China Ming Backtesting

China Ming Yang Wind Power Group Limited -- USA Stock  

USD 2.44  2.44  9,223,372,036,855%

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

China Ming 'What if' Analysis

February 22, 2018
No Change 0.00  0.0%
In 2 months and 1 day
April 23, 2018
If you would invest  0.00  in China Ming on February 22, 2018 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 60 days. China Ming is related to or competes with Ampco Pittsburgh, Brunswick, Curtiss Wright, Deere, Newpark Resources, and NOW Inc. China Ming Yang Wind Power Group Limited designs, manufactures, sells, and services megawattclass wind turbines in the Peoples Republic of China.

China Ming Upside/Downside Indicators

Information Ratio0.1477
Maximum Drawdown662.5
Value At Risk2.86

China Ming Market Premium Indicators

Risk Adjusted Performance0.2561
Jensen Alpha14.36
Total Risk Alpha20.45
Treynor Ratio4.63

China Ming Yang Backtested Returns

Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for China Ming Yang Wind Power Group Limited which you can use to evaluate future volatility of the firm. Please confirm China Ming Yang Risk Adjusted Performance of 0.2561 and Mean Deviation of 29.45 to double-check if risk estimate we provide are consistent with the epected return of 0.0%. China Ming has performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -3.1682 which signifies that as returns on market increase, returns on owning China Ming are expected to decrease by larger amounts. On the other hand, during market turmoil, China Ming is expected to significantly outperform it.. Although it is extremely important to respect China Ming Yang historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing China Ming Yang technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future. China Ming Yang right now shows a risk of 0.0%. Please 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 will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.00 

No correlation between past and present

China Ming Yang Wind Power Group Limited has no correlation between past and present. Overlapping area represents the amount of predictability between China Ming time series from February 22, 2018 to March 24, 2018 and March 24, 2018 to April 23, 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 0.0 indicates that just 0.0% of current China Ming price fluctuation can be explain by its past prices.
Spearman Rank Test 1.0
Average Price 2.44
Lagged Average Price 2.44

China Ming Yang lagged returns against current returns

 Current and Lagged Values 

China Ming regressed lagged prices vs. current prices

 Current vs Lagged Prices 

China Ming Lagged Returns

 Regressed Prices 

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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. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.