Shanghai Yaohua (China) Market Value
| 900918 Stock | 0.35 0.01 2.78% |
| Symbol | Shanghai |
Shanghai Yaohua '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 Shanghai Yaohua'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 Shanghai Yaohua.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Shanghai Yaohua on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Shanghai Yaohua Pilkington or generate 0.0% return on investment in Shanghai Yaohua over 360 days. Shanghai Yaohua is related to or competes with Henan Shuanghui, Zhejiang Daily, Hengdian Entertainment, Tieling Newcity, Shenzhen Centralcon, Hubei Geoway, and Dalian Zeus. Shanghai Yaohua is entity of China. It is traded as Stock on SHG exchange. More
Shanghai Yaohua 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 Shanghai Yaohua'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 Shanghai Yaohua Pilkington upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.1149 | |||
| Maximum Drawdown | 13.83 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 5.71 |
Shanghai Yaohua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Yaohua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Yaohua's standard deviation. In reality, there are many statistical measures that can use Shanghai Yaohua historical prices to predict the future Shanghai Yaohua's volatility.| Risk Adjusted Performance | 0.1341 | |||
| Jensen Alpha | 0.4736 | |||
| Total Risk Alpha | 0.0112 | |||
| Sortino Ratio | 0.0774 | |||
| Treynor Ratio | (0.87) |
Shanghai Yaohua Pilk Backtested Returns
Shanghai Yaohua appears to be out of control, given 3 months investment horizon. Shanghai Yaohua Pilk owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Shanghai Yaohua Pilkington, which you can use to evaluate the volatility of the company. Please review Shanghai Yaohua's Risk Adjusted Performance of 0.1341, semi deviation of 1.48, and Coefficient Of Variation of 603.44 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shanghai Yaohua holds a performance score of 13. The entity has a beta of -0.48, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shanghai Yaohua are expected to decrease at a much lower rate. During the bear market, Shanghai Yaohua is likely to outperform the market. Please check Shanghai Yaohua's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Shanghai Yaohua's existing price patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Shanghai Yaohua Pilkington has average predictability. Overlapping area represents the amount of predictability between Shanghai Yaohua time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Shanghai Yaohua Pilk price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Shanghai Yaohua price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Shanghai Yaohua Pilk lagged returns against current returns
Autocorrelation, which is Shanghai Yaohua 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 Shanghai Yaohua's stock expected returns. We can calculate the autocorrelation of Shanghai Yaohua returns to help us make a trade decision. For example, suppose you find that Shanghai Yaohua 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 |
Shanghai Yaohua 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 Shanghai Yaohua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Yaohua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Yaohua stock over time.
Current vs Lagged Prices |
| Timeline |
Shanghai Yaohua Lagged Returns
When evaluating Shanghai Yaohua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Yaohua stock have on its future price. Shanghai Yaohua 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, Shanghai Yaohua autocorrelation shows the relationship between Shanghai Yaohua stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Yaohua Pilkington.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Shanghai Stock
Shanghai Yaohua financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Yaohua security.