YiDong Electronics (China) Market Value
| 301123 Stock | 21.03 0.23 1.08% |
| Symbol | YiDong |
YiDong Electronics '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 YiDong Electronics' 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 YiDong Electronics.
| 05/16/2024 |
| 12/12/2024 |
If you would invest 0.00 in YiDong Electronics on May 16, 2024 and sell it all today you would earn a total of 0.00 from holding YiDong Electronics Technology or generate 0.0% return on investment in YiDong Electronics over 210 days. YiDong Electronics is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. YiDong Electronics is entity of China. It is traded as Stock on SHE exchange. More
YiDong Electronics 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 YiDong Electronics' 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 YiDong Electronics Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.68 | |||
| Information Ratio | 0.0871 | |||
| Maximum Drawdown | 28.03 | |||
| Value At Risk | (5.07) | |||
| Potential Upside | 5.72 |
YiDong Electronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YiDong Electronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YiDong Electronics' standard deviation. In reality, there are many statistical measures that can use YiDong Electronics historical prices to predict the future YiDong Electronics' volatility.| Risk Adjusted Performance | 0.0935 | |||
| Jensen Alpha | 0.4379 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0952 | |||
| Treynor Ratio | 2.01 |
YiDong Electronics Backtested Returns
YiDong Electronics appears to be not too volatile, given 3 months investment horizon. YiDong Electronics shows Sharpe Ratio of 0.17, which attests that the company had a 0.17% return per unit of volatility over the last 3 months. By examining YiDong Electronics' technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please utilize YiDong Electronics' Risk Adjusted Performance of 0.0935, mean deviation of 2.72, and Downside Deviation of 3.68 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, YiDong Electronics holds a performance score of 13. The firm maintains a market beta of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, YiDong Electronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding YiDong Electronics is expected to be smaller as well. Please check YiDong Electronics' downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether YiDong Electronics' historical returns will revert.
Auto-correlation | -0.51 |
Good reverse predictability
YiDong Electronics Technology has good reverse predictability. Overlapping area represents the amount of predictability between YiDong Electronics time series from 16th of May 2024 to 29th of August 2024 and 29th of August 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 YiDong Electronics price movement. The serial correlation of -0.51 indicates that about 51.0% of current YiDong Electronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 4.22 |
YiDong Electronics lagged returns against current returns
Autocorrelation, which is YiDong Electronics 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 YiDong Electronics' stock expected returns. We can calculate the autocorrelation of YiDong Electronics returns to help us make a trade decision. For example, suppose you find that YiDong Electronics 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 |
YiDong Electronics 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 YiDong Electronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YiDong Electronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YiDong Electronics stock over time.
Current vs Lagged Prices |
| Timeline |
YiDong Electronics Lagged Returns
When evaluating YiDong Electronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YiDong Electronics stock have on its future price. YiDong Electronics 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, YiDong Electronics autocorrelation shows the relationship between YiDong Electronics stock current value and its past values and can show if there is a momentum factor associated with investing in YiDong Electronics Technology.
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 YiDong Stock
YiDong Electronics financial ratios help investors to determine whether YiDong 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 YiDong with respect to the benefits of owning YiDong Electronics security.