China Yangtze (China) Market Value
| 600900 Stock | 27.39 0.39 1.44% |
| Symbol | China |
China Yangtze '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 China Yangtze'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 China Yangtze.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in China Yangtze on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding China Yangtze Power or generate 0.0% return on investment in China Yangtze over 720 days. China Yangtze is related to or competes with Guizhou BroadcastingTV, Hunan Investment, Tieling Newcity, Fujian Longzhou, GigaDevice SemiconductorBei, Dazhong Transportation, and Xinjiang Beixin. China Yangtze is entity of China. It is traded as Stock on SHG exchange. More
China Yangtze 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 China Yangtze'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 China Yangtze Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.42 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.65 |
China Yangtze Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Yangtze's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Yangtze's standard deviation. In reality, there are many statistical measures that can use China Yangtze historical prices to predict the future China Yangtze's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.6197 |
China Yangtze Power Backtested Returns
China Yangtze Power secures Sharpe Ratio (or Efficiency) of -0.0845, which signifies that the company had a -0.0845% return per unit of risk over the last 3 months. China Yangtze Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Yangtze's Mean Deviation of 0.8815, standard deviation of 1.26, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Yangtze are expected to decrease at a much lower rate. During the bear market, China Yangtze is likely to outperform the market. At this point, China Yangtze Power has a negative expected return of -0.11%. Please make sure to confirm China Yangtze's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if China Yangtze Power performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.74 |
Good predictability
China Yangtze Power has good predictability. Overlapping area represents the amount of predictability between China Yangtze time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 China Yangtze Power price movement. The serial correlation of 0.74 indicates that around 74.0% of current China Yangtze price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 5.47 |
China Yangtze Power lagged returns against current returns
Autocorrelation, which is China Yangtze 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 China Yangtze's stock expected returns. We can calculate the autocorrelation of China Yangtze returns to help us make a trade decision. For example, suppose you find that China Yangtze 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 |
China Yangtze 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 China Yangtze stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Yangtze stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Yangtze stock over time.
Current vs Lagged Prices |
| Timeline |
China Yangtze Lagged Returns
When evaluating China Yangtze's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Yangtze stock have on its future price. China Yangtze 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, China Yangtze autocorrelation shows the relationship between China Yangtze stock current value and its past values and can show if there is a momentum factor associated with investing in China Yangtze Power.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in China Stock
China Yangtze financial ratios help investors to determine whether China 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 China with respect to the benefits of owning China Yangtze security.