Qiaoyin Environmental (China) Market Value
| 002973 Stock | 11.42 0.31 2.79% |
| Symbol | Qiaoyin |
Qiaoyin Environmental '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 Qiaoyin Environmental'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 Qiaoyin Environmental.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Qiaoyin Environmental on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Qiaoyin Environmental Tech or generate 0.0% return on investment in Qiaoyin Environmental over 30 days. Qiaoyin Environmental is related to or competes with Lutian Machinery, China Longyuan, PetroChina, Bank of China, Guangxi Guiguan, Yantai North, and Huaneng Lancang. Qiaoyin Environmental is entity of China More
Qiaoyin Environmental 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 Qiaoyin Environmental'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 Qiaoyin Environmental Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.89 | |||
| Information Ratio | 0.1286 | |||
| Maximum Drawdown | 15.26 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 5.61 |
Qiaoyin Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Qiaoyin Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Qiaoyin Environmental's standard deviation. In reality, there are many statistical measures that can use Qiaoyin Environmental historical prices to predict the future Qiaoyin Environmental's volatility.| Risk Adjusted Performance | 0.1305 | |||
| Jensen Alpha | 0.5196 | |||
| Total Risk Alpha | 0.0248 | |||
| Sortino Ratio | 0.1335 | |||
| Treynor Ratio | (2.99) |
Qiaoyin Environmental Backtested Returns
Qiaoyin Environmental appears to be somewhat reliable, given 3 months investment horizon. Qiaoyin Environmental maintains Sharpe Ratio (i.e., Efficiency) of 0.22, which implies the firm had a 0.22% return per unit of risk over the last 3 months. By analyzing Qiaoyin Environmental's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please evaluate Qiaoyin Environmental's Semi Deviation of 2.41, coefficient of variation of 587.91, and Risk Adjusted Performance of 0.1305 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Qiaoyin Environmental holds a performance score of 17. The company holds a Beta of -0.17, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Qiaoyin Environmental are expected to decrease at a much lower rate. During the bear market, Qiaoyin Environmental is likely to outperform the market. Please check Qiaoyin Environmental's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Qiaoyin Environmental's historical price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Qiaoyin Environmental Tech has very good reverse predictability. Overlapping area represents the amount of predictability between Qiaoyin Environmental time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Qiaoyin Environmental price movement. The serial correlation of -0.68 indicates that around 68.0% of current Qiaoyin Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Qiaoyin Environmental lagged returns against current returns
Autocorrelation, which is Qiaoyin Environmental 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 Qiaoyin Environmental's stock expected returns. We can calculate the autocorrelation of Qiaoyin Environmental returns to help us make a trade decision. For example, suppose you find that Qiaoyin Environmental 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 |
Qiaoyin Environmental 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 Qiaoyin Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Qiaoyin Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Qiaoyin Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Qiaoyin Environmental Lagged Returns
When evaluating Qiaoyin Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Qiaoyin Environmental stock have on its future price. Qiaoyin Environmental 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, Qiaoyin Environmental autocorrelation shows the relationship between Qiaoyin Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Qiaoyin Environmental Tech.
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 Qiaoyin Stock
Qiaoyin Environmental financial ratios help investors to determine whether Qiaoyin 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 Qiaoyin with respect to the benefits of owning Qiaoyin Environmental security.