Long Yuan (China) Market Value
| 600491 Stock | 4.34 0.07 1.64% |
| Symbol | Long |
Long Yuan '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 Long Yuan'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 Long Yuan.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Long Yuan on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Long Yuan Construction or generate 0.0% return on investment in Long Yuan over 720 days. Long Yuan is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, Shanghai Zhangjiang, and 3onedata. Long Yuan is entity of China. It is traded as Stock on SHG exchange. More
Long Yuan 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 Long Yuan'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 Long Yuan Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.18 | |||
| Information Ratio | 0.2078 | |||
| Maximum Drawdown | 19.24 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 8.09 |
Long Yuan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Long Yuan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Long Yuan's standard deviation. In reality, there are many statistical measures that can use Long Yuan historical prices to predict the future Long Yuan's volatility.| Risk Adjusted Performance | 0.1826 | |||
| Jensen Alpha | 0.9904 | |||
| Total Risk Alpha | 0.2951 | |||
| Sortino Ratio | 0.2393 | |||
| Treynor Ratio | (0.88) |
Long Yuan Construction Backtested Returns
Long Yuan is unstable given 3 months investment horizon. Long Yuan Construction has Sharpe Ratio of 0.28, which conveys that the firm had a 0.28% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use Long Yuan Construction Risk Adjusted Performance of 0.1826, downside deviation of 3.18, and Mean Deviation of 2.68 to evaluate company specific risk that cannot be diversified away. Long Yuan holds a performance score of 21 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -1.0, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Long Yuan are expected to decrease slowly. On the other hand, during market turmoil, Long Yuan is expected to outperform it slightly. Use Long Yuan Construction information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Long Yuan Construction.
Auto-correlation | 0.12 |
Insignificant predictability
Long Yuan Construction has insignificant predictability. Overlapping area represents the amount of predictability between Long Yuan time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 Long Yuan Construction price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Long Yuan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Long Yuan Construction lagged returns against current returns
Autocorrelation, which is Long Yuan 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 Long Yuan's stock expected returns. We can calculate the autocorrelation of Long Yuan returns to help us make a trade decision. For example, suppose you find that Long Yuan 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 |
Long Yuan 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 Long Yuan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Long Yuan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Long Yuan stock over time.
Current vs Lagged Prices |
| Timeline |
Long Yuan Lagged Returns
When evaluating Long Yuan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Long Yuan stock have on its future price. Long Yuan 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, Long Yuan autocorrelation shows the relationship between Long Yuan stock current value and its past values and can show if there is a momentum factor associated with investing in Long Yuan Construction.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Long Stock
Long Yuan financial ratios help investors to determine whether Long 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 Long with respect to the benefits of owning Long Yuan security.