Zhongyin Babi (China) Market Value
| 605338 Stock | 16.26 0.16 0.99% |
| Symbol | Zhongyin |
Zhongyin Babi '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 Zhongyin Babi'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 Zhongyin Babi.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Zhongyin Babi on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Zhongyin Babi Food or generate 0.0% return on investment in Zhongyin Babi over 30 days. Zhongyin Babi is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Zhongyin Babi is entity of China. It is traded as Stock on SHG exchange. More
Zhongyin Babi 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 Zhongyin Babi'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 Zhongyin Babi Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | 0.0805 | |||
| Maximum Drawdown | 15.08 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 5.1 |
Zhongyin Babi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongyin Babi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongyin Babi's standard deviation. In reality, there are many statistical measures that can use Zhongyin Babi historical prices to predict the future Zhongyin Babi's volatility.| Risk Adjusted Performance | 0.1067 | |||
| Jensen Alpha | 0.4196 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1007 | |||
| Treynor Ratio | (0.41) |
Zhongyin Babi Food Backtested Returns
Zhongyin Babi appears to be somewhat reliable, given 3 months investment horizon. Zhongyin Babi Food shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Zhongyin Babi Food, which you can use to evaluate the volatility of the company. Please utilize Zhongyin Babi's Mean Deviation of 1.85, downside deviation of 2.06, and Market Risk Adjusted Performance of (0.40) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhongyin Babi holds a performance score of 11. The firm maintains a market beta of -0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhongyin Babi are expected to decrease at a much lower rate. During the bear market, Zhongyin Babi is likely to outperform the market. Please check Zhongyin Babi's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Zhongyin Babi's historical returns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
Zhongyin Babi Food has very good reverse predictability. Overlapping area represents the amount of predictability between Zhongyin Babi time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Zhongyin Babi Food price movement. The serial correlation of -0.69 indicates that around 69.0% of current Zhongyin Babi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Zhongyin Babi Food lagged returns against current returns
Autocorrelation, which is Zhongyin Babi 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 Zhongyin Babi's stock expected returns. We can calculate the autocorrelation of Zhongyin Babi returns to help us make a trade decision. For example, suppose you find that Zhongyin Babi 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 |
Zhongyin Babi 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 Zhongyin Babi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongyin Babi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongyin Babi stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongyin Babi Lagged Returns
When evaluating Zhongyin Babi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongyin Babi stock have on its future price. Zhongyin Babi 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, Zhongyin Babi autocorrelation shows the relationship between Zhongyin Babi stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongyin Babi Food.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Zhongyin Stock
Zhongyin Babi financial ratios help investors to determine whether Zhongyin 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 Zhongyin with respect to the benefits of owning Zhongyin Babi security.