Yangmei Chemical (China) Market Value
| 600691 Stock | 2.38 0.01 0.42% |
| Symbol | Yangmei |
Yangmei Chemical '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 Yangmei Chemical'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 Yangmei Chemical.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Yangmei Chemical on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Yangmei Chemical Co or generate 0.0% return on investment in Yangmei Chemical over 360 days. Yangmei Chemical is related to or competes with Zijin Mining, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Yangmei Chemical is entity of China. It is traded as Stock on SHG exchange. More
Yangmei Chemical 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 Yangmei Chemical'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 Yangmei Chemical Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.35 | |||
| Information Ratio | 0.1845 | |||
| Maximum Drawdown | 19.82 | |||
| Value At Risk | (3.38) | |||
| Potential Upside | 9.87 |
Yangmei Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yangmei Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yangmei Chemical's standard deviation. In reality, there are many statistical measures that can use Yangmei Chemical historical prices to predict the future Yangmei Chemical's volatility.| Risk Adjusted Performance | 0.1774 | |||
| Jensen Alpha | 0.9069 | |||
| Total Risk Alpha | 0.1926 | |||
| Sortino Ratio | 0.2035 | |||
| Treynor Ratio | (1.06) |
Yangmei Chemical Backtested Returns
Yangmei Chemical appears to be very risky, given 3 months investment horizon. Yangmei Chemical shows Sharpe Ratio of 0.21, which attests that the company had a 0.21% return per unit of risk over the last 3 months. By examining Yangmei Chemical's technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please utilize Yangmei Chemical's Downside Deviation of 3.35, mean deviation of 2.66, and Market Risk Adjusted Performance of (1.05) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yangmei Chemical holds a performance score of 16. The firm maintains a market beta of -0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yangmei Chemical are expected to decrease at a much lower rate. During the bear market, Yangmei Chemical is likely to outperform the market. Please check Yangmei Chemical's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Yangmei Chemical's historical returns will revert.
Auto-correlation | -0.36 |
Poor reverse predictability
Yangmei Chemical Co has poor reverse predictability. Overlapping area represents the amount of predictability between Yangmei Chemical time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Yangmei Chemical price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Yangmei Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
Yangmei Chemical lagged returns against current returns
Autocorrelation, which is Yangmei Chemical 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 Yangmei Chemical's stock expected returns. We can calculate the autocorrelation of Yangmei Chemical returns to help us make a trade decision. For example, suppose you find that Yangmei Chemical 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 |
Yangmei Chemical 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 Yangmei Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yangmei Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yangmei Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Yangmei Chemical Lagged Returns
When evaluating Yangmei Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yangmei Chemical stock have on its future price. Yangmei Chemical 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, Yangmei Chemical autocorrelation shows the relationship between Yangmei Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Yangmei Chemical Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Yangmei Stock
Yangmei Chemical financial ratios help investors to determine whether Yangmei 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 Yangmei with respect to the benefits of owning Yangmei Chemical security.