Jointo Energy's market value is the price at which a share of Jointo Energy trades on a public exchange. It measures the collective expectations of Jointo Energy Investment investors about its performance. Jointo Energy is trading at 5.09 as of the 18th of January 2025, a 0.39 percent increase since the beginning of the trading day. The stock's open price was 5.07. With this module, you can estimate the performance of a buy and hold strategy of Jointo Energy Investment and determine expected loss or profit from investing in Jointo Energy over a given investment horizon. Check out Jointo Energy Correlation, Jointo Energy Volatility and Jointo Energy Alpha and Beta module to complement your research on Jointo Energy.
Please note, there is a significant difference between Jointo Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jointo Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jointo Energy'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.
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.
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12/19/2024
No Change 0.00
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In 31 days
01/18/2025
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If you would invest 0.00 in Jointo Energy on December 19, 2024 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 30 days. Jointo Energy is related to or competes with Tibet Huayu, North Copper, Hainan Mining, China Minmetals, Chengtun Mining, Changjiang Jinggong, and Fujian Nanwang. 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.
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.
At this point, Jointo Energy is slightly risky. Jointo Energy Investment holds Efficiency (Sharpe) Ratio of 0.0256, which attests that the entity had a 0.0256% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jointo Energy Investment, which you can use to evaluate the volatility of the firm. Please check out Jointo Energy's Risk Adjusted Performance of 0.0329, downside deviation of 2.53, and Market Risk Adjusted Performance of 0.2595 to validate if the risk estimate we provide is consistent with the expected return of 0.0686%. Jointo Energy has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jointo Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jointo Energy is expected to be smaller as well. Jointo Energy Investment right now retains a risk of 2.68%. Please check out Jointo Energy semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Jointo Energy will be following its current trending patterns.
Auto-correlation
-0.4
Poor reverse predictability
Jointo Energy Investment has poor reverse predictability. Overlapping area represents the amount of predictability between Jointo Energy time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 -0.4 indicates that just about 40.0% of current Jointo Energy price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.4
Spearman Rank Test
-0.17
Residual Average
0.0
Price Variance
0.01
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.
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.