Gansu Yasheng (China) Market Value
| 600108 Stock | 3.24 0.12 3.85% |
| Symbol | Gansu |
Gansu Yasheng '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 Gansu Yasheng'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 Gansu Yasheng.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Gansu Yasheng on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Gansu Yasheng Industrial or generate 0.0% return on investment in Gansu Yasheng over 480 days. Gansu Yasheng is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. Gansu Yasheng is entity of China. It is traded as Stock on SHG exchange. More
Gansu Yasheng 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 Gansu Yasheng'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 Gansu Yasheng Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.59 | |||
| Information Ratio | 0.109 | |||
| Maximum Drawdown | 16.25 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 4.26 |
Gansu Yasheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gansu Yasheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gansu Yasheng's standard deviation. In reality, there are many statistical measures that can use Gansu Yasheng historical prices to predict the future Gansu Yasheng's volatility.| Risk Adjusted Performance | 0.1208 | |||
| Jensen Alpha | 0.4326 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1088 | |||
| Treynor Ratio | (1.24) |
Gansu Yasheng Industrial Backtested Returns
Gansu Yasheng appears to be unstable, given 3 months investment horizon. Gansu Yasheng Industrial holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. By evaluating Gansu Yasheng's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please utilize Gansu Yasheng's Risk Adjusted Performance of 0.1208, market risk adjusted performance of (1.23), and Downside Deviation of 2.59 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gansu Yasheng holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Gansu Yasheng are expected to decrease at a much lower rate. During the bear market, Gansu Yasheng is likely to outperform the market. Please check Gansu Yasheng's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Gansu Yasheng's current trending patterns will revert.
Auto-correlation | -0.16 |
Insignificant reverse predictability
Gansu Yasheng Industrial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gansu Yasheng time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Gansu Yasheng Industrial price movement. The serial correlation of -0.16 indicates that over 16.0% of current Gansu Yasheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Gansu Yasheng Industrial lagged returns against current returns
Autocorrelation, which is Gansu Yasheng 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 Gansu Yasheng's stock expected returns. We can calculate the autocorrelation of Gansu Yasheng returns to help us make a trade decision. For example, suppose you find that Gansu Yasheng 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 |
Gansu Yasheng 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 Gansu Yasheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gansu Yasheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gansu Yasheng stock over time.
Current vs Lagged Prices |
| Timeline |
Gansu Yasheng Lagged Returns
When evaluating Gansu Yasheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gansu Yasheng stock have on its future price. Gansu Yasheng 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, Gansu Yasheng autocorrelation shows the relationship between Gansu Yasheng stock current value and its past values and can show if there is a momentum factor associated with investing in Gansu Yasheng Industrial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Gansu Stock
Gansu Yasheng financial ratios help investors to determine whether Gansu 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 Gansu with respect to the benefits of owning Gansu Yasheng security.