Yantai North (China) Market Value
| 605198 Stock | 26.40 0.50 1.86% |
| Symbol | Yantai |
Yantai North '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 Yantai North'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 Yantai North.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Yantai North on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Yantai North Andre or generate 0.0% return on investment in Yantai North over 270 days. Yantai North is related to or competes with Wuhan Yangtze, Eastern Communications, Keda Clean, Fiberhome Telecommunicatio, State Grid, Guangzhou Haige, and Jinhui Liquor. Yantai North is entity of China. It is traded as Stock on SHG exchange. More
Yantai North 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 Yantai North'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 Yantai North Andre upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.91 | |||
| Information Ratio | 0.0542 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 5.11 |
Yantai North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yantai North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yantai North's standard deviation. In reality, there are many statistical measures that can use Yantai North historical prices to predict the future Yantai North's volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.3263 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0605 | |||
| Treynor Ratio | (1.22) |
Yantai North Andre Backtested Returns
Yantai North appears to be not too volatile, given 3 months investment horizon. Yantai North Andre shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Yantai North Andre, which you can use to evaluate the volatility of the company. Please utilize Yantai North's Market Risk Adjusted Performance of (1.21), mean deviation of 2.26, and Downside Deviation of 2.91 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yantai North holds a performance score of 9. The firm maintains a market beta of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yantai North are expected to decrease at a much lower rate. During the bear market, Yantai North is likely to outperform the market. Please check Yantai North's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Yantai North's historical returns will revert.
Auto-correlation | -0.55 |
Good reverse predictability
Yantai North Andre has good reverse predictability. Overlapping area represents the amount of predictability between Yantai North time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 Yantai North Andre price movement. The serial correlation of -0.55 indicates that about 55.0% of current Yantai North price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 4.2 |
Yantai North Andre lagged returns against current returns
Autocorrelation, which is Yantai North 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 Yantai North's stock expected returns. We can calculate the autocorrelation of Yantai North returns to help us make a trade decision. For example, suppose you find that Yantai North 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 |
Yantai North 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 Yantai North stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yantai North stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yantai North stock over time.
Current vs Lagged Prices |
| Timeline |
Yantai North Lagged Returns
When evaluating Yantai North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yantai North stock have on its future price. Yantai North 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, Yantai North autocorrelation shows the relationship between Yantai North stock current value and its past values and can show if there is a momentum factor associated with investing in Yantai North Andre.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Yantai Stock
Yantai North financial ratios help investors to determine whether Yantai 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 Yantai with respect to the benefits of owning Yantai North security.