Jiamei Food (China) Market Value
| 002969 Stock | 3.34 0.08 2.45% |
| Symbol | Jiamei |
Jiamei 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 Jiamei 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 Jiamei Food.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Jiamei Food on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Jiamei Food Packaging or generate 0.0% return on investment in Jiamei Food over 30 days. Jiamei Food is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Jiamei Food is entity of China. It is traded as Stock on SHE exchange. More
Jiamei 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 Jiamei 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 Jiamei Food Packaging upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | 0.0413 | |||
| Maximum Drawdown | 17.34 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.1 |
Jiamei Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiamei Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiamei Food's standard deviation. In reality, there are many statistical measures that can use Jiamei Food historical prices to predict the future Jiamei Food's volatility.| Risk Adjusted Performance | 0.083 | |||
| Jensen Alpha | 0.242 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0381 | |||
| Treynor Ratio | (0.91) |
Jiamei Food Packaging Backtested Returns
Jiamei Food appears to be relatively risky, given 3 months investment horizon. Jiamei Food Packaging holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jiamei Food Packaging, which you can use to evaluate the volatility of the firm. Please utilize Jiamei Food's Risk Adjusted Performance of 0.083, market risk adjusted performance of (0.90), and Downside Deviation of 2.43 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiamei Food holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiamei Food are expected to decrease at a much lower rate. During the bear market, Jiamei Food is likely to outperform the market. Please check Jiamei Food's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Jiamei Food's current trending patterns will revert.
Auto-correlation | 0.22 |
Weak predictability
Jiamei Food Packaging has weak predictability. Overlapping area represents the amount of predictability between Jiamei Food time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Jiamei Food Packaging price movement. The serial correlation of 0.22 indicates that over 22.0% of current Jiamei Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jiamei Food Packaging lagged returns against current returns
Autocorrelation, which is Jiamei 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 Jiamei Food's stock expected returns. We can calculate the autocorrelation of Jiamei Food returns to help us make a trade decision. For example, suppose you find that Jiamei 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 |
Jiamei 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 Jiamei Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiamei Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiamei Food stock over time.
Current vs Lagged Prices |
| Timeline |
Jiamei Food Lagged Returns
When evaluating Jiamei Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiamei Food stock have on its future price. Jiamei 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, Jiamei Food autocorrelation shows the relationship between Jiamei Food stock current value and its past values and can show if there is a momentum factor associated with investing in Jiamei Food Packaging.
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 Jiamei Stock
Jiamei Food financial ratios help investors to determine whether Jiamei 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 Jiamei with respect to the benefits of owning Jiamei Food security.