JuneYao Dairy (China) Market Value
| 605388 Stock | 7.15 0.15 2.14% |
| Symbol | JuneYao |
JuneYao Dairy '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 JuneYao Dairy'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 JuneYao Dairy.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in JuneYao Dairy on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding JuneYao Dairy Co or generate 0.0% return on investment in JuneYao Dairy over 30 days. JuneYao Dairy is related to or competes with China Petroleum, PetroChina, China State, China Railway, China Railway, China Mobile, and Industrial. JuneYao Dairy is entity of China. It is traded as Stock on SHG exchange. More
JuneYao Dairy 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 JuneYao Dairy'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 JuneYao Dairy Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.03 | |||
| Information Ratio | 0.1504 | |||
| Maximum Drawdown | 20.16 | |||
| Value At Risk | (4.22) | |||
| Potential Upside | 9.89 |
JuneYao Dairy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JuneYao Dairy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JuneYao Dairy's standard deviation. In reality, there are many statistical measures that can use JuneYao Dairy historical prices to predict the future JuneYao Dairy's volatility.| Risk Adjusted Performance | 0.1418 | |||
| Jensen Alpha | 0.6446 | |||
| Total Risk Alpha | 0.0857 | |||
| Sortino Ratio | 0.1768 | |||
| Treynor Ratio | 11.69 |
JuneYao Dairy Backtested Returns
JuneYao Dairy appears to be slightly risky, given 3 months investment horizon. JuneYao Dairy holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. By evaluating JuneYao Dairy's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please utilize JuneYao Dairy's Market Risk Adjusted Performance of 11.7, risk adjusted performance of 0.1418, and Downside Deviation of 3.03 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JuneYao Dairy holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of 0.0557, which attests to not very significant fluctuations relative to the market. As returns on the market increase, JuneYao Dairy's returns are expected to increase less than the market. However, during the bear market, the loss of holding JuneYao Dairy is expected to be smaller as well. Please check JuneYao Dairy'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 JuneYao Dairy's current trending patterns will revert.
Auto-correlation | -0.69 |
Very good reverse predictability
JuneYao Dairy Co has very good reverse predictability. Overlapping area represents the amount of predictability between JuneYao Dairy time series from 11th of November 2024 to 26th of November 2024 and 26th of November 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 JuneYao Dairy price movement. The serial correlation of -0.69 indicates that around 69.0% of current JuneYao Dairy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
JuneYao Dairy lagged returns against current returns
Autocorrelation, which is JuneYao Dairy 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 JuneYao Dairy's stock expected returns. We can calculate the autocorrelation of JuneYao Dairy returns to help us make a trade decision. For example, suppose you find that JuneYao Dairy 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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JuneYao Dairy 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 JuneYao Dairy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JuneYao Dairy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JuneYao Dairy stock over time.
Current vs Lagged Prices |
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JuneYao Dairy Lagged Returns
When evaluating JuneYao Dairy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JuneYao Dairy stock have on its future price. JuneYao Dairy 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, JuneYao Dairy autocorrelation shows the relationship between JuneYao Dairy stock current value and its past values and can show if there is a momentum factor associated with investing in JuneYao Dairy Co.
Regressed Prices |
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Currently Active Assets on Macroaxis
Other Information on Investing in JuneYao Stock
JuneYao Dairy financial ratios help investors to determine whether JuneYao 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 JuneYao with respect to the benefits of owning JuneYao Dairy security.