Sichuan Jinshi (China) Market Value
| 002951 Stock | 6.98 0.07 1.01% |
| Symbol | Sichuan |
Sichuan Jinshi '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 Sichuan Jinshi'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 Sichuan Jinshi.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sichuan Jinshi on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Sichuan Jinshi Technology or generate 0.0% return on investment in Sichuan Jinshi over 180 days. Sichuan Jinshi is related to or competes with HaiXin Foods, State Grid, Liuzhou Chemical, Milkyway Chemical, North Huajin, Anji Foodstuff, and Hubei Dinglong. Sichuan Jinshi is entity of China. It is traded as Stock on SHE exchange. More
Sichuan Jinshi 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 Sichuan Jinshi'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 Sichuan Jinshi Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.97 | |||
| Information Ratio | 0.2544 | |||
| Maximum Drawdown | 10.34 | |||
| Value At Risk | (4.78) | |||
| Potential Upside | 5.06 |
Sichuan Jinshi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sichuan Jinshi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sichuan Jinshi's standard deviation. In reality, there are many statistical measures that can use Sichuan Jinshi historical prices to predict the future Sichuan Jinshi's volatility.| Risk Adjusted Performance | 0.2333 | |||
| Jensen Alpha | 1.01 | |||
| Total Risk Alpha | 0.4295 | |||
| Sortino Ratio | 0.2686 | |||
| Treynor Ratio | (1.22) |
Sichuan Jinshi Technology Backtested Returns
Sichuan Jinshi appears to be slightly risky, given 3 months investment horizon. Sichuan Jinshi Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.27, which indicates the firm had a 0.27% return per unit of risk over the last 3 months. By inspecting Sichuan Jinshi's technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please review Sichuan Jinshi's Coefficient Of Variation of 338.49, semi deviation of 2.19, and Risk Adjusted Performance of 0.2333 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sichuan Jinshi holds a performance score of 21. The entity has a beta of -0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sichuan Jinshi are expected to decrease at a much lower rate. During the bear market, Sichuan Jinshi is likely to outperform the market. Please check Sichuan Jinshi'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 Sichuan Jinshi's existing price patterns will revert.
Auto-correlation | -0.86 |
Excellent reverse predictability
Sichuan Jinshi Technology has excellent reverse predictability. Overlapping area represents the amount of predictability between Sichuan Jinshi time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Sichuan Jinshi Technology price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Sichuan Jinshi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
Sichuan Jinshi Technology lagged returns against current returns
Autocorrelation, which is Sichuan Jinshi 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 Sichuan Jinshi's stock expected returns. We can calculate the autocorrelation of Sichuan Jinshi returns to help us make a trade decision. For example, suppose you find that Sichuan Jinshi 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 |
Sichuan Jinshi 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 Sichuan Jinshi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sichuan Jinshi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sichuan Jinshi stock over time.
Current vs Lagged Prices |
| Timeline |
Sichuan Jinshi Lagged Returns
When evaluating Sichuan Jinshi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sichuan Jinshi stock have on its future price. Sichuan Jinshi 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, Sichuan Jinshi autocorrelation shows the relationship between Sichuan Jinshi stock current value and its past values and can show if there is a momentum factor associated with investing in Sichuan Jinshi Technology.
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 Sichuan Stock
Sichuan Jinshi financial ratios help investors to determine whether Sichuan 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 Sichuan with respect to the benefits of owning Sichuan Jinshi security.