Qingdao Yunlu (China) Market Value
| 688190 Stock | 83.12 0.70 0.84% |
| Symbol | Qingdao |
Qingdao Yunlu '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 Qingdao Yunlu'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 Qingdao Yunlu.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Qingdao Yunlu on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Qingdao Yunlu Advanced or generate 0.0% return on investment in Qingdao Yunlu over 30 days. Qingdao Yunlu is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Qingdao Yunlu is entity of China. It is traded as Stock on SHG exchange. More
Qingdao Yunlu 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 Qingdao Yunlu'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 Qingdao Yunlu Advanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.06 | |||
| Information Ratio | 0.0962 | |||
| Maximum Drawdown | 25.6 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 5.08 |
Qingdao Yunlu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qingdao Yunlu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qingdao Yunlu's standard deviation. In reality, there are many statistical measures that can use Qingdao Yunlu historical prices to predict the future Qingdao Yunlu's volatility.| Risk Adjusted Performance | 0.1004 | |||
| Jensen Alpha | 0.4615 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.1135 | |||
| Treynor Ratio | (3.83) |
Qingdao Yunlu Advanced Backtested Returns
Qingdao Yunlu appears to be very steady, given 3 months investment horizon. Qingdao Yunlu Advanced maintains Sharpe Ratio (i.e., Efficiency) of 0.16, which implies the firm had a 0.16% return per unit of risk over the last 3 months. By analyzing Qingdao Yunlu's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please evaluate Qingdao Yunlu's Semi Deviation of 2.76, risk adjusted performance of 0.1004, and Coefficient Of Variation of 786.32 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qingdao Yunlu holds a performance score of 12. The company holds a Beta of -0.12, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qingdao Yunlu are expected to decrease at a much lower rate. During the bear market, Qingdao Yunlu is likely to outperform the market. Please check Qingdao Yunlu's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Qingdao Yunlu's historical price patterns will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Qingdao Yunlu Advanced has excellent reverse predictability. Overlapping area represents the amount of predictability between Qingdao Yunlu time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th of December 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 Qingdao Yunlu Advanced price movement. The serial correlation of -0.81 indicates that around 81.0% of current Qingdao Yunlu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 2.65 |
Qingdao Yunlu Advanced lagged returns against current returns
Autocorrelation, which is Qingdao Yunlu 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 Qingdao Yunlu's stock expected returns. We can calculate the autocorrelation of Qingdao Yunlu returns to help us make a trade decision. For example, suppose you find that Qingdao Yunlu 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 |
Qingdao Yunlu 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 Qingdao Yunlu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qingdao Yunlu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qingdao Yunlu stock over time.
Current vs Lagged Prices |
| Timeline |
Qingdao Yunlu Lagged Returns
When evaluating Qingdao Yunlu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qingdao Yunlu stock have on its future price. Qingdao Yunlu 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, Qingdao Yunlu autocorrelation shows the relationship between Qingdao Yunlu stock current value and its past values and can show if there is a momentum factor associated with investing in Qingdao Yunlu Advanced.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Qingdao Stock
Qingdao Yunlu financial ratios help investors to determine whether Qingdao 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 Qingdao with respect to the benefits of owning Qingdao Yunlu security.