China Yuchai International Stock Market Value
| CYD Stock | USD 12.38 0.02 0.16% |
| 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 0.347 | Earnings Share 1.21 | Revenue Per Share 469.471 | Quarterly Revenue Growth 0.124 | 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.
| 07/08/2024 |
| 10/06/2024 |
If you would invest 0.00 in China Yuchai on July 8, 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 90 days. China Yuchai is related to or competes with China Automotive, China Natural, Sonida Senior, UTStarcom Holdings, and Deswell Industries. 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.
| Downside Deviation | 1.71 | |||
| Information Ratio | 0.1734 | |||
| Maximum Drawdown | 18.33 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 4.58 |
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 | 0.1838 | |||
| Jensen Alpha | 0.5739 | |||
| Total Risk Alpha | 0.2181 | |||
| Sortino Ratio | 0.2669 | |||
| Treynor Ratio | (5.03) |
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 appears to be not too volatile, given 3 months investment horizon. China Yuchai Interna secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of risk over the last 3 months. By analyzing China Yuchai's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of China Yuchai's Mean Deviation of 1.69, downside deviation of 1.71, and Risk Adjusted Performance of 0.1838 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, China Yuchai holds a performance score of 16. The firm shows a Beta (market volatility) of -0.11, 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. Please check China Yuchai's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether China Yuchai's price patterns will revert.
Auto-correlation | 0.49 |
Average predictability
China Yuchai International has average predictability. Overlapping area represents the amount of predictability between China Yuchai time series from 8th of July 2024 to 22nd of August 2024 and 22nd of August 2024 to 6th of October 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 0.49 indicates that about 49.0% of current China Yuchai price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
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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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.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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.