Yunnan Copper (China) Market Value
| 000878 Stock | 13.30 0.05 0.38% |
| Symbol | Yunnan |
Yunnan Copper '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 Copper'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 Copper.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Yunnan Copper on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Yunnan Copper Co or generate 0.0% return on investment in Yunnan Copper over 570 days. Yunnan Copper is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Yunnan Copper is entity of China. It is traded as Stock on SHE exchange. More
Yunnan Copper 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 Copper'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 Copper Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | 0.0831 | |||
| Maximum Drawdown | 16.3 | |||
| Value At Risk | (2.95) | |||
| Potential Upside | 4.13 |
Yunnan Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yunnan Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yunnan Copper's standard deviation. In reality, there are many statistical measures that can use Yunnan Copper historical prices to predict the future Yunnan Copper's volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 0.3212 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0944 | |||
| Treynor Ratio | (0.81) |
Yunnan Copper Backtested Returns
Yunnan Copper appears to be somewhat reliable, given 3 months investment horizon. Yunnan Copper 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. We have found twenty-eight technical indicators for Yunnan Copper, which you can use to evaluate the volatility of the company. Please utilize Yunnan Copper's Mean Deviation of 1.51, market risk adjusted performance of (0.80), and Downside Deviation of 1.94 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yunnan Copper holds a performance score of 13. The firm maintains a market beta of -0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yunnan Copper are expected to decrease at a much lower rate. During the bear market, Yunnan Copper is likely to outperform the market. Please check Yunnan Copper's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Yunnan Copper's historical returns will revert.
Auto-correlation | 0.19 |
Very weak predictability
Yunnan Copper Co has very weak predictability. Overlapping area represents the amount of predictability between Yunnan Copper time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th 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 Copper price movement. The serial correlation of 0.19 indicates that over 19.0% of current Yunnan Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
Yunnan Copper lagged returns against current returns
Autocorrelation, which is Yunnan Copper 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 Copper's stock expected returns. We can calculate the autocorrelation of Yunnan Copper returns to help us make a trade decision. For example, suppose you find that Yunnan Copper 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 Copper 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 Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yunnan Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yunnan Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Yunnan Copper Lagged Returns
When evaluating Yunnan Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yunnan Copper stock have on its future price. Yunnan Copper 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 Copper autocorrelation shows the relationship between Yunnan Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Yunnan Copper Co.
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 Yunnan Stock
Yunnan Copper 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 Copper security.