Yibin Tianyuan (China) Market Value
| 002386 Stock | 4.92 0.01 0.20% |
| Symbol | Yibin |
Yibin Tianyuan '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 Yibin Tianyuan'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 Yibin Tianyuan.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Yibin Tianyuan on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Yibin Tianyuan Group or generate 0.0% return on investment in Yibin Tianyuan over 30 days. Yibin Tianyuan is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Yibin Tianyuan is entity of China. It is traded as Stock on SHE exchange. More
Yibin Tianyuan 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 Yibin Tianyuan'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 Yibin Tianyuan Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.73 | |||
| Information Ratio | 0.1015 | |||
| Maximum Drawdown | 17.28 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 4.57 |
Yibin Tianyuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yibin Tianyuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yibin Tianyuan's standard deviation. In reality, there are many statistical measures that can use Yibin Tianyuan historical prices to predict the future Yibin Tianyuan's volatility.| Risk Adjusted Performance | 0.1147 | |||
| Jensen Alpha | 0.4153 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.098 | |||
| Treynor Ratio | (1.31) |
Yibin Tianyuan Group Backtested Returns
Yibin Tianyuan appears to be moderately volatile, given 3 months investment horizon. Yibin Tianyuan Group shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Yibin Tianyuan's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Yibin Tianyuan's Mean Deviation of 1.94, market risk adjusted performance of (1.30), and Downside Deviation of 2.73 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yibin Tianyuan holds a performance score of 15. The firm maintains a market beta of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yibin Tianyuan are expected to decrease at a much lower rate. During the bear market, Yibin Tianyuan is likely to outperform the market. Please check Yibin Tianyuan's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Yibin Tianyuan's historical returns will revert.
Auto-correlation | 0.57 |
Modest predictability
Yibin Tianyuan Group has modest predictability. Overlapping area represents the amount of predictability between Yibin Tianyuan time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Yibin Tianyuan Group price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Yibin Tianyuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Yibin Tianyuan Group lagged returns against current returns
Autocorrelation, which is Yibin Tianyuan 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 Yibin Tianyuan's stock expected returns. We can calculate the autocorrelation of Yibin Tianyuan returns to help us make a trade decision. For example, suppose you find that Yibin Tianyuan 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 |
Yibin Tianyuan 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 Yibin Tianyuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yibin Tianyuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yibin Tianyuan stock over time.
Current vs Lagged Prices |
| Timeline |
Yibin Tianyuan Lagged Returns
When evaluating Yibin Tianyuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yibin Tianyuan stock have on its future price. Yibin Tianyuan 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, Yibin Tianyuan autocorrelation shows the relationship between Yibin Tianyuan stock current value and its past values and can show if there is a momentum factor associated with investing in Yibin Tianyuan Group.
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.Other Information on Investing in Yibin Stock
Yibin Tianyuan financial ratios help investors to determine whether Yibin 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 Yibin with respect to the benefits of owning Yibin Tianyuan security.