Jiangsu Zhongshe (China) Market Value
| 002883 Stock | 11.08 0.34 2.98% |
| Symbol | Jiangsu |
Jiangsu Zhongshe '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 Zhongshe'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 Zhongshe.
| 03/12/2023 |
| 03/01/2025 |
If you would invest 0.00 in Jiangsu Zhongshe on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangsu Zhongshe Group or generate 0.0% return on investment in Jiangsu Zhongshe over 720 days. Jiangsu Zhongshe is related to or competes with Industrial, China Construction, Bank of China Limited, Agricultural Bank, PetroChina, China Mobile, and Ping An. Jiangsu Zhongshe is entity of China. It is traded as Stock on SHE exchange. More
Jiangsu Zhongshe 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 Zhongshe'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 Zhongshe Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.99 | |||
| Information Ratio | 0.0233 | |||
| Maximum Drawdown | 16.42 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 5.02 |
Jiangsu Zhongshe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Zhongshe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Zhongshe's standard deviation. In reality, there are many statistical measures that can use Jiangsu Zhongshe historical prices to predict the future Jiangsu Zhongshe's volatility.| Risk Adjusted Performance | 0.0217 | |||
| Jensen Alpha | 0.0423 | |||
| Total Risk Alpha | 0.1458 | |||
| Sortino Ratio | 0.0241 | |||
| Treynor Ratio | (0.17) |
Jiangsu Zhongshe Backtested Returns
Jiangsu Zhongshe holds Efficiency (Sharpe) Ratio of -0.0104, which attests that the entity had a -0.0104 % return per unit of risk over the last 3 months. Jiangsu Zhongshe exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Zhongshe's Downside Deviation of 2.99, market risk adjusted performance of (0.16), and Risk Adjusted Performance of 0.0217 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Zhongshe are expected to decrease at a much lower rate. During the bear market, Jiangsu Zhongshe is likely to outperform the market. At this point, Jiangsu Zhongshe has a negative expected return of -0.0323%. Please make sure to check out Jiangsu Zhongshe's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Jiangsu Zhongshe performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.23 |
Weak reverse predictability
Jiangsu Zhongshe Group has weak reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Zhongshe time series from 12th of March 2023 to 6th of March 2024 and 6th of March 2024 to 1st of March 2025. 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 Zhongshe price movement. The serial correlation of -0.23 indicates that over 23.0% of current Jiangsu Zhongshe price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.23 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
Jiangsu Zhongshe lagged returns against current returns
Autocorrelation, which is Jiangsu Zhongshe 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 Zhongshe's stock expected returns. We can calculate the autocorrelation of Jiangsu Zhongshe returns to help us make a trade decision. For example, suppose you find that Jiangsu Zhongshe 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 Zhongshe 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 Zhongshe stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Zhongshe stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Zhongshe stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Zhongshe Lagged Returns
When evaluating Jiangsu Zhongshe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Zhongshe stock have on its future price. Jiangsu Zhongshe 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 Zhongshe autocorrelation shows the relationship between Jiangsu Zhongshe stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Zhongshe Group.
Regressed Prices |
| Timeline |
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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 Zhongshe 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 Zhongshe security.