Yirendai Stock Market Value
| YRD Stock | USD 5.08 0.06 1.20% |
| Symbol | Yirendai |
Yirendai Price To Book Ratio
Is Yirendai'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 Yirendai. If investors know Yirendai 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 Yirendai 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 0.194 | Earnings Share 3.08 | Revenue Per Share 55.396 | Quarterly Revenue Growth 0.171 | Return On Assets 0.1724 |
The market value of Yirendai is measured differently than its book value, which is the value of Yirendai that is recorded on the company's balance sheet. Investors also form their own opinion of Yirendai's value that differs from its market value or its book value, called intrinsic value, which is Yirendai'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 Yirendai's market value can be influenced by many factors that don't directly affect Yirendai'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 Yirendai's value and its price as these two are different measures arrived at by different means. Investors typically determine if Yirendai is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Yirendai'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.
Yirendai '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 Yirendai'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 Yirendai.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Yirendai on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Yirendai or generate 0.0% return on investment in Yirendai over 30 days. Yirendai is related to or competes with Lexinfintech Holdings, FinVolution, 360 Finance, Navient Corp, Sentage Holdings, Lufax Holding, and Atlanticus Holdings. Yiren Digital Ltd., through its subsidiaries, operates as an online consumer finance marketplace that connects borrowers... More
Yirendai 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 Yirendai'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 Yirendai upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.79 | |||
| Information Ratio | 0.0666 | |||
| Maximum Drawdown | 29.03 | |||
| Value At Risk | (7.89) | |||
| Potential Upside | 7.6 |
Yirendai Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Yirendai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Yirendai's standard deviation. In reality, there are many statistical measures that can use Yirendai historical prices to predict the future Yirendai's volatility.| Risk Adjusted Performance | 0.0624 | |||
| Jensen Alpha | 0.1369 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | 0.0682 | |||
| Treynor Ratio | 0.1278 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Yirendai'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.
Yirendai Backtested Returns
Yirendai appears to be very risky, given 3 months investment horizon. Yirendai shows Sharpe Ratio of 0.0448, which attests that the company had a 0.0448% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Yirendai, which you can use to evaluate the volatility of the company. Please utilize Yirendai's Downside Deviation of 4.79, mean deviation of 3.65, and Market Risk Adjusted Performance of 0.1378 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Yirendai holds a performance score of 3. The firm maintains a market beta of 3.22, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Yirendai will likely underperform. Please check Yirendai's downside variance, as well as the relationship between the accumulation distribution and price action indicator , to make a quick decision on whether Yirendai's historical returns will revert.
Auto-correlation | -0.21 |
Weak reverse predictability
Yirendai has weak reverse predictability. Overlapping area represents the amount of predictability between Yirendai time series from 26th of March 2024 to 10th of April 2024 and 10th of April 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 Yirendai price movement. The serial correlation of -0.21 indicates that over 21.0% of current Yirendai price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Yirendai lagged returns against current returns
Autocorrelation, which is Yirendai 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 Yirendai's stock expected returns. We can calculate the autocorrelation of Yirendai returns to help us make a trade decision. For example, suppose you find that Yirendai 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 |
Yirendai 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 Yirendai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Yirendai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Yirendai stock over time.
Current vs Lagged Prices |
| Timeline |
Yirendai Lagged Returns
When evaluating Yirendai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Yirendai stock have on its future price. Yirendai 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, Yirendai autocorrelation shows the relationship between Yirendai stock current value and its past values and can show if there is a momentum factor associated with investing in Yirendai.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Yirendai is a strong investment it is important to analyze Yirendai'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 Yirendai's future performance. For an informed investment choice regarding Yirendai Stock, refer to the following important reports:Check out Yirendai Correlation, Yirendai Volatility and Yirendai Alpha and Beta module to complement your research on Yirendai. For information on how to trade Yirendai Stock refer to our How to Trade Yirendai Stock guide.You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Yirendai Stock analysis
When running Yirendai's price analysis, check to measure Yirendai'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 Yirendai is operating at the current time. Most of Yirendai's value examination focuses on studying past and present price action to predict the probability of Yirendai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yirendai's price. Additionally, you may evaluate how the addition of Yirendai to your portfolios can decrease your overall portfolio volatility.
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Yirendai 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.