Zhejiang Jingsheng (China) Market Value
| 300316 Stock | 34.08 0.72 2.07% |
| Symbol | Zhejiang |
Zhejiang Jingsheng '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 Zhejiang Jingsheng'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 Zhejiang Jingsheng.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Zhejiang Jingsheng on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Zhejiang Jingsheng Mech or generate 0.0% return on investment in Zhejiang Jingsheng over 30 days. Zhejiang Jingsheng is related to or competes with Shenzhen Kexin, Shandong Huifa, Ligao Foods, Dr Peng, Guangzhou Haige, Shantou Wanshun, and China Satellite. Zhejiang Jingsheng is entity of China. It is traded as Stock on SHE exchange. More
Zhejiang Jingsheng 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 Zhejiang Jingsheng'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 Zhejiang Jingsheng Mech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.72 | |||
| Information Ratio | 0.0833 | |||
| Maximum Drawdown | 30.26 | |||
| Value At Risk | (5.53) | |||
| Potential Upside | 9.56 |
Zhejiang Jingsheng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhejiang Jingsheng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhejiang Jingsheng's standard deviation. In reality, there are many statistical measures that can use Zhejiang Jingsheng historical prices to predict the future Zhejiang Jingsheng's volatility.| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | 0.6064 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | 0.116 | |||
| Treynor Ratio | (1.06) |
Zhejiang Jingsheng Mech Backtested Returns
Zhejiang Jingsheng appears to be not too volatile, given 3 months investment horizon. Zhejiang Jingsheng Mech shows Sharpe Ratio of 0.15, which attests that the company had a 0.15% return per unit of risk over the last 3 months. By examining Zhejiang Jingsheng's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize Zhejiang Jingsheng's Market Risk Adjusted Performance of (1.05), downside deviation of 3.72, and Mean Deviation of 3.5 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Zhejiang Jingsheng holds a performance score of 11. The firm maintains a market beta of -0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Zhejiang Jingsheng are expected to decrease at a much lower rate. During the bear market, Zhejiang Jingsheng is likely to outperform the market. Please check Zhejiang Jingsheng's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Zhejiang Jingsheng's historical returns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Zhejiang Jingsheng Mech has good reverse predictability. Overlapping area represents the amount of predictability between Zhejiang Jingsheng time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Zhejiang Jingsheng Mech price movement. The serial correlation of -0.53 indicates that about 53.0% of current Zhejiang Jingsheng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 4.33 |
Zhejiang Jingsheng Mech lagged returns against current returns
Autocorrelation, which is Zhejiang Jingsheng 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 Zhejiang Jingsheng's stock expected returns. We can calculate the autocorrelation of Zhejiang Jingsheng returns to help us make a trade decision. For example, suppose you find that Zhejiang Jingsheng 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 |
Zhejiang Jingsheng 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 Zhejiang Jingsheng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhejiang Jingsheng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhejiang Jingsheng stock over time.
Current vs Lagged Prices |
| Timeline |
Zhejiang Jingsheng Lagged Returns
When evaluating Zhejiang Jingsheng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhejiang Jingsheng stock have on its future price. Zhejiang Jingsheng 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, Zhejiang Jingsheng autocorrelation shows the relationship between Zhejiang Jingsheng stock current value and its past values and can show if there is a momentum factor associated with investing in Zhejiang Jingsheng Mech.
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 Zhejiang Stock
Zhejiang Jingsheng financial ratios help investors to determine whether Zhejiang 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 Zhejiang with respect to the benefits of owning Zhejiang Jingsheng security.