China Yuchai International Stock Market Value
| CYD Stock | USD 8.44 0.06 0.72% |
| Symbol | China |
China Yuchai Interna Price To Book Ratio
Is China Yuchai's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of China Yuchai. If investors know China will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about China Yuchai listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.14) | Earnings Share 0.97 | Revenue Per Share 441.681 | Quarterly Revenue Growth 0.189 | Return On Assets 0.01 |
The market value of China Yuchai Interna is measured differently than its book value, which is the value of China that is recorded on the company's balance sheet. Investors also form their own opinion of China Yuchai's value that differs from its market value or its book value, called intrinsic value, which is China Yuchai's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because China Yuchai's market value can be influenced by many factors that don't directly affect China Yuchai's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between China Yuchai's value and its price as these two are different measures arrived at by different means. Investors typically determine if China Yuchai is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, China Yuchai'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.
China Yuchai '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 China Yuchai'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 China Yuchai.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in China Yuchai on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding China Yuchai International or generate 0.0% return on investment in China Yuchai over 90 days. China Yuchai is related to or competes with Parker Hannifin, Emerson Electric, Smith AO, and Watts Water. China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas ... More
China Yuchai 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 China Yuchai'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 China Yuchai International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.2 |
China Yuchai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for China Yuchai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as China Yuchai's standard deviation. In reality, there are many statistical measures that can use China Yuchai historical prices to predict the future China Yuchai's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | 9.86 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of China Yuchai's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
China Yuchai Interna Backtested Returns
China Yuchai Interna secures Sharpe Ratio (or Efficiency) of -0.0126, which signifies that the company had a -0.0126% return per unit of risk over the last 3 months. China Yuchai International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Yuchai's Risk Adjusted Performance of (0.02), standard deviation of 1.37, and Mean Deviation of 1.04 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0065, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning China Yuchai are expected to decrease at a much lower rate. During the bear market, China Yuchai is likely to outperform the market. China Yuchai Interna has an expected return of -0.0173%. Please make sure to confirm China Yuchai Interna skewness, and the relationship between the treynor ratio and rate of daily change , to decide if China Yuchai Interna performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.17 |
Insignificant reverse predictability
China Yuchai International has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Yuchai time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th of April 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 China Yuchai Interna price movement. The serial correlation of -0.17 indicates that over 17.0% of current China Yuchai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
China Yuchai Interna lagged returns against current returns
Autocorrelation, which is China Yuchai 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 China Yuchai's stock expected returns. We can calculate the autocorrelation of China Yuchai returns to help us make a trade decision. For example, suppose you find that China Yuchai 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 |
China Yuchai 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 China Yuchai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if China Yuchai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in China Yuchai stock over time.
Current vs Lagged Prices |
| Timeline |
China Yuchai Lagged Returns
When evaluating China Yuchai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of China Yuchai stock have on its future price. China Yuchai 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, China Yuchai autocorrelation shows the relationship between China Yuchai stock current value and its past values and can show if there is a momentum factor associated with investing in China Yuchai International.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards China Yuchai in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, China Yuchai's short interest history, or implied volatility extrapolated from China Yuchai options trading.
Pair Trading with China Yuchai
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Yuchai position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Yuchai will appreciate offsetting losses from the drop in the long position's value.Moving against China Stock
| 0.83 | LE | Lands End Financial Report 6th of June 2024 | PairCorr |
| 0.49 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.44 | SN | SharkNinja | PairCorr |
The ability to find closely correlated positions to China Yuchai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Yuchai when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Yuchai - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Yuchai International to buy it.
The correlation of China Yuchai is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Yuchai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Yuchai Interna moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Yuchai can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out China Yuchai Correlation, China Yuchai Volatility and China Yuchai Alpha and Beta module to complement your research on China Yuchai. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for China Stock analysis
When running China Yuchai's price analysis, check to measure China Yuchai's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy China Yuchai is operating at the current time. Most of China Yuchai's value examination focuses on studying past and present price action to predict the probability of China Yuchai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Yuchai's price. Additionally, you may evaluate how the addition of China Yuchai to your portfolios can decrease your overall portfolio volatility.
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China Yuchai technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.