Yonghui Superstores (China) Market Value
| 601933 Stock | 4.23 0.28 6.21% |
| Symbol | Yonghui |
Yonghui Superstores '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 Yonghui Superstores' 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 Yonghui Superstores.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Yonghui Superstores on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Yonghui Superstores Co or generate 0.0% return on investment in Yonghui Superstores over 30 days. Yonghui Superstores is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Yonghui Superstores is entity of China. It is traded as Stock on SHG exchange. More
Yonghui Superstores 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 Yonghui Superstores' 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 Yonghui Superstores Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.59 | |||
| Information Ratio | 0.1688 | |||
| Maximum Drawdown | 20.25 | |||
| Value At Risk | (6.47) | |||
| Potential Upside | 10.0 |
Yonghui Superstores Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yonghui Superstores' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yonghui Superstores' standard deviation. In reality, there are many statistical measures that can use Yonghui Superstores historical prices to predict the future Yonghui Superstores' volatility.| Risk Adjusted Performance | 0.1568 | |||
| Jensen Alpha | 1.22 | |||
| Total Risk Alpha | 0.1814 | |||
| Sortino Ratio | 0.1965 | |||
| Treynor Ratio | (0.62) |
Yonghui Superstores Backtested Returns
Yonghui Superstores is very risky given 3 months investment horizon. Yonghui Superstores shows Sharpe Ratio of 0.22, which attests that the company had a 0.22% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.25% are justified by taking the suggested risk. Use Yonghui Superstores Co Mean Deviation of 4.13, downside deviation of 4.59, and Market Risk Adjusted Performance of (0.61) to evaluate company specific risk that cannot be diversified away. Yonghui Superstores holds a performance score of 17 on a scale of zero to a hundred. The firm maintains a market beta of -1.64, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Yonghui Superstores are expected to decrease by larger amounts. On the other hand, during market turmoil, Yonghui Superstores is expected to outperform it. Use Yonghui Superstores Co standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Yonghui Superstores Co.
Auto-correlation | -0.84 |
Excellent reverse predictability
Yonghui Superstores Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Yonghui Superstores time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Yonghui Superstores price movement. The serial correlation of -0.84 indicates that around 84.0% of current Yonghui Superstores price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Yonghui Superstores lagged returns against current returns
Autocorrelation, which is Yonghui Superstores 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 Yonghui Superstores' stock expected returns. We can calculate the autocorrelation of Yonghui Superstores returns to help us make a trade decision. For example, suppose you find that Yonghui Superstores 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 |
Yonghui Superstores 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 Yonghui Superstores stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yonghui Superstores stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yonghui Superstores stock over time.
Current vs Lagged Prices |
| Timeline |
Yonghui Superstores Lagged Returns
When evaluating Yonghui Superstores' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yonghui Superstores stock have on its future price. Yonghui Superstores 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, Yonghui Superstores autocorrelation shows the relationship between Yonghui Superstores stock current value and its past values and can show if there is a momentum factor associated with investing in Yonghui Superstores Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Yonghui Stock
Yonghui Superstores financial ratios help investors to determine whether Yonghui 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 Yonghui with respect to the benefits of owning Yonghui Superstores security.