ZJBC Information (China) Market Value
| 000889 Stock | 2.29 0.05 2.23% |
| Symbol | ZJBC |
ZJBC Information '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 ZJBC Information'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 ZJBC Information.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in ZJBC Information on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding ZJBC Information Technology or generate 0.0% return on investment in ZJBC Information over 30 days. ZJBC Information is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, Beijing Roborock, Anhui Gujing, and NAURA Technology. ZJBC Information is entity of China. It is traded as Stock on SHE exchange. More
ZJBC Information 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 ZJBC Information'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 ZJBC Information Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.74 | |||
| Information Ratio | 0.1117 | |||
| Maximum Drawdown | 10.12 | |||
| Value At Risk | (4.50) | |||
| Potential Upside | 4.15 |
ZJBC Information Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZJBC Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ZJBC Information's standard deviation. In reality, there are many statistical measures that can use ZJBC Information historical prices to predict the future ZJBC Information's volatility.| Risk Adjusted Performance | 0.1256 | |||
| Jensen Alpha | 0.3461 | |||
| Total Risk Alpha | 0.0527 | |||
| Sortino Ratio | 0.1018 | |||
| Treynor Ratio | 1.17 |
ZJBC Information Tec Backtested Returns
ZJBC Information appears to be unstable, given 3 months investment horizon. ZJBC Information Tec retains Efficiency (Sharpe Ratio) of 0.28, which attests that the company had a 0.28% return per unit of volatility over the last 3 months. By analyzing ZJBC Information's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize ZJBC Information's Market Risk Adjusted Performance of 1.18, standard deviation of 2.5, and Mean Deviation of 2.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ZJBC Information holds a performance score of 22. The firm owns a Beta (Systematic Risk) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZJBC Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZJBC Information is expected to be smaller as well. Please check ZJBC Information's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether ZJBC Information's current price history will revert.
Auto-correlation | 0.07 |
Virtually no predictability
ZJBC Information Technology has virtually no predictability. Overlapping area represents the amount of predictability between ZJBC Information time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 ZJBC Information Tec price movement. The serial correlation of 0.07 indicates that barely 7.0% of current ZJBC Information price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ZJBC Information Tec lagged returns against current returns
Autocorrelation, which is ZJBC Information 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 ZJBC Information's stock expected returns. We can calculate the autocorrelation of ZJBC Information returns to help us make a trade decision. For example, suppose you find that ZJBC Information 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 |
ZJBC Information 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 ZJBC Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ZJBC Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ZJBC Information stock over time.
Current vs Lagged Prices |
| Timeline |
ZJBC Information Lagged Returns
When evaluating ZJBC Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ZJBC Information stock have on its future price. ZJBC Information 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, ZJBC Information autocorrelation shows the relationship between ZJBC Information stock current value and its past values and can show if there is a momentum factor associated with investing in ZJBC Information Technology.
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 ZJBC Stock
ZJBC Information financial ratios help investors to determine whether ZJBC 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 ZJBC with respect to the benefits of owning ZJBC Information security.