Jiajia Food (China) Market Value
| 002650 Stock | 4.43 0.21 4.98% |
| Symbol | Jiajia |
Jiajia Food '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 Jiajia Food'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 Jiajia Food.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Jiajia Food on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Jiajia Food Group or generate 0.0% return on investment in Jiajia Food over 30 days. Jiajia Food is related to or competes with Lutian Machinery, PetroChina, Bank of China, Gansu Jiu, Ming Yang, Aba Chemicals, and Inner Mongolia. Jiajia Food is entity of China. It is traded as Stock on SHE exchange. More
Jiajia Food 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 Jiajia Food'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 Jiajia Food Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.3434 | |||
| Maximum Drawdown | 10.28 | |||
| Value At Risk | (4.96) | |||
| Potential Upside | 5.13 |
Jiajia Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiajia Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiajia Food's standard deviation. In reality, there are many statistical measures that can use Jiajia Food historical prices to predict the future Jiajia Food's volatility.| Risk Adjusted Performance | 0.2956 | |||
| Jensen Alpha | 1.46 | |||
| Total Risk Alpha | 0.8737 | |||
| Sortino Ratio | 0.3226 | |||
| Treynor Ratio | 35.67 |
Jiajia Food Group Backtested Returns
Jiajia Food is relatively risky given 3 months investment horizon. Jiajia Food Group holds Efficiency (Sharpe) Ratio of 0.34, which attests that the entity had a 0.34% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 1.3% are justified by taking the suggested risk. Use Jiajia Food Group Risk Adjusted Performance of 0.2956, downside deviation of 4.19, and Market Risk Adjusted Performance of 35.68 to evaluate company specific risk that cannot be diversified away. Jiajia Food holds a performance score of 26 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0411, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiajia Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiajia Food is expected to be smaller as well. Use Jiajia Food Group market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to analyze future returns on Jiajia Food Group.
Auto-correlation | -0.85 |
Excellent reverse predictability
Jiajia Food Group has excellent reverse predictability. Overlapping area represents the amount of predictability between Jiajia Food time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Jiajia Food Group price movement. The serial correlation of -0.85 indicates that around 85.0% of current Jiajia Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Jiajia Food Group lagged returns against current returns
Autocorrelation, which is Jiajia Food 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 Jiajia Food's stock expected returns. We can calculate the autocorrelation of Jiajia Food returns to help us make a trade decision. For example, suppose you find that Jiajia Food 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 |
Jiajia Food 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 Jiajia Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiajia Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiajia Food stock over time.
Current vs Lagged Prices |
| Timeline |
Jiajia Food Lagged Returns
When evaluating Jiajia Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiajia Food stock have on its future price. Jiajia Food 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, Jiajia Food autocorrelation shows the relationship between Jiajia Food stock current value and its past values and can show if there is a momentum factor associated with investing in Jiajia Food Group.
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 Jiajia Stock
Jiajia Food financial ratios help investors to determine whether Jiajia 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 Jiajia with respect to the benefits of owning Jiajia Food security.