China Yuchai International Stock Market Value
| CYD Stock | USD 8.32 0.06 0.72% |
| Symbol | China |
China Yuchai Interna Price To Book Ratio
Is Construction Machinery & Heavy Transportation Equipment space 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 0.98 | Revenue Per Share 441.681 | Quarterly Revenue Growth 0.189 | Return On Assets 0.0095 |
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.
| 05/05/2024 |
| 06/04/2024 |
If you would invest 0.00 in China Yuchai on May 5, 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 30 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 | (0.07) | |||
| Maximum Drawdown | 4.14 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 1.72 |
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 | (0.04) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | 0.5411 |
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 -0.0824, which signifies that the company had a -0.0824% return per unit of risk over the last 3 months. China Yuchai International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Yuchai's Mean Deviation of 0.8389, risk adjusted performance of (0.02), and Standard Deviation of 1.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0819, 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. At this point, China Yuchai Interna has a negative expected return of -0.0839%. Please make sure to confirm China Yuchai's jensen alpha, as well as the relationship between the skewness and day median price , 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 5th of May 2024 to 20th of May 2024 and 20th of May 2024 to 4th of June 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 | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
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Additional Information and Resources on Investing in China Stock
When determining whether China Yuchai Interna is a strong investment it is important to analyze China Yuchai's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact China Yuchai's future performance. For an informed investment choice regarding China Stock, refer to the following important reports: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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.