Yonyou Auto (China) Market Value
| 688479 Stock | 19.91 0.13 0.66% |
| Symbol | Yonyou |
Yonyou Auto '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 Yonyou Auto'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 Yonyou Auto.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Yonyou Auto on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Yonyou Auto Information or generate 0.0% return on investment in Yonyou Auto over 30 days. Yonyou Auto is related to or competes with Shenzhen Bioeasy, HaiXin Foods, Ligao Foods, Guangdong Wens, Sichuan Hebang, Liaoning Chengda, and Bloomage Biotechnology. Yonyou Auto is entity of China. It is traded as Stock on SHG exchange. More
Yonyou Auto 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 Yonyou Auto'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 Yonyou Auto Information upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.61 | |||
| Information Ratio | 0.123 | |||
| Maximum Drawdown | 27.04 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 4.15 |
Yonyou Auto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yonyou Auto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yonyou Auto's standard deviation. In reality, there are many statistical measures that can use Yonyou Auto historical prices to predict the future Yonyou Auto's volatility.| Risk Adjusted Performance | 0.1285 | |||
| Jensen Alpha | 0.5626 | |||
| Total Risk Alpha | 0.0198 | |||
| Sortino Ratio | 0.1215 | |||
| Treynor Ratio | (6.10) |
Yonyou Auto Information Backtested Returns
Yonyou Auto appears to be somewhat reliable, given 3 months investment horizon. Yonyou Auto Information shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Yonyou Auto's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize Yonyou Auto's Mean Deviation of 2.27, market risk adjusted performance of (6.09), and Downside Deviation of 3.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yonyou Auto holds a performance score of 13. The firm maintains a market beta of -0.0906, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yonyou Auto are expected to decrease at a much lower rate. During the bear market, Yonyou Auto is likely to outperform the market. Please check Yonyou Auto'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 Yonyou Auto's historical returns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
Yonyou Auto Information has very weak reverse predictability. Overlapping area represents the amount of predictability between Yonyou Auto time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Yonyou Auto Information price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Yonyou Auto price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
Yonyou Auto Information lagged returns against current returns
Autocorrelation, which is Yonyou Auto 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 Yonyou Auto's stock expected returns. We can calculate the autocorrelation of Yonyou Auto returns to help us make a trade decision. For example, suppose you find that Yonyou Auto 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 |
Yonyou Auto 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 Yonyou Auto stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yonyou Auto stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yonyou Auto stock over time.
Current vs Lagged Prices |
| Timeline |
Yonyou Auto Lagged Returns
When evaluating Yonyou Auto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yonyou Auto stock have on its future price. Yonyou Auto 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, Yonyou Auto autocorrelation shows the relationship between Yonyou Auto stock current value and its past values and can show if there is a momentum factor associated with investing in Yonyou Auto Information.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Yonyou Stock
Yonyou Auto financial ratios help investors to determine whether Yonyou 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 Yonyou with respect to the benefits of owning Yonyou Auto security.