Jointo Energy (China) Market Value
| 000600 Stock | 5.09 0.19 3.60% |
| Symbol | Jointo |
Jointo Energy '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 Jointo Energy'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 Jointo Energy.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in Jointo Energy on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding Jointo Energy Investment or generate 0.0% return on investment in Jointo Energy over 600 days. Jointo Energy is related to or competes with Kweichow Moutai, NAURA Technology, Zhejiang Orient, APT Medical, BYD Co, Shenzhen Mindray, and Contemporary Amperex. Jointo Energy is entity of China. It is traded as Stock on SHE exchange. More
Jointo Energy 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 Jointo Energy'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 Jointo Energy Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.23 | |||
| Information Ratio | 0.0022 | |||
| Maximum Drawdown | 16.89 | |||
| Value At Risk | (3.01) | |||
| Potential Upside | 3.7 |
Jointo Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jointo Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jointo Energy's standard deviation. In reality, there are many statistical measures that can use Jointo Energy historical prices to predict the future Jointo Energy's volatility.| Risk Adjusted Performance | 0.0447 | |||
| Jensen Alpha | 0.1402 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0023 | |||
| Treynor Ratio | (0.29) |
Jointo Energy Investment Backtested Returns
Jointo Energy appears to be slightly risky, given 3 months investment horizon. Jointo Energy Investment holds Efficiency (Sharpe) Ratio of 0.0907, which attests that the entity had a 0.0907% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jointo Energy Investment, which you can use to evaluate the volatility of the firm. Please utilize Jointo Energy's Market Risk Adjusted Performance of (0.28), risk adjusted performance of 0.0447, and Downside Deviation of 2.23 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jointo Energy holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jointo Energy are expected to decrease at a much lower rate. During the bear market, Jointo Energy is likely to outperform the market. Please check Jointo Energy's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Jointo Energy's current trending patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Jointo Energy Investment has very good predictability. Overlapping area represents the amount of predictability between Jointo Energy time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 2024 to 22nd of November 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 Jointo Energy Investment price movement. The serial correlation of 0.85 indicates that around 85.0% of current Jointo Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.68 |
Jointo Energy Investment lagged returns against current returns
Autocorrelation, which is Jointo Energy 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 Jointo Energy's stock expected returns. We can calculate the autocorrelation of Jointo Energy returns to help us make a trade decision. For example, suppose you find that Jointo Energy 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 |
Jointo Energy 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 Jointo Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jointo Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jointo Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Jointo Energy Lagged Returns
When evaluating Jointo Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jointo Energy stock have on its future price. Jointo Energy 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, Jointo Energy autocorrelation shows the relationship between Jointo Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Jointo Energy Investment.
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.Other Information on Investing in Jointo Stock
Jointo Energy financial ratios help investors to determine whether Jointo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Jointo with respect to the benefits of owning Jointo Energy security.