Yunnan Tin (China) Market Value
| 000960 Stock | 14.82 0.04 0.27% |
| Symbol | Yunnan |
Yunnan Tin '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 Tin'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 Tin.
| 09/05/2024 |
| 12/04/2024 |
If you would invest 0.00 in Yunnan Tin on September 5, 2024 and sell it all today you would earn a total of 0.00 from holding Yunnan Tin Co or generate 0.0% return on investment in Yunnan Tin over 90 days. Yunnan Tin is related to or competes with Shaanxi Construction, Kingclean Electric, Qijing Machinery, Huasi Agricultural, Jiangsu Yueda, Tengda Construction, and Shaanxi Meineng. Yunnan Tin is entity of China. It is traded as Stock on SHE exchange. More
Yunnan Tin 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 Tin'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 Tin Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.36 | |||
| Information Ratio | (0.0005) | |||
| Maximum Drawdown | 16.71 | |||
| Value At Risk | (3.58) | |||
| Potential Upside | 3.87 |
Yunnan Tin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yunnan Tin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yunnan Tin's standard deviation. In reality, there are many statistical measures that can use Yunnan Tin historical prices to predict the future Yunnan Tin's volatility.| Risk Adjusted Performance | 0.0422 | |||
| Jensen Alpha | 0.1276 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | (0.41) |
Yunnan Tin Backtested Returns
Yunnan Tin appears to be not too volatile, given 3 months investment horizon. Yunnan Tin shows Sharpe Ratio of 0.0897, which attests that the company had a 0.0897% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yunnan Tin, which you can use to evaluate the volatility of the company. Please utilize Yunnan Tin's Mean Deviation of 1.65, downside deviation of 2.36, and Market Risk Adjusted Performance of (0.40) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yunnan Tin holds a performance score of 7. The firm maintains a market beta of -0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Yunnan Tin are expected to decrease at a much lower rate. During the bear market, Yunnan Tin is likely to outperform the market. Please check Yunnan Tin's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Yunnan Tin's historical returns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Yunnan Tin Co has weak reverse predictability. Overlapping area represents the amount of predictability between Yunnan Tin time series from 5th of September 2024 to 20th of October 2024 and 20th of October 2024 to 4th 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 Tin price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Yunnan Tin price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Yunnan Tin lagged returns against current returns
Autocorrelation, which is Yunnan Tin 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 Tin's stock expected returns. We can calculate the autocorrelation of Yunnan Tin returns to help us make a trade decision. For example, suppose you find that Yunnan Tin 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 Tin 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 Tin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yunnan Tin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yunnan Tin stock over time.
Current vs Lagged Prices |
| Timeline |
Yunnan Tin Lagged Returns
When evaluating Yunnan Tin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yunnan Tin stock have on its future price. Yunnan Tin 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 Tin autocorrelation shows the relationship between Yunnan Tin stock current value and its past values and can show if there is a momentum factor associated with investing in Yunnan Tin 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 Tin 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 Tin security.