Yifeng Pharmacy (China) Market Value
| 603939 Stock | 22.56 1.40 5.84% |
| Symbol | Yifeng |
Yifeng Pharmacy '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 Yifeng Pharmacy'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 Yifeng Pharmacy.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Yifeng Pharmacy on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Yifeng Pharmacy or generate 0.0% return on investment in Yifeng Pharmacy over 720 days. Yifeng Pharmacy is related to or competes with Holitech Technology, Sunwave Communications, Kuangda Technology, Hubei Yingtong, Tianshui Huatian, Fiberhome Telecommunicatio, and Saurer Intelligent. Yifeng Pharmacy is entity of China. It is traded as Stock on SHG exchange. More
Yifeng Pharmacy 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 Yifeng Pharmacy'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 Yifeng Pharmacy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.32 | |||
| Information Ratio | 0.0253 | |||
| Maximum Drawdown | 20.99 | |||
| Value At Risk | (5.78) | |||
| Potential Upside | 9.49 |
Yifeng Pharmacy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yifeng Pharmacy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yifeng Pharmacy's standard deviation. In reality, there are many statistical measures that can use Yifeng Pharmacy historical prices to predict the future Yifeng Pharmacy's volatility.| Risk Adjusted Performance | 0.0519 | |||
| Jensen Alpha | 0.3018 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0315 | |||
| Treynor Ratio | (0.36) |
Yifeng Pharmacy Backtested Returns
Yifeng Pharmacy appears to be not too volatile, given 3 months investment horizon. Yifeng Pharmacy shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Yifeng Pharmacy, which you can use to evaluate the volatility of the company. Please utilize Yifeng Pharmacy's Mean Deviation of 2.97, market risk adjusted performance of (0.35), and Downside Deviation of 3.32 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yifeng Pharmacy holds a performance score of 8. The firm maintains a market beta of -0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yifeng Pharmacy are expected to decrease at a much lower rate. During the bear market, Yifeng Pharmacy is likely to outperform the market. Please check Yifeng Pharmacy's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Yifeng Pharmacy's historical returns will revert.
Auto-correlation | 0.44 |
Average predictability
Yifeng Pharmacy has average predictability. Overlapping area represents the amount of predictability between Yifeng Pharmacy time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Yifeng Pharmacy price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Yifeng Pharmacy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 87.2 |
Yifeng Pharmacy lagged returns against current returns
Autocorrelation, which is Yifeng Pharmacy 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 Yifeng Pharmacy's stock expected returns. We can calculate the autocorrelation of Yifeng Pharmacy returns to help us make a trade decision. For example, suppose you find that Yifeng Pharmacy 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 |
Yifeng Pharmacy 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 Yifeng Pharmacy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yifeng Pharmacy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yifeng Pharmacy stock over time.
Current vs Lagged Prices |
| Timeline |
Yifeng Pharmacy Lagged Returns
When evaluating Yifeng Pharmacy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yifeng Pharmacy stock have on its future price. Yifeng Pharmacy 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, Yifeng Pharmacy autocorrelation shows the relationship between Yifeng Pharmacy stock current value and its past values and can show if there is a momentum factor associated with investing in Yifeng Pharmacy.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Yifeng Stock
Yifeng Pharmacy financial ratios help investors to determine whether Yifeng 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 Yifeng with respect to the benefits of owning Yifeng Pharmacy security.