Jiangxi Selon (China) Market Value
| 002748 Stock | 7.67 0.10 1.32% |
| Symbol | Jiangxi |
Jiangxi Selon '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 Jiangxi Selon'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 Jiangxi Selon.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Jiangxi Selon on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangxi Selon Industrial or generate 0.0% return on investment in Jiangxi Selon over 480 days. Jiangxi Selon is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Jiangxi Selon is entity of China. It is traded as Stock on SHE exchange. More
Jiangxi Selon 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 Jiangxi Selon'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 Jiangxi Selon Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 8.86 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 3.91 |
Jiangxi Selon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangxi Selon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangxi Selon's standard deviation. In reality, there are many statistical measures that can use Jiangxi Selon historical prices to predict the future Jiangxi Selon's volatility.| Risk Adjusted Performance | 0.1374 | |||
| Jensen Alpha | 0.3669 | |||
| Total Risk Alpha | 0.038 | |||
| Sortino Ratio | 0.1264 | |||
| Treynor Ratio | 5.45 |
Jiangxi Selon Industrial Backtested Returns
Jiangxi Selon appears to be somewhat reliable, given 3 months investment horizon. Jiangxi Selon Industrial holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. By evaluating Jiangxi Selon's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Jiangxi Selon's Market Risk Adjusted Performance of 5.46, downside deviation of 2.06, and Risk Adjusted Performance of 0.1374 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangxi Selon holds a performance score of 20. The company retains a Market Volatility (i.e., Beta) of 0.0688, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangxi Selon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangxi Selon is expected to be smaller as well. Please check Jiangxi Selon's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Jiangxi Selon's current trending patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Jiangxi Selon Industrial has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jiangxi Selon time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Jiangxi Selon Industrial price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Jiangxi Selon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.66 |
Jiangxi Selon Industrial lagged returns against current returns
Autocorrelation, which is Jiangxi Selon 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 Jiangxi Selon's stock expected returns. We can calculate the autocorrelation of Jiangxi Selon returns to help us make a trade decision. For example, suppose you find that Jiangxi Selon 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 |
Jiangxi Selon 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 Jiangxi Selon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangxi Selon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangxi Selon stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangxi Selon Lagged Returns
When evaluating Jiangxi Selon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangxi Selon stock have on its future price. Jiangxi Selon 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, Jiangxi Selon autocorrelation shows the relationship between Jiangxi Selon stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangxi Selon Industrial.
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 Jiangxi Stock
Jiangxi Selon financial ratios help investors to determine whether Jiangxi 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 Jiangxi with respect to the benefits of owning Jiangxi Selon security.