ShenZhen Yitoa's market value is the price at which a share of ShenZhen Yitoa trades on a public exchange. It measures the collective expectations of ShenZhen Yitoa Intelligent investors about its performance. ShenZhen Yitoa is trading at 8.54 as of the 4th of January 2025, a 5.56 percent increase since the beginning of the trading day. The stock's open price was 8.09. With this module, you can estimate the performance of a buy and hold strategy of ShenZhen Yitoa Intelligent and determine expected loss or profit from investing in ShenZhen Yitoa over a given investment horizon. Check out ShenZhen Yitoa Correlation, ShenZhen Yitoa Volatility and ShenZhen Yitoa Alpha and Beta module to complement your research on ShenZhen Yitoa.
Please note, there is a significant difference between ShenZhen Yitoa's value and its price as these two are different measures arrived at by different means. Investors typically determine if ShenZhen Yitoa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ShenZhen Yitoa'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.
ShenZhen Yitoa '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 ShenZhen Yitoa'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 ShenZhen Yitoa.
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11/05/2024
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in ShenZhen Yitoa on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding ShenZhen Yitoa Intelligent or generate 0.0% return on investment in ShenZhen Yitoa over 60 days. ShenZhen Yitoa is related to or competes with Gansu Huangtai, Innovative Medical, HaiXin Foods, JCHX Mining, Yankershop Food, and Sanbo Hospital. ShenZhen Yitoa is entity of China. It is traded as Stock on SHE exchange. More
ShenZhen Yitoa 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 ShenZhen Yitoa'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 ShenZhen Yitoa Intelligent 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 ShenZhen Yitoa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ShenZhen Yitoa's standard deviation. In reality, there are many statistical measures that can use ShenZhen Yitoa historical prices to predict the future ShenZhen Yitoa's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ShenZhen Yitoa. Your research has to be compared to or analyzed against ShenZhen Yitoa's peers to derive any actionable benefits. When done correctly, ShenZhen Yitoa's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ShenZhen Yitoa Intel.
ShenZhen Yitoa Intel Backtested Returns
ShenZhen Yitoa appears to be slightly risky, given 3 months investment horizon. ShenZhen Yitoa Intel owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0495, which indicates the firm had a 0.0495% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ShenZhen Yitoa Intelligent, which you can use to evaluate the volatility of the company. Please review ShenZhen Yitoa's Coefficient Of Variation of 602.41, semi deviation of 3.64, and Risk Adjusted Performance of 0.1431 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ShenZhen Yitoa holds a performance score of 3. The entity has a beta of -0.25, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ShenZhen Yitoa are expected to decrease at a much lower rate. During the bear market, ShenZhen Yitoa is likely to outperform the market. Please check ShenZhen Yitoa's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether ShenZhen Yitoa's existing price patterns will revert.
Auto-correlation
-0.21
Weak reverse predictability
ShenZhen Yitoa Intelligent has weak reverse predictability. Overlapping area represents the amount of predictability between ShenZhen Yitoa time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 ShenZhen Yitoa Intel price movement. The serial correlation of -0.21 indicates that over 21.0% of current ShenZhen Yitoa price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.21
Spearman Rank Test
-0.31
Residual Average
0.0
Price Variance
0.08
ShenZhen Yitoa Intel lagged returns against current returns
Autocorrelation, which is ShenZhen Yitoa 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 ShenZhen Yitoa's stock expected returns. We can calculate the autocorrelation of ShenZhen Yitoa returns to help us make a trade decision. For example, suppose you find that ShenZhen Yitoa 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
ShenZhen Yitoa 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 ShenZhen Yitoa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ShenZhen Yitoa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ShenZhen Yitoa stock over time.
Current vs Lagged Prices
Timeline
ShenZhen Yitoa Lagged Returns
When evaluating ShenZhen Yitoa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ShenZhen Yitoa stock have on its future price. ShenZhen Yitoa 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, ShenZhen Yitoa autocorrelation shows the relationship between ShenZhen Yitoa stock current value and its past values and can show if there is a momentum factor associated with investing in ShenZhen Yitoa Intelligent.
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.
ShenZhen Yitoa financial ratios help investors to determine whether ShenZhen 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 ShenZhen with respect to the benefits of owning ShenZhen Yitoa security.