Yunnan Chuangxin's market value is the price at which a share of Yunnan Chuangxin trades on a public exchange. It measures the collective expectations of Yunnan Chuangxin New investors about its performance. Yunnan Chuangxin is trading at 29.17 as of the 12th of January 2025, a 2.99 percent decrease since the beginning of the trading day. The stock's open price was 30.07. With this module, you can estimate the performance of a buy and hold strategy of Yunnan Chuangxin New and determine expected loss or profit from investing in Yunnan Chuangxin over a given investment horizon. Check out Yunnan Chuangxin Correlation, Yunnan Chuangxin Volatility and Yunnan Chuangxin Alpha and Beta module to complement your research on Yunnan Chuangxin.
Please note, there is a significant difference between Yunnan Chuangxin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Yunnan Chuangxin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Yunnan Chuangxin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Yunnan Chuangxin '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 Chuangxin'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 Chuangxin.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Yunnan Chuangxin'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 Chuangxin New upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yunnan Chuangxin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yunnan Chuangxin's standard deviation. In reality, there are many statistical measures that can use Yunnan Chuangxin historical prices to predict the future Yunnan Chuangxin's volatility.
Yunnan Chuangxin New shows Sharpe Ratio of -0.0556, which attests that the company had a -0.0556% return per unit of risk over the last 3 months. Yunnan Chuangxin New exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Yunnan Chuangxin's Standard Deviation of 3.0, mean deviation of 2.19, and Market Risk Adjusted Performance of (0.24) to validate the risk estimate we provide. The firm maintains a market beta of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yunnan Chuangxin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yunnan Chuangxin is expected to be smaller as well. At this point, Yunnan Chuangxin New has a negative expected return of -0.17%. Please make sure to check out Yunnan Chuangxin's coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Yunnan Chuangxin New performance from the past will be repeated at some point in the near future.
Auto-correlation
0.96
Excellent predictability
Yunnan Chuangxin New has excellent predictability. Overlapping area represents the amount of predictability between Yunnan Chuangxin time series from 13th of December 2024 to 28th of December 2024 and 28th of December 2024 to 12th of January 2025. 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 Chuangxin New price movement. The serial correlation of 0.96 indicates that 96.0% of current Yunnan Chuangxin price fluctuation can be explain by its past prices.
Correlation Coefficient
0.96
Spearman Rank Test
0.71
Residual Average
0.0
Price Variance
1.35
Yunnan Chuangxin New lagged returns against current returns
Autocorrelation, which is Yunnan Chuangxin 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 Chuangxin's stock expected returns. We can calculate the autocorrelation of Yunnan Chuangxin returns to help us make a trade decision. For example, suppose you find that Yunnan Chuangxin 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 Chuangxin 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 Chuangxin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yunnan Chuangxin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yunnan Chuangxin stock over time.
Current vs Lagged Prices
Timeline
Yunnan Chuangxin Lagged Returns
When evaluating Yunnan Chuangxin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yunnan Chuangxin stock have on its future price. Yunnan Chuangxin 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 Chuangxin autocorrelation shows the relationship between Yunnan Chuangxin stock current value and its past values and can show if there is a momentum factor associated with investing in Yunnan Chuangxin New.
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.
Yunnan Chuangxin 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 Chuangxin security.