CN YANGTPWR (Germany) Market Value
| CYZB Stock | EUR 33.80 0.80 2.42% |
| Symbol | CYZB |
CN YANGTPWR '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 CN YANGTPWR'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 CN YANGTPWR.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in CN YANGTPWR on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding CN YANGTPWR GDR or generate 0.0% return on investment in CN YANGTPWR over 180 days. CN YANGTPWR is related to or competes with Bank of America, United Natural, SBA Communications, Iridium Communications, CONAGRA FOODS, and INDOFOOD AGRI. China Yangtze Power Co., Ltd., together with its subsidiaries, engages in operation, management, consultation, investmen... More
CN YANGTPWR 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 CN YANGTPWR'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 CN YANGTPWR GDR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 25.16 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 3.49 |
CN YANGTPWR Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CN YANGTPWR's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CN YANGTPWR's standard deviation. In reality, there are many statistical measures that can use CN YANGTPWR historical prices to predict the future CN YANGTPWR's volatility.| Risk Adjusted Performance | 3.0E-4 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | (0.09) |
CN YANGTPWR GDR Backtested Returns
CN YANGTPWR GDR retains Efficiency (Sharpe Ratio) of -0.0124, which signifies that the company had a -0.0124% return per unit of price deviation over the last 3 months. CN YANGTPWR exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CN YANGTPWR's Information Ratio of (0.05), variance of 11.26, and Market Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.5, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CN YANGTPWR's returns are expected to increase less than the market. However, during the bear market, the loss of holding CN YANGTPWR is expected to be smaller as well. At this point, CN YANGTPWR GDR has a negative expected return of -0.0418%. Please make sure to confirm CN YANGTPWR's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if CN YANGTPWR GDR performance from the past will be repeated sooner or later.
Auto-correlation | -0.3 |
Weak reverse predictability
CN YANGTPWR GDR has weak reverse predictability. Overlapping area represents the amount of predictability between CN YANGTPWR time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 CN YANGTPWR GDR price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current CN YANGTPWR price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2.14 |
CN YANGTPWR GDR lagged returns against current returns
Autocorrelation, which is CN YANGTPWR 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 CN YANGTPWR's stock expected returns. We can calculate the autocorrelation of CN YANGTPWR returns to help us make a trade decision. For example, suppose you find that CN YANGTPWR 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 |
CN YANGTPWR 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 CN YANGTPWR stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CN YANGTPWR stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CN YANGTPWR stock over time.
Current vs Lagged Prices |
| Timeline |
CN YANGTPWR Lagged Returns
When evaluating CN YANGTPWR's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CN YANGTPWR stock have on its future price. CN YANGTPWR 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, CN YANGTPWR autocorrelation shows the relationship between CN YANGTPWR stock current value and its past values and can show if there is a momentum factor associated with investing in CN YANGTPWR GDR.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in CYZB Stock
CN YANGTPWR financial ratios help investors to determine whether CYZB 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 CYZB with respect to the benefits of owning CN YANGTPWR security.