Yantai Jereh (China) Market Value
| 002353 Stock | 35.90 0.90 2.57% |
| Symbol | Yantai |
Yantai Jereh '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 Yantai Jereh'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 Yantai Jereh.
| 11/28/2024 |
| 12/28/2024 |
If you would invest 0.00 in Yantai Jereh on November 28, 2024 and sell it all today you would earn a total of 0.00 from holding Yantai Jereh Oilfield or generate 0.0% return on investment in Yantai Jereh over 30 days. Yantai Jereh is related to or competes with Zhejiang Kingland, BeiGene, Easyhome New, ZTE Corp, New China, Qinghai Salt, and China Union. Yantai Jereh is entity of China. It is traded as Stock on SHE exchange. More
Yantai Jereh 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 Yantai Jereh'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 Yantai Jereh Oilfield upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.38 | |||
| Information Ratio | 0.1341 | |||
| Maximum Drawdown | 15.78 | |||
| Value At Risk | (3.31) | |||
| Potential Upside | 4.92 |
Yantai Jereh Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yantai Jereh's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yantai Jereh's standard deviation. In reality, there are many statistical measures that can use Yantai Jereh historical prices to predict the future Yantai Jereh's volatility.| Risk Adjusted Performance | 0.123 | |||
| Jensen Alpha | 0.4116 | |||
| Total Risk Alpha | 0.3322 | |||
| Sortino Ratio | 0.1643 | |||
| Treynor Ratio | 5.42 |
Yantai Jereh Oilfield Backtested Returns
At this point, Yantai Jereh is very steady. Yantai Jereh Oilfield shows Sharpe Ratio of 0.0696, which attests that the company had a 0.0696% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Yantai Jereh Oilfield, which you can use to evaluate the volatility of the company. Please check out Yantai Jereh's Market Risk Adjusted Performance of 5.43, downside deviation of 2.38, and Mean Deviation of 2.13 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. Yantai Jereh has a performance score of 5 on a scale of 0 to 100. The firm maintains a market beta of 0.0762, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Yantai Jereh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yantai Jereh is expected to be smaller as well. Yantai Jereh Oilfield right now maintains a risk of 2.69%. Please check out Yantai Jereh Oilfield semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Yantai Jereh Oilfield will be following its historical returns.
Auto-correlation | 0.17 |
Very weak predictability
Yantai Jereh Oilfield has very weak predictability. Overlapping area represents the amount of predictability between Yantai Jereh time series from 28th of November 2024 to 13th of December 2024 and 13th of December 2024 to 28th 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 Yantai Jereh Oilfield price movement. The serial correlation of 0.17 indicates that over 17.0% of current Yantai Jereh price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
Yantai Jereh Oilfield lagged returns against current returns
Autocorrelation, which is Yantai Jereh 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 Yantai Jereh's stock expected returns. We can calculate the autocorrelation of Yantai Jereh returns to help us make a trade decision. For example, suppose you find that Yantai Jereh 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 |
Yantai Jereh 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 Yantai Jereh stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yantai Jereh stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yantai Jereh stock over time.
Current vs Lagged Prices |
| Timeline |
Yantai Jereh Lagged Returns
When evaluating Yantai Jereh's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yantai Jereh stock have on its future price. Yantai Jereh 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, Yantai Jereh autocorrelation shows the relationship between Yantai Jereh stock current value and its past values and can show if there is a momentum factor associated with investing in Yantai Jereh Oilfield.
Regressed Prices |
| Timeline |
Also Currently Popular
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.Other Information on Investing in Yantai Stock
Yantai Jereh financial ratios help investors to determine whether Yantai 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 Yantai with respect to the benefits of owning Yantai Jereh security.