Zhongyin Babi's market value is the price at which a share of Zhongyin Babi trades on a public exchange. It measures the collective expectations of Zhongyin Babi Food investors about its performance. Zhongyin Babi is trading at 17.60 as of the 6th of December 2024, a 2.76% down since the beginning of the trading day. The stock's open price was 18.1. With this module, you can estimate the performance of a buy and hold strategy of Zhongyin Babi Food and determine expected loss or profit from investing in Zhongyin Babi over a given investment horizon. Check out Zhongyin Babi Correlation, Zhongyin Babi Volatility and Zhongyin Babi Alpha and Beta module to complement your research on Zhongyin Babi.
Please note, there is a significant difference between Zhongyin Babi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Zhongyin Babi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Zhongyin Babi'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.
Zhongyin Babi '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 Zhongyin Babi'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 Zhongyin Babi.
0.00
12/17/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/06/2024
0.00
If you would invest 0.00 in Zhongyin Babi on December 17, 2022 and sell it all today you would earn a total of 0.00 from holding Zhongyin Babi Food or generate 0.0% return on investment in Zhongyin Babi over 720 days. Zhongyin Babi is related to or competes with Xiamen Jihong, Dymatic Chemicals, Eastroc Beverage, Xilong Chemical, Xiwang Foodstuffs, Shantou Wanshun, and Jilin Chemical. Zhongyin Babi is entity of China. It is traded as Stock on SHG exchange. More
Zhongyin Babi 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 Zhongyin Babi'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 Zhongyin Babi Food 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 Zhongyin Babi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongyin Babi's standard deviation. In reality, there are many statistical measures that can use Zhongyin Babi historical prices to predict the future Zhongyin Babi's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Zhongyin Babi. Your research has to be compared to or analyzed against Zhongyin Babi's peers to derive any actionable benefits. When done correctly, Zhongyin Babi'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 Zhongyin Babi Food.
Zhongyin Babi Food Backtested Returns
Zhongyin Babi appears to be not too volatile, given 3 months investment horizon. Zhongyin Babi Food shows Sharpe Ratio of 0.2, which attests that the company had a 0.2% return per unit of risk over the last 3 months. By examining Zhongyin Babi's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Zhongyin Babi's Mean Deviation of 1.96, downside deviation of 2.22, and Market Risk Adjusted Performance of 2.95 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhongyin Babi holds a performance score of 15. The firm maintains a market beta of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhongyin Babi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhongyin Babi is expected to be smaller as well. Please check Zhongyin Babi'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 Zhongyin Babi's historical returns will revert.
Auto-correlation
0.47
Average predictability
Zhongyin Babi Food has average predictability. Overlapping area represents the amount of predictability between Zhongyin Babi time series from 17th of December 2022 to 12th of December 2023 and 12th of December 2023 to 6th 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 Zhongyin Babi Food price movement. The serial correlation of 0.47 indicates that about 47.0% of current Zhongyin Babi price fluctuation can be explain by its past prices.
Correlation Coefficient
0.47
Spearman Rank Test
0.43
Residual Average
0.0
Price Variance
4.95
Zhongyin Babi Food lagged returns against current returns
Autocorrelation, which is Zhongyin Babi 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 Zhongyin Babi's stock expected returns. We can calculate the autocorrelation of Zhongyin Babi returns to help us make a trade decision. For example, suppose you find that Zhongyin Babi 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
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Zhongyin Babi 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 Zhongyin Babi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongyin Babi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongyin Babi stock over time.
Current vs Lagged Prices
Timeline
Zhongyin Babi Lagged Returns
When evaluating Zhongyin Babi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongyin Babi stock have on its future price. Zhongyin Babi 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, Zhongyin Babi autocorrelation shows the relationship between Zhongyin Babi stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongyin Babi Food.
Zhongyin Babi financial ratios help investors to determine whether Zhongyin 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 Zhongyin with respect to the benefits of owning Zhongyin Babi security.