Jiangsu Xinning (China) Market Value
| 300013 Stock | 3.98 0.08 1.97% |
| Symbol | Jiangsu |
Jiangsu Xinning '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 Xinning'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 Xinning.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Jiangsu Xinning on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Xinning Modern or generate 0.0% return on investment in Jiangsu Xinning over 30 days. Jiangsu Xinning is related to or competes with China Sports, ZYF Lopsking, Sunny Loan, Anhui Transport, Fujian Longzhou, Sportsoul, and Lander Sports. Jiangsu Xinning is entity of China. It is traded as Stock on SHE exchange. More
Jiangsu Xinning 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 Xinning'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 Xinning Modern upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.74 | |||
| Information Ratio | 0.1828 | |||
| Maximum Drawdown | 23.57 | |||
| Value At Risk | (7.60) | |||
| Potential Upside | 8.58 |
Jiangsu Xinning Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Xinning's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Xinning's standard deviation. In reality, there are many statistical measures that can use Jiangsu Xinning historical prices to predict the future Jiangsu Xinning's volatility.| Risk Adjusted Performance | 0.1682 | |||
| Jensen Alpha | 1.04 | |||
| Total Risk Alpha | 0.2461 | |||
| Sortino Ratio | 0.1585 | |||
| Treynor Ratio | (20.59) |
Jiangsu Xinning Modern Backtested Returns
Jiangsu Xinning is risky given 3 months investment horizon. Jiangsu Xinning Modern holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.17% are justified by taking the suggested risk. Use Jiangsu Xinning Modern Risk Adjusted Performance of 0.1682, market risk adjusted performance of (20.58), and Downside Deviation of 5.74 to evaluate company specific risk that cannot be diversified away. Jiangsu Xinning holds a performance score of 19 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.05, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Xinning are expected to decrease at a much lower rate. During the bear market, Jiangsu Xinning is likely to outperform the market. Use Jiangsu Xinning Modern 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 Jiangsu Xinning Modern.
Auto-correlation | 0.45 |
Average predictability
Jiangsu Xinning Modern has average predictability. Overlapping area represents the amount of predictability between Jiangsu Xinning time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Jiangsu Xinning Modern price movement. The serial correlation of 0.45 indicates that just about 45.0% of current Jiangsu Xinning price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Jiangsu Xinning Modern lagged returns against current returns
Autocorrelation, which is Jiangsu Xinning 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 Xinning's stock expected returns. We can calculate the autocorrelation of Jiangsu Xinning returns to help us make a trade decision. For example, suppose you find that Jiangsu Xinning 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 Xinning 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 Xinning stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Xinning stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Xinning stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Xinning Lagged Returns
When evaluating Jiangsu Xinning's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Xinning stock have on its future price. Jiangsu Xinning 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 Xinning autocorrelation shows the relationship between Jiangsu Xinning stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Xinning Modern.
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 Jiangsu Stock
Jiangsu Xinning 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 Xinning security.