Yunnan Chuangxin (China) Market Value
| 002812 Stock | 33.77 0.25 0.75% |
| Symbol | Yunnan |
Yunnan Chuangxin '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 Yunnan Chuangxin'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 Yunnan Chuangxin.
| 08/01/2023 |
| 12/23/2024 |
If you would invest 0.00 in Yunnan Chuangxin on August 1, 2023 and sell it all today you would earn a total of 0.00 from holding Yunnan Chuangxin New or generate 0.0% return on investment in Yunnan Chuangxin over 510 days. Yunnan Chuangxin is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Yunnan Chuangxin is entity of China. It is traded as Stock on SHE exchange. More
Yunnan Chuangxin 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 Yunnan Chuangxin'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 Yunnan Chuangxin New upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0987 | |||
| Maximum Drawdown | 16.13 | |||
| Value At Risk | (4.32) | |||
| Potential Upside | 9.93 |
Yunnan Chuangxin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yunnan Chuangxin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yunnan Chuangxin's standard deviation. In reality, there are many statistical measures that can use Yunnan Chuangxin historical prices to predict the future Yunnan Chuangxin's volatility.| Risk Adjusted Performance | 0.0926 | |||
| Jensen Alpha | 0.4061 | |||
| Total Risk Alpha | 0.3023 | |||
| Sortino Ratio | 0.1308 | |||
| Treynor Ratio | 1.28 |
Yunnan Chuangxin New Backtested Returns
Yunnan Chuangxin appears to be not too volatile, given 3 months investment horizon. Yunnan Chuangxin New shows Sharpe Ratio of 0.12, which attests that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yunnan Chuangxin New, which you can use to evaluate the volatility of the company. Please utilize Yunnan Chuangxin's Market Risk Adjusted Performance of 1.29, downside deviation of 2.99, and Mean Deviation of 2.94 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yunnan Chuangxin holds a performance score of 9. The firm maintains a market beta of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yunnan Chuangxin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yunnan Chuangxin is expected to be smaller as well. Please check Yunnan Chuangxin's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Yunnan Chuangxin's historical returns will revert.
Auto-correlation | 0.24 |
Weak predictability
Yunnan Chuangxin New has weak predictability. Overlapping area represents the amount of predictability between Yunnan Chuangxin time series from 1st of August 2023 to 12th of April 2024 and 12th of April 2024 to 23rd 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 Yunnan Chuangxin New price movement. The serial correlation of 0.24 indicates that over 24.0% of current Yunnan Chuangxin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 25.07 |
Yunnan Chuangxin New lagged returns against current returns
Autocorrelation, which is Yunnan Chuangxin 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 Yunnan Chuangxin's stock expected returns. We can calculate the autocorrelation of Yunnan Chuangxin returns to help us make a trade decision. For example, suppose you find that Yunnan Chuangxin 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 |
Yunnan Chuangxin 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 Yunnan Chuangxin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yunnan Chuangxin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yunnan Chuangxin stock over time.
Current vs Lagged Prices |
| Timeline |
Yunnan Chuangxin Lagged Returns
When evaluating Yunnan Chuangxin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yunnan Chuangxin stock have on its future price. Yunnan Chuangxin 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, Yunnan Chuangxin autocorrelation shows the relationship between Yunnan Chuangxin stock current value and its past values and can show if there is a momentum factor associated with investing in Yunnan Chuangxin New.
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 Yunnan Stock
Yunnan Chuangxin financial ratios help investors to determine whether Yunnan 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 Yunnan with respect to the benefits of owning Yunnan Chuangxin security.