Yanzhou Coal Mining Stock Market Value
| YZCAY Stock | USD 11.64 0.11 0.94% |
| Symbol | Yanzhou |
Yanzhou Coal '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 Yanzhou Coal's otc 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 Yanzhou Coal.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Yanzhou Coal on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Yanzhou Coal Mining or generate 0.0% return on investment in Yanzhou Coal over 720 days. Yanzhou Coal is related to or competes with Yamaha, Nitto Denko, Farmers Merchants, and Furukawa Electric. Yankuang Energy Group Company Limited engages in the mining, preparation, and sale of coal worldwide More
Yanzhou Coal 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 Yanzhou Coal's otc 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 Yanzhou Coal Mining upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 17.56 | |||
| Value At Risk | (4.06) | |||
| Potential Upside | 5.08 |
Yanzhou Coal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yanzhou Coal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yanzhou Coal's standard deviation. In reality, there are many statistical measures that can use Yanzhou Coal historical prices to predict the future Yanzhou Coal's volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.52) | |||
| Treynor Ratio | (0.36) |
Yanzhou Coal Mining Backtested Returns
Yanzhou Coal Mining shows Sharpe Ratio of -0.0339, which attests that the company had a -0.0339% return per unit of risk over the last 3 months. Yanzhou Coal Mining exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yanzhou Coal's Standard Deviation of 3.06, market risk adjusted performance of (0.35), and Mean Deviation of 2.29 to validate the risk estimate we provide. The firm maintains a market beta of 0.0977, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yanzhou Coal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yanzhou Coal is expected to be smaller as well. At this point, Yanzhou Coal Mining has a negative expected return of -0.1%. Please make sure to check out Yanzhou Coal's treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Yanzhou Coal Mining performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.18 |
Very weak predictability
Yanzhou Coal Mining has very weak predictability. Overlapping area represents the amount of predictability between Yanzhou Coal time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Yanzhou Coal Mining price movement. The serial correlation of 0.18 indicates that over 18.0% of current Yanzhou Coal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 3.41 |
Yanzhou Coal Mining lagged returns against current returns
Autocorrelation, which is Yanzhou Coal otc 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 Yanzhou Coal's otc stock expected returns. We can calculate the autocorrelation of Yanzhou Coal returns to help us make a trade decision. For example, suppose you find that Yanzhou Coal has exhibited high autocorrelation historically, and you observe that the otc 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 |
Yanzhou Coal 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 Yanzhou Coal otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yanzhou Coal otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yanzhou Coal otc stock over time.
Current vs Lagged Prices |
| Timeline |
Yanzhou Coal Lagged Returns
When evaluating Yanzhou Coal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yanzhou Coal otc stock have on its future price. Yanzhou Coal 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, Yanzhou Coal autocorrelation shows the relationship between Yanzhou Coal otc stock current value and its past values and can show if there is a momentum factor associated with investing in Yanzhou Coal Mining.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Yanzhou OTC Stock Analysis
When running Yanzhou Coal's price analysis, check to measure Yanzhou Coal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Yanzhou Coal is operating at the current time. Most of Yanzhou Coal's value examination focuses on studying past and present price action to predict the probability of Yanzhou Coal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yanzhou Coal's price. Additionally, you may evaluate how the addition of Yanzhou Coal to your portfolios can decrease your overall portfolio volatility.