China Yuchai International Stock Market Value

CYD Stock  USD 8.31  0.04  0.48%   
China Yuchai's market value is the price at which a share of China Yuchai trades on a public exchange. It measures the collective expectations of China Yuchai International investors about its performance. China Yuchai is trading at 8.31 as of the 19th of April 2024, a -0.48 percent decrease since the beginning of the trading day. The stock's lowest day price was 8.2.
With this module, you can estimate the performance of a buy and hold strategy of China Yuchai International and determine expected loss or profit from investing in China Yuchai over a given investment horizon. Check out China Yuchai Correlation, China Yuchai Volatility and China Yuchai Alpha and Beta module to complement your research on China Yuchai.
Symbol

China Yuchai Interna Price To Book Ratio

Is China Yuchai'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 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
0.97
Revenue Per Share
441.681
Quarterly Revenue Growth
0.189
Return On Assets
0.01
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.
0.00
02/19/2024
No Change 0.00  0.0 
In 2 months and 2 days
04/19/2024
0.00
If you would invest  0.00  in China Yuchai on February 19, 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 60 days. China Yuchai is related to or competes with Foresight Autonomous, Hyliion Holdings, American Axle, Gentex, Luminar Technologies, Quantumscape Corp, and Kandi Technologies. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
6.968.329.68
Details
Intrinsic
Valuation
LowRealHigh
7.4810.5711.93
Details
Naive
Forecast
LowNextHigh
7.118.469.82
Details
2 Analysts
Consensus
LowTargetHigh
13.0014.2915.86
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as China Yuchai. Your research has to be compared to or analyzed against China Yuchai's peers to derive any actionable benefits. When done correctly, China Yuchai's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in China Yuchai Interna.

China Yuchai Interna Backtested Returns

China Yuchai Interna secures Sharpe Ratio (or Efficiency) of -0.0335, which signifies that the company had a -0.0335% return per unit of risk over the last 3 months. China Yuchai International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm China Yuchai's Standard Deviation of 1.38, risk adjusted performance of (0.04), and Mean Deviation of 1.03 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, 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. China Yuchai Interna has an expected return of -0.0454%. Please make sure to confirm China Yuchai Interna skewness, and the relationship between the treynor ratio and rate of daily change , to decide if China Yuchai Interna performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.24  

Weak reverse predictability

China Yuchai International has weak reverse predictability. Overlapping area represents the amount of predictability between China Yuchai time series from 19th of February 2024 to 20th of March 2024 and 20th of March 2024 to 19th 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 China Yuchai Interna price movement. The serial correlation of -0.24 indicates that over 24.0% of current China Yuchai price fluctuation can be explain by its past prices.
Correlation Coefficient-0.24
Spearman Rank Test-0.38
Residual Average0.0
Price Variance0.04

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  

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 China Yuchai 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, China Yuchai's short interest history, or implied volatility extrapolated from China Yuchai options trading.

Pair Trading with China Yuchai

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if China Yuchai position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in China Yuchai will appreciate offsetting losses from the drop in the long position's value.

Moving against China Stock

  0.64IGC India GlobalizationPairCorr
  0.52FSTR LB Foster Financial Report 14th of May 2024 PairCorr
  0.5FIP FTAI InfrastructurePairCorr
  0.48WAB Westinghouse Air Brake Earnings Call This WeekPairCorr
The ability to find closely correlated positions to China Yuchai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China Yuchai when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back China Yuchai - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling China Yuchai International to buy it.
The correlation of China Yuchai is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as China Yuchai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if China Yuchai Interna moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for China Yuchai can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for China Stock analysis

When running China Yuchai's price analysis, check to measure China Yuchai'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 China Yuchai is operating at the current time. Most of China Yuchai's value examination focuses on studying past and present price action to predict the probability of China Yuchai's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move China Yuchai's price. Additionally, you may evaluate how the addition of China Yuchai to your portfolios can decrease your overall portfolio volatility.
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Commodity Directory
Find actively traded commodities issued by global exchanges
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting 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.
A focus of China Yuchai technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of China Yuchai trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...