Zhejiang Yayi (China) Market Value
| 301113 Stock | 25.59 0.29 1.15% |
| Symbol | Zhejiang |
Zhejiang Yayi '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 Zhejiang Yayi'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 Zhejiang Yayi.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Zhejiang Yayi on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Yayi Metal or generate 0.0% return on investment in Zhejiang Yayi over 90 days. Zhejiang Yayi is related to or competes with Tjk Machinery, Jiujiang Shanshui, Bohai Leasing, Jiang Su, Sharetronic Data, Northking Information, and Hongrun Construction. More
Zhejiang Yayi 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 Zhejiang Yayi'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 Zhejiang Yayi Metal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0336 | |||
| Maximum Drawdown | 15.4 | |||
| Value At Risk | (4.60) | |||
| Potential Upside | 4.53 |
Zhejiang Yayi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Yayi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Yayi's standard deviation. In reality, there are many statistical measures that can use Zhejiang Yayi historical prices to predict the future Zhejiang Yayi's volatility.| Risk Adjusted Performance | 0.0037 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.3145 | |||
| Treynor Ratio | 0.0879 |
Zhejiang Yayi Metal Backtested Returns
At this point, Zhejiang Yayi is not too volatile. Zhejiang Yayi Metal shows Sharpe Ratio of close to zero, which attests that the company had a close to zero % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Zhejiang Yayi Metal, which you can use to evaluate the volatility of the company. Please check out Zhejiang Yayi's Standard Deviation of 2.67, mean deviation of 1.99, and Market Risk Adjusted Performance of 0.0979 to validate if the risk estimate we provide is consistent with the expected return of 0.0104%. The firm maintains a market beta of -0.22, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Zhejiang Yayi are expected to decrease at a much lower rate. During the bear market, Zhejiang Yayi is likely to outperform the market. Zhejiang Yayi Metal right now maintains a risk of 2.67%. Please check out Zhejiang Yayi Metal market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Zhejiang Yayi Metal will be following its historical returns.
Auto-correlation | -0.02 |
Very weak reverse predictability
Zhejiang Yayi Metal has very weak reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Yayi time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Zhejiang Yayi Metal price movement. The serial correlation of -0.02 indicates that only 2.0% of current Zhejiang Yayi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
Zhejiang Yayi Metal lagged returns against current returns
Autocorrelation, which is Zhejiang Yayi 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 Zhejiang Yayi's stock expected returns. We can calculate the autocorrelation of Zhejiang Yayi returns to help us make a trade decision. For example, suppose you find that Zhejiang Yayi 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 |
Zhejiang Yayi 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 Zhejiang Yayi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Yayi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Yayi stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Yayi Lagged Returns
When evaluating Zhejiang Yayi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Yayi stock have on its future price. Zhejiang Yayi 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, Zhejiang Yayi autocorrelation shows the relationship between Zhejiang Yayi stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Yayi Metal.
Regressed Prices |
| Timeline |
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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 Zhejiang Stock
Zhejiang Yayi financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Yayi security.