Sichuan Yahua (China) Market Value
| 002497 Stock | 11.89 0.43 3.75% |
| Symbol | Sichuan |
Sichuan Yahua '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 Sichuan Yahua'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 Sichuan Yahua.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sichuan Yahua on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sichuan Yahua Industrial or generate 0.0% return on investment in Sichuan Yahua over 30 days. Sichuan Yahua is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Sichuan Yahua is entity of China. It is traded as Stock on SHE exchange. More
Sichuan Yahua 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 Sichuan Yahua'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 Sichuan Yahua Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.17 | |||
| Information Ratio | 0.1317 | |||
| Maximum Drawdown | 19.24 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 7.23 |
Sichuan Yahua Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Yahua's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Yahua's standard deviation. In reality, there are many statistical measures that can use Sichuan Yahua historical prices to predict the future Sichuan Yahua's volatility.| Risk Adjusted Performance | 0.139 | |||
| Jensen Alpha | 0.6345 | |||
| Total Risk Alpha | 0.0061 | |||
| Sortino Ratio | 0.1429 | |||
| Treynor Ratio | (1.39) |
Sichuan Yahua Industrial Backtested Returns
Sichuan Yahua appears to be somewhat reliable, given 3 months investment horizon. Sichuan Yahua Industrial owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the firm had a 0.18% return per unit of risk over the last 3 months. By inspecting Sichuan Yahua's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please review Sichuan Yahua's Coefficient Of Variation of 582.69, risk adjusted performance of 0.139, and Semi Deviation of 2.71 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Yahua holds a performance score of 14. The entity has a beta of -0.42, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sichuan Yahua are expected to decrease at a much lower rate. During the bear market, Sichuan Yahua is likely to outperform the market. Please check Sichuan Yahua's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Sichuan Yahua's existing price patterns will revert.
Auto-correlation | 0.27 |
Poor predictability
Sichuan Yahua Industrial has poor predictability. Overlapping area represents the amount of predictability between Sichuan Yahua time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Sichuan Yahua Industrial price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current Sichuan Yahua price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Sichuan Yahua Industrial lagged returns against current returns
Autocorrelation, which is Sichuan Yahua 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 Sichuan Yahua's stock expected returns. We can calculate the autocorrelation of Sichuan Yahua returns to help us make a trade decision. For example, suppose you find that Sichuan Yahua 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 |
Sichuan Yahua 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 Sichuan Yahua stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Yahua stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Yahua stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Yahua Lagged Returns
When evaluating Sichuan Yahua's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Yahua stock have on its future price. Sichuan Yahua 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, Sichuan Yahua autocorrelation shows the relationship between Sichuan Yahua stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Yahua Industrial.
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 Sichuan Stock
Sichuan Yahua financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Yahua security.