Yangzijiang Shipbuilding Stock Market Value
| YSHLF Stock | USD 1.22 0.09 6.87% |
| Symbol | Yangzijiang |
Yangzijiang Shipbuilding '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 Yangzijiang Shipbuilding's pink sheet 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 Yangzijiang Shipbuilding.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in Yangzijiang Shipbuilding on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding Yangzijiang Shipbuilding or generate 0.0% return on investment in Yangzijiang Shipbuilding over 30 days. Yangzijiang Shipbuilding is related to or competes with Raytheon Technologies, Lockheed Martin, Boeing, General Dynamics, Northrop Grumman, and Transdigm Group. Yangzijiang Shipbuilding Ltd., an investment holding company, engages in the shipbuilding activities in the Peoples Repu... More
Yangzijiang Shipbuilding 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 Yangzijiang Shipbuilding's pink sheet 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 Yangzijiang Shipbuilding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.84 | |||
| Information Ratio | 0.0111 | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (3.91) | |||
| Potential Upside | 4.24 |
Yangzijiang Shipbuilding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yangzijiang Shipbuilding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yangzijiang Shipbuilding's standard deviation. In reality, there are many statistical measures that can use Yangzijiang Shipbuilding historical prices to predict the future Yangzijiang Shipbuilding's volatility.| Risk Adjusted Performance | 0.0346 | |||
| Jensen Alpha | 0.0425 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0057 | |||
| Treynor Ratio | 0.1234 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yangzijiang Shipbuilding'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.
Yangzijiang Shipbuilding Backtested Returns
We consider Yangzijiang Shipbuilding very risky. Yangzijiang Shipbuilding shows Sharpe Ratio of 0.0435, which attests that the company had a 0.0435% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Yangzijiang Shipbuilding, which you can use to evaluate the volatility of the company. Please check out Yangzijiang Shipbuilding's Mean Deviation of 1.21, market risk adjusted performance of 0.1334, and Downside Deviation of 4.84 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Yangzijiang Shipbuilding has a performance score of 3 on a scale of 0 to 100. The firm maintains a market beta of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Yangzijiang Shipbuilding's returns are expected to increase less than the market. However, during the bear market, the loss of holding Yangzijiang Shipbuilding is expected to be smaller as well. Yangzijiang Shipbuilding right now maintains a risk of 2.54%. Please check out Yangzijiang Shipbuilding daily balance of power, price action indicator, as well as the relationship between the semi variance and maximum drawdown , to decide if Yangzijiang Shipbuilding will be following its historical returns.
Auto-correlation | -0.26 |
Weak reverse predictability
Yangzijiang Shipbuilding has weak reverse predictability. Overlapping area represents the amount of predictability between Yangzijiang Shipbuilding time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Yangzijiang Shipbuilding price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Yangzijiang Shipbuilding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Yangzijiang Shipbuilding lagged returns against current returns
Autocorrelation, which is Yangzijiang Shipbuilding pink sheet'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 Yangzijiang Shipbuilding's pink sheet expected returns. We can calculate the autocorrelation of Yangzijiang Shipbuilding returns to help us make a trade decision. For example, suppose you find that Yangzijiang Shipbuilding has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
Yangzijiang Shipbuilding 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 Yangzijiang Shipbuilding pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yangzijiang Shipbuilding pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yangzijiang Shipbuilding pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Yangzijiang Shipbuilding Lagged Returns
When evaluating Yangzijiang Shipbuilding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yangzijiang Shipbuilding pink sheet have on its future price. Yangzijiang Shipbuilding 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, Yangzijiang Shipbuilding autocorrelation shows the relationship between Yangzijiang Shipbuilding pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Yangzijiang Shipbuilding.
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 Yangzijiang Shipbuilding 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, Yangzijiang Shipbuilding's short interest history, or implied volatility extrapolated from Yangzijiang Shipbuilding options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Yangzijiang Shipbuilding Correlation, Yangzijiang Shipbuilding Volatility and Yangzijiang Shipbuilding Alpha and Beta module to complement your research on Yangzijiang Shipbuilding. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Yangzijiang Pink Sheet analysis
When running Yangzijiang Shipbuilding's price analysis, check to measure Yangzijiang Shipbuilding'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 Yangzijiang Shipbuilding is operating at the current time. Most of Yangzijiang Shipbuilding's value examination focuses on studying past and present price action to predict the probability of Yangzijiang Shipbuilding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yangzijiang Shipbuilding's price. Additionally, you may evaluate how the addition of Yangzijiang Shipbuilding to your portfolios can decrease your overall portfolio volatility.
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Yangzijiang Shipbuilding technical pink sheet 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, pink sheet market cycles, or different charting patterns.