Zhejiang Yayi (China) Market Value
| 301113 Stock | 27.45 0.72 2.69% |
| Symbol | Zhejiang |
Zhejiang Yayi '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 Zhejiang Yayi'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 Zhejiang Yayi.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Zhejiang Yayi on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Zhejiang Yayi Metal or generate 0.0% return on investment in Zhejiang Yayi over 720 days. Zhejiang Yayi is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Zhejiang Yayi is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Yayi 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 Zhejiang Yayi'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 Zhejiang Yayi Metal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.66 | |||
| Information Ratio | 0.1333 | |||
| Maximum Drawdown | 27.85 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 5.18 |
Zhejiang Yayi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Yayi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Yayi's standard deviation. In reality, there are many statistical measures that can use Zhejiang Yayi historical prices to predict the future Zhejiang Yayi's volatility.| Risk Adjusted Performance | 0.1352 | |||
| Jensen Alpha | 0.6307 | |||
| Total Risk Alpha | 0.0535 | |||
| Sortino Ratio | 0.1359 | |||
| Treynor Ratio | (3.67) |
Zhejiang Yayi Metal Backtested Returns
Zhejiang Yayi appears to be not too volatile, given 3 months investment horizon. Zhejiang Yayi Metal shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of risk over the last 3 months. By examining Zhejiang Yayi's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize Zhejiang Yayi's Downside Deviation of 3.66, mean deviation of 2.51, and Market Risk Adjusted Performance of (3.66) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Yayi holds a performance score of 13. The firm maintains a market beta of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Yayi are expected to decrease at a much lower rate. During the bear market, Zhejiang Yayi is likely to outperform the market. Please check Zhejiang Yayi's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhejiang Yayi's historical returns will revert.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Zhejiang Yayi Metal has insignificant reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Yayi time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Zhejiang Yayi Metal price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Zhejiang Yayi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 17.25 |
Zhejiang Yayi Metal lagged returns against current returns
Autocorrelation, which is Zhejiang Yayi 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 Zhejiang Yayi's stock expected returns. We can calculate the autocorrelation of Zhejiang Yayi returns to help us make a trade decision. For example, suppose you find that Zhejiang Yayi 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 |
Zhejiang Yayi 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 Zhejiang Yayi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Yayi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Yayi stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Yayi Lagged Returns
When evaluating Zhejiang Yayi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Yayi stock have on its future price. Zhejiang Yayi 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, Zhejiang Yayi autocorrelation shows the relationship between Zhejiang Yayi stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Yayi Metal.
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 Zhejiang Stock
Zhejiang Yayi financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Yayi security.