Yunnan Chihong (China) Market Value
| 600497 Stock | 5.68 0.11 1.90% |
| Symbol | Yunnan |
Yunnan Chihong '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 Chihong'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 Chihong.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Yunnan Chihong on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Yunnan Chihong ZincGermanium or generate 0.0% return on investment in Yunnan Chihong over 30 days. Yunnan Chihong is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Yunnan Chihong is entity of China. It is traded as Stock on SHG exchange. More
Yunnan Chihong 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 Yunnan Chihong'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 Chihong ZincGermanium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.1224 | |||
| Maximum Drawdown | 14.5 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 4.01 |
Yunnan Chihong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yunnan Chihong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yunnan Chihong's standard deviation. In reality, there are many statistical measures that can use Yunnan Chihong historical prices to predict the future Yunnan Chihong's volatility.| Risk Adjusted Performance | 0.1145 | |||
| Jensen Alpha | 0.3327 | |||
| Total Risk Alpha | 0.2512 | |||
| Sortino Ratio | 0.1474 | |||
| Treynor Ratio | (0.76) |
Yunnan Chihong ZincG Backtested Returns
Yunnan Chihong appears to be slightly risky, given 3 months investment horizon. Yunnan Chihong ZincG shows Sharpe Ratio of 0.11, which attests that the company had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Yunnan Chihong ZincG, which you can use to evaluate the volatility of the company. Please utilize Yunnan Chihong's Mean Deviation of 1.74, downside deviation of 2.03, and Market Risk Adjusted Performance of (0.75) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yunnan Chihong holds a performance score of 8. The firm maintains a market beta of -0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Yunnan Chihong are expected to decrease at a much lower rate. During the bear market, Yunnan Chihong is likely to outperform the market. Please check Yunnan Chihong's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Yunnan Chihong's historical returns will revert.
Auto-correlation | -0.92 |
Near perfect reversele predictability
Yunnan Chihong ZincGermanium has near perfect reversele predictability. Overlapping area represents the amount of predictability between Yunnan Chihong time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Yunnan Chihong ZincG price movement. The serial correlation of -0.92 indicates that approximately 92.0% of current Yunnan Chihong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.92 | |
| Spearman Rank Test | -0.93 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Yunnan Chihong ZincG lagged returns against current returns
Autocorrelation, which is Yunnan Chihong 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 Chihong's stock expected returns. We can calculate the autocorrelation of Yunnan Chihong returns to help us make a trade decision. For example, suppose you find that Yunnan Chihong 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 Chihong 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 Chihong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yunnan Chihong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yunnan Chihong stock over time.
Current vs Lagged Prices |
| Timeline |
Yunnan Chihong Lagged Returns
When evaluating Yunnan Chihong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yunnan Chihong stock have on its future price. Yunnan Chihong 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 Chihong autocorrelation shows the relationship between Yunnan Chihong stock current value and its past values and can show if there is a momentum factor associated with investing in Yunnan Chihong ZincGermanium.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Yunnan Stock
Yunnan Chihong 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 Chihong security.