Jiangsu Changfa (China) Market Value
| 002413 Stock | 4.80 0.02 0.41% |
| Symbol | Jiangsu |
Jiangsu Changfa '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 Jiangsu Changfa'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 Jiangsu Changfa.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Jiangsu Changfa on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Jiangsu Changfa Refrigeration or generate 0.0% return on investment in Jiangsu Changfa over 720 days. Jiangsu Changfa is related to or competes with Postal Savings, Chahua Modern, Harbin Hatou, MayAir Technology, China Life, Shanghai Metersbonwe, and Tieling Newcity. Jiangsu Changfa is entity of China. It is traded as Stock on SHE exchange. More
Jiangsu Changfa 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 Jiangsu Changfa'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 Jiangsu Changfa Refrigeration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.43 | |||
| Information Ratio | 0.1185 | |||
| Maximum Drawdown | 18.54 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 5.58 |
Jiangsu Changfa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Changfa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Changfa's standard deviation. In reality, there are many statistical measures that can use Jiangsu Changfa historical prices to predict the future Jiangsu Changfa's volatility.| Risk Adjusted Performance | 0.1292 | |||
| Jensen Alpha | 0.5431 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1174 | |||
| Treynor Ratio | (5.50) |
Jiangsu Changfa Refr Backtested Returns
Jiangsu Changfa appears to be relatively risky, given 3 months investment horizon. Jiangsu Changfa Refr holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Jiangsu Changfa's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize Jiangsu Changfa's Downside Deviation of 3.43, market risk adjusted performance of (5.49), and Risk Adjusted Performance of 0.1292 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Changfa holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.0965, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Changfa are expected to decrease at a much lower rate. During the bear market, Jiangsu Changfa is likely to outperform the market. Please check Jiangsu Changfa's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Jiangsu Changfa's current trending patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Jiangsu Changfa Refrigeration has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Changfa time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Jiangsu Changfa Refr price movement. The serial correlation of -0.17 indicates that over 17.0% of current Jiangsu Changfa price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.41 |
Jiangsu Changfa Refr lagged returns against current returns
Autocorrelation, which is Jiangsu Changfa 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 Jiangsu Changfa's stock expected returns. We can calculate the autocorrelation of Jiangsu Changfa returns to help us make a trade decision. For example, suppose you find that Jiangsu Changfa 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 |
Jiangsu Changfa 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 Jiangsu Changfa stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Changfa stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Changfa stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Changfa Lagged Returns
When evaluating Jiangsu Changfa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Changfa stock have on its future price. Jiangsu Changfa 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, Jiangsu Changfa autocorrelation shows the relationship between Jiangsu Changfa stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Changfa Refrigeration.
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 Jiangsu Stock
Jiangsu Changfa financial ratios help investors to determine whether Jiangsu 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 Jiangsu with respect to the benefits of owning Jiangsu Changfa security.