Yangzijiang Shipbuilding (Germany) Market Value
| B8O Stock | EUR 1.72 0.07 3.91% |
| Symbol | Yangzijiang |
Yangzijiang Shipbuilding '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 Yangzijiang Shipbuilding'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 Yangzijiang Shipbuilding.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Yangzijiang Shipbuilding on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Yangzijiang Shipbuilding or generate 0.0% return on investment in Yangzijiang Shipbuilding over 30 days. Yangzijiang Shipbuilding is related to or competes with Transportadora, KAUFMAN ET, United Utilities, COPLAND ROAD, SHELF DRILLING, TRAINLINE PLC, and Algonquin Power. Yangzijiang Shipbuilding Ltd., an investment holding company, operates in the shipbuilding activities in the Peoples Rep... More
Yangzijiang Shipbuilding 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 Yangzijiang Shipbuilding'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 Yangzijiang Shipbuilding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.69 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.36 | |||
| Value At Risk | (3.47) | |||
| Potential Upside | 4.17 |
Yangzijiang Shipbuilding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yangzijiang Shipbuilding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yangzijiang Shipbuilding's standard deviation. In reality, there are many statistical measures that can use Yangzijiang Shipbuilding historical prices to predict the future Yangzijiang Shipbuilding's volatility.| Risk Adjusted Performance | 0.0443 | |||
| Jensen Alpha | 0.0277 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1643 |
Yangzijiang Shipbuilding Backtested Returns
At this point, Yangzijiang Shipbuilding is risky. Yangzijiang Shipbuilding shows Sharpe Ratio of 0.0312, which attests that the company had a 0.0312% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Yangzijiang Shipbuilding, which you can use to evaluate the volatility of the company. Please check out Yangzijiang Shipbuilding's Market Risk Adjusted Performance of 0.1743, downside deviation of 2.69, and Mean Deviation of 1.72 to validate if the risk estimate we provide is consistent with the expected return of 0.0741%. Yangzijiang Shipbuilding has a performance score of 2 on a scale of 0 to 100. The firm maintains a market beta of 0.63, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yangzijiang Shipbuilding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yangzijiang Shipbuilding is expected to be smaller as well. Yangzijiang Shipbuilding right now maintains a risk of 2.38%. Please check out Yangzijiang Shipbuilding total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Yangzijiang Shipbuilding will be following its historical returns.
Auto-correlation | 0.31 |
Below average predictability
Yangzijiang Shipbuilding has below average predictability. Overlapping area represents the amount of predictability between Yangzijiang Shipbuilding time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Yangzijiang Shipbuilding price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Yangzijiang Shipbuilding price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yangzijiang Shipbuilding lagged returns against current returns
Autocorrelation, which is Yangzijiang Shipbuilding 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 Yangzijiang Shipbuilding's stock expected returns. We can calculate the autocorrelation of Yangzijiang Shipbuilding returns to help us make a trade decision. For example, suppose you find that Yangzijiang Shipbuilding 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 |
Yangzijiang Shipbuilding 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 Yangzijiang Shipbuilding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yangzijiang Shipbuilding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yangzijiang Shipbuilding stock over time.
Current vs Lagged Prices |
| Timeline |
Yangzijiang Shipbuilding Lagged Returns
When evaluating Yangzijiang Shipbuilding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yangzijiang Shipbuilding stock have on its future price. Yangzijiang Shipbuilding 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, Yangzijiang Shipbuilding autocorrelation shows the relationship between Yangzijiang Shipbuilding stock current value and its past values and can show if there is a momentum factor associated with investing in Yangzijiang Shipbuilding.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Yangzijiang Stock
Yangzijiang Shipbuilding financial ratios help investors to determine whether Yangzijiang 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 Yangzijiang with respect to the benefits of owning Yangzijiang Shipbuilding security.