Zhejiang JIULI (China) Market Value
| 002318 Stock | 24.18 0.66 2.81% |
| Symbol | Zhejiang |
Zhejiang JIULI '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 Zhejiang JIULI'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 Zhejiang JIULI.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Zhejiang JIULI on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang JIULI Hi tech or generate 0.0% return on investment in Zhejiang JIULI over 180 days. Zhejiang JIULI is related to or competes with Shaanxi Broadcast, Anhui Transport, Longjian Road, King Strong, Chengdu Xinzhu, Malion New, and Dazhong Transportation. Zhejiang JIULI is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang JIULI 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 Zhejiang JIULI'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 Zhejiang JIULI Hi tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.0734 | |||
| Maximum Drawdown | 13.74 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 5.75 |
Zhejiang JIULI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang JIULI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang JIULI's standard deviation. In reality, there are many statistical measures that can use Zhejiang JIULI historical prices to predict the future Zhejiang JIULI's volatility.| Risk Adjusted Performance | 0.1045 | |||
| Jensen Alpha | 0.3448 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0862 | |||
| Treynor Ratio | (0.74) |
Zhejiang JIULI Hi Backtested Returns
Zhejiang JIULI appears to be very steady, given 3 months investment horizon. Zhejiang JIULI Hi shows Sharpe Ratio of 0.14, which attests that the company had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Zhejiang JIULI Hi, which you can use to evaluate the volatility of the company. Please utilize Zhejiang JIULI's Downside Deviation of 2.04, market risk adjusted performance of (0.73), and Mean Deviation of 1.82 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang JIULI holds a performance score of 10. The firm maintains a market beta of -0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhejiang JIULI are expected to decrease at a much lower rate. During the bear market, Zhejiang JIULI is likely to outperform the market. Please check Zhejiang JIULI's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Zhejiang JIULI's historical returns will revert.
Auto-correlation | -0.82 |
Excellent reverse predictability
Zhejiang JIULI Hi tech has excellent reverse predictability. Overlapping area represents the amount of predictability between Zhejiang JIULI time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Zhejiang JIULI Hi price movement. The serial correlation of -0.82 indicates that around 82.0% of current Zhejiang JIULI price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 3.15 |
Zhejiang JIULI Hi lagged returns against current returns
Autocorrelation, which is Zhejiang JIULI 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 Zhejiang JIULI's stock expected returns. We can calculate the autocorrelation of Zhejiang JIULI returns to help us make a trade decision. For example, suppose you find that Zhejiang JIULI 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 |
Zhejiang JIULI 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 Zhejiang JIULI stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang JIULI stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang JIULI stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang JIULI Lagged Returns
When evaluating Zhejiang JIULI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang JIULI stock have on its future price. Zhejiang JIULI 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, Zhejiang JIULI autocorrelation shows the relationship between Zhejiang JIULI stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang JIULI Hi tech.
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 Zhejiang Stock
Zhejiang JIULI financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang JIULI security.