Jilin Jlu (China) Market Value
| 300597 Stock | 9.16 0.16 1.78% |
| Symbol | Jilin |
Jilin Jlu '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 Jilin Jlu'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 Jilin Jlu.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Jilin Jlu on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Jilin Jlu Communication or generate 0.0% return on investment in Jilin Jlu over 510 days. Jilin Jlu is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. Jilin Jlu is entity of China. It is traded as Stock on SHE exchange. More
Jilin Jlu 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 Jilin Jlu'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 Jilin Jlu Communication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.63 | |||
| Information Ratio | 0.0785 | |||
| Maximum Drawdown | 28.63 | |||
| Value At Risk | (5.15) | |||
| Potential Upside | 6.0 |
Jilin Jlu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jilin Jlu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jilin Jlu's standard deviation. In reality, there are many statistical measures that can use Jilin Jlu historical prices to predict the future Jilin Jlu's volatility.| Risk Adjusted Performance | 0.0927 | |||
| Jensen Alpha | 0.4966 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.0678 | |||
| Treynor Ratio | (0.80) |
Jilin Jlu Communication Backtested Returns
Jilin Jlu appears to be slightly risky, given 3 months investment horizon. Jilin Jlu Communication 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. By evaluating Jilin Jlu's technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please utilize Jilin Jlu's Risk Adjusted Performance of 0.0927, market risk adjusted performance of (0.79), and Downside Deviation of 4.63 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jilin Jlu holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jilin Jlu are expected to decrease at a much lower rate. During the bear market, Jilin Jlu is likely to outperform the market. Please check Jilin Jlu's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Jilin Jlu's current trending patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Jilin Jlu Communication has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Jilin Jlu time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Jilin Jlu Communication price movement. The serial correlation of -0.78 indicates that around 78.0% of current Jilin Jlu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
Jilin Jlu Communication lagged returns against current returns
Autocorrelation, which is Jilin Jlu 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 Jilin Jlu's stock expected returns. We can calculate the autocorrelation of Jilin Jlu returns to help us make a trade decision. For example, suppose you find that Jilin Jlu 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 |
Jilin Jlu 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 Jilin Jlu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jilin Jlu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jilin Jlu stock over time.
Current vs Lagged Prices |
| Timeline |
Jilin Jlu Lagged Returns
When evaluating Jilin Jlu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jilin Jlu stock have on its future price. Jilin Jlu 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, Jilin Jlu autocorrelation shows the relationship between Jilin Jlu stock current value and its past values and can show if there is a momentum factor associated with investing in Jilin Jlu Communication.
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 Jilin Stock
Jilin Jlu financial ratios help investors to determine whether Jilin 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 Jilin with respect to the benefits of owning Jilin Jlu security.