Jiangsu Hoperun (China) Market Value
| 300339 Stock | 61.18 0.57 0.94% |
| Symbol | Jiangsu |
Jiangsu Hoperun '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 Hoperun'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 Hoperun.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Jiangsu Hoperun on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangsu Hoperun Software or generate 0.0% return on investment in Jiangsu Hoperun over 360 days. Jiangsu Hoperun is related to or competes with Agricultural Bank, China Construction, Postal Savings, Bank of Communications, Ping An, and Industrial Bank. Jiangsu Hoperun is entity of China. It is traded as Stock on SHE exchange. More
Jiangsu Hoperun 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 Hoperun'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 Hoperun Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.43 | |||
| Information Ratio | 0.244 | |||
| Maximum Drawdown | 40.0 | |||
| Value At Risk | (7.64) | |||
| Potential Upside | 20.0 |
Jiangsu Hoperun Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Hoperun's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Hoperun's standard deviation. In reality, there are many statistical measures that can use Jiangsu Hoperun historical prices to predict the future Jiangsu Hoperun's volatility.| Risk Adjusted Performance | 0.2091 | |||
| Jensen Alpha | 2.02 | |||
| Total Risk Alpha | 0.7259 | |||
| Sortino Ratio | 0.2944 | |||
| Treynor Ratio | 306.28 |
Jiangsu Hoperun Software Backtested Returns
Jiangsu Hoperun is not too volatile given 3 months investment horizon. Jiangsu Hoperun Software holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We were able to analyze twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.15% are justified by taking the suggested risk. Use Jiangsu Hoperun Software Downside Deviation of 6.43, risk adjusted performance of 0.2091, and Market Risk Adjusted Performance of 306.29 to evaluate company specific risk that cannot be diversified away. Jiangsu Hoperun holds a performance score of 20 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 0.0066, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangsu Hoperun's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu Hoperun is expected to be smaller as well. Use Jiangsu Hoperun Software 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 Hoperun Software.
Auto-correlation | -0.38 |
Poor reverse predictability
Jiangsu Hoperun Software has poor reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Hoperun time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd of December 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 Hoperun Software price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Jiangsu Hoperun price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 414.43 |
Jiangsu Hoperun Software lagged returns against current returns
Autocorrelation, which is Jiangsu Hoperun 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 Hoperun's stock expected returns. We can calculate the autocorrelation of Jiangsu Hoperun returns to help us make a trade decision. For example, suppose you find that Jiangsu Hoperun 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 Hoperun 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 Hoperun stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Hoperun stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Hoperun stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Hoperun Lagged Returns
When evaluating Jiangsu Hoperun's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Hoperun stock have on its future price. Jiangsu Hoperun 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 Hoperun autocorrelation shows the relationship between Jiangsu Hoperun stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Hoperun Software.
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 Hoperun 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 Hoperun security.