||
| Potential Upside | 4.65 |
Zhengzhou Yutong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhengzhou Yutong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhengzhou Yutong's standard deviation. In reality, there are many statistical measures that can use Zhengzhou Yutong historical prices to predict the future Zhengzhou Yutong's volatility.| Risk Adjusted Performance | 0.066 | |||
| Jensen Alpha | 0.1295 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0324 | |||
| Treynor Ratio | 0.3315 |
Zhengzhou Yutong Bus Backtested Returns
At this point, Zhengzhou Yutong is not too volatile. Zhengzhou Yutong Bus shows Sharpe Ratio of 0.0678, which attests that the company had a 0.0678% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhengzhou Yutong Bus, which you can use to evaluate the volatility of the company. Please check out Zhengzhou Yutong's Market Risk Adjusted Performance of 0.3415, downside deviation of 2.57, and Mean Deviation of 1.89 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. Zhengzhou Yutong has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Zhengzhou Yutong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhengzhou Yutong is expected to be smaller as well. Zhengzhou Yutong Bus right now maintains a risk of 2.59%. Please check out Zhengzhou Yutong Bus semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Zhengzhou Yutong Bus will be following its historical returns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Zhengzhou Yutong Bus has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Zhengzhou Yutong time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Zhengzhou Yutong Bus price movement. The serial correlation of -0.78 indicates that around 78.0% of current Zhengzhou Yutong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Zhengzhou Yutong Bus lagged returns against current returns
Autocorrelation, which is Zhengzhou Yutong 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 Zhengzhou Yutong's stock expected returns. We can calculate the autocorrelation of Zhengzhou Yutong returns to help us make a trade decision. For example, suppose you find that Zhengzhou Yutong 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 |
Zhengzhou Yutong 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 Zhengzhou Yutong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhengzhou Yutong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhengzhou Yutong stock over time.
Current vs Lagged Prices |
| Timeline |
Zhengzhou Yutong Lagged Returns
When evaluating Zhengzhou Yutong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhengzhou Yutong stock have on its future price. Zhengzhou Yutong 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, Zhengzhou Yutong autocorrelation shows the relationship between Zhengzhou Yutong stock current value and its past values and can show if there is a momentum factor associated with investing in Zhengzhou Yutong Bus.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhengzhou Stock
Zhengzhou Yutong financial ratios help investors to determine whether Zhengzhou 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 Zhengzhou with respect to the benefits of owning Zhengzhou Yutong security.