Jiugui Liquor (China) Market Value
| 000799 Stock | 55.77 2.52 4.32% |
| Symbol | Jiugui |
Jiugui Liquor '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 Jiugui Liquor'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 Jiugui Liquor.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Jiugui Liquor on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Jiugui Liquor Co or generate 0.0% return on investment in Jiugui Liquor over 180 days. Jiugui Liquor is related to or competes with Aluminum Corp, COL Digital, Shaanxi Meineng, Gansu Huangtai, Lushang Property, and Threes Company. Jiugui Liquor is entity of China. It is traded as Stock on SHE exchange. More
Jiugui Liquor 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 Jiugui Liquor'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 Jiugui Liquor Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.79 | |||
| Information Ratio | 0.1357 | |||
| Maximum Drawdown | 19.06 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 10.0 |
Jiugui Liquor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiugui Liquor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiugui Liquor's standard deviation. In reality, there are many statistical measures that can use Jiugui Liquor historical prices to predict the future Jiugui Liquor's volatility.| Risk Adjusted Performance | 0.1326 | |||
| Jensen Alpha | 0.5985 | |||
| Total Risk Alpha | 0.1206 | |||
| Sortino Ratio | 0.1936 | |||
| Treynor Ratio | 1.55 |
Jiugui Liquor Backtested Returns
Jiugui Liquor appears to be very steady, given 3 months investment horizon. Jiugui Liquor holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. By evaluating Jiugui Liquor's technical indicators, you can evaluate if the expected return of 0.85% is justified by implied risk. Please utilize Jiugui Liquor's Downside Deviation of 2.79, risk adjusted performance of 0.1326, and Market Risk Adjusted Performance of 1.56 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiugui Liquor holds a performance score of 15. The company retains a Market Volatility (i.e., Beta) of 0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jiugui Liquor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiugui Liquor is expected to be smaller as well. Please check Jiugui Liquor's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Jiugui Liquor's current trending patterns will revert.
Auto-correlation | -0.87 |
Excellent reverse predictability
Jiugui Liquor Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Jiugui Liquor time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Jiugui Liquor price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Jiugui Liquor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 92.24 |
Jiugui Liquor lagged returns against current returns
Autocorrelation, which is Jiugui Liquor 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 Jiugui Liquor's stock expected returns. We can calculate the autocorrelation of Jiugui Liquor returns to help us make a trade decision. For example, suppose you find that Jiugui Liquor 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 |
Jiugui Liquor 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 Jiugui Liquor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiugui Liquor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiugui Liquor stock over time.
Current vs Lagged Prices |
| Timeline |
Jiugui Liquor Lagged Returns
When evaluating Jiugui Liquor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiugui Liquor stock have on its future price. Jiugui Liquor 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, Jiugui Liquor autocorrelation shows the relationship between Jiugui Liquor stock current value and its past values and can show if there is a momentum factor associated with investing in Jiugui Liquor Co.
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 Jiugui Stock
Jiugui Liquor financial ratios help investors to determine whether Jiugui 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 Jiugui with respect to the benefits of owning Jiugui Liquor security.