China Ming Backtesting

China Ming Yang Wind Power Group Limited -- USA Stock  

USD 0.35  0.04  10.26%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of China Ming Yang Wind Power Group Limited and determine expected loss or profit from investing in China Ming over given investment horizon. Please see also China Ming Hype Analysis, China Ming Correlation, China Ming Valuation, China Ming Volatility as well as analyze China Ming Alpha and Beta and China Ming Performance
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

China Ming 'What if' Analysis

December 21, 2017
0.00
No Change 0.00  0.0%
In 30 days
January 20, 2018
0.00
If you would invest  0.00  in China Ming on December 21, 2017 and sell it all today you would earn a total of 0.00 from holding China Ming Yang Wind Power Group Limited or generate 0.0% return on investment in China Ming over 30 days. China Ming is related to or competes with Ampco Pittsburgh, Brunswick, Curtiss Wright, Deere, Newpark Resources. China Ming Yang Wind Power Group Limited offer wind turbines with a rated power capacity of 1.5MW and 2.0MW 2.53.0MW SCD...

China Ming Upside/Downside Indicators

  

China Ming Market Premium Indicators

China Ming Yang lagged returns against current returns

 Current and Lagged Values 
      Timeline 

China Ming regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

China Ming Yang Backtested Returns

Macroaxis considers China Ming to be abnormally risky. China Ming Yang secures Sharpe Ratio (or Efficiency) of -0.0535 which signifies that China Ming Yang had -0.0535% of return per unit of risk over the last 1 month. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. China Ming Yang Wind Power Group Limited exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm China Ming Yang Risk Adjusted Performance of (0.023063) and Mean Deviation of 6.22 to double-check risk estimate we provide. Macroaxis gives China Ming performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 1.034 which signifies that China Ming returns are very sensitive to returns on the market. as market goes up or down, China Ming is expected to follow.. Even though it is essential to pay attention to China Ming Yang historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. China Ming Yang Wind Power Group Limited exposes twenty-one different technical indicators which can help you to evaluate its performance. China Ming Yang has expected return of -0.5068%. Please be advised to confirm China Ming Yang Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to decide if China Ming Yang past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.11) 

Insignificant reverse predictability

China Ming Yang Wind Power Group Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between China Ming time series from December 21, 2017 to January 5, 2018 and January 5, 2018 to January 20, 2018. 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 Ming Yang price movement. The serial correlation of -0.11 indicates that less than 11.0% of current China Ming price fluctuation can be explain by its past prices. Given that China Ming Yang Wind Power Group Limited has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of China Ming for similar time interval.
Correlation Coefficient -0.11
Spearman Rank Test 0.8
Average Price 0.36
Lagged Average Price 0.38

China Ming Lagged Returns

 Regressed Prices 
      Timeline 

China Ming Performance vs DOW

The median price of China Ming for the period between Thu, Dec 21, 2017 and Sat, Jan 20, 2018 is 0.39 with a coefficient of variation of 10.54. The daily time series for the period is distributed with a sample standard deviation of 0.04, arithmetic mean of 0.39, and mean deviation of 0.03. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
China Ming Yang Wind Power Group Raised to Neutral at Bank o...01/17/2018