Jiangsu Jiejie (China) Market Value
| 300623 Stock | 36.03 0.12 0.33% |
| Symbol | Jiangsu |
Jiangsu Jiejie '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 Jiejie'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 Jiejie.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Jiangsu Jiejie on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangsu Jiejie Microelectronics or generate 0.0% return on investment in Jiangsu Jiejie over 360 days. Jiangsu Jiejie is related to or competes with Jiangnan Mould, Zhejiang Yayi, Ye Chiu, Jiaozuo Wanfang, Xinke Material, Anhui Transport, and Chongqing Shunbo. Jiangsu Jiejie is entity of China. It is traded as Stock on SHE exchange. More
Jiangsu Jiejie 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 Jiejie'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 Jiejie Microelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.56 | |||
| Information Ratio | 0.1672 | |||
| Maximum Drawdown | 34.2 | |||
| Value At Risk | (6.79) | |||
| Potential Upside | 19.99 |
Jiangsu Jiejie Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Jiejie's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Jiejie's standard deviation. In reality, there are many statistical measures that can use Jiangsu Jiejie historical prices to predict the future Jiangsu Jiejie's volatility.| Risk Adjusted Performance | 0.1519 | |||
| Jensen Alpha | 1.29 | |||
| Total Risk Alpha | 0.1292 | |||
| Sortino Ratio | 0.2537 | |||
| Treynor Ratio | (26.93) |
Jiangsu Jiejie Micro Backtested Returns
Jiangsu Jiejie is somewhat reliable given 3 months investment horizon. Jiangsu Jiejie Micro holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% 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 1.41% are justified by taking the suggested risk. Use Jiangsu Jiejie Microelectronics Risk Adjusted Performance of 0.1519, market risk adjusted performance of (26.92), and Downside Deviation of 4.56 to evaluate company specific risk that cannot be diversified away. Jiangsu Jiejie holds a performance score of 15 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.0477, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Jiejie are expected to decrease at a much lower rate. During the bear market, Jiangsu Jiejie is likely to outperform the market. Use Jiangsu Jiejie Microelectronics 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 Jiejie Microelectronics.
Auto-correlation | 0.54 |
Modest predictability
Jiangsu Jiejie Microelectronics has modest predictability. Overlapping area represents the amount of predictability between Jiangsu Jiejie 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 Jiejie Micro price movement. The serial correlation of 0.54 indicates that about 54.0% of current Jiangsu Jiejie price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 104.09 |
Jiangsu Jiejie Micro lagged returns against current returns
Autocorrelation, which is Jiangsu Jiejie 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 Jiejie's stock expected returns. We can calculate the autocorrelation of Jiangsu Jiejie returns to help us make a trade decision. For example, suppose you find that Jiangsu Jiejie 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 Jiejie 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 Jiejie stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Jiejie stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Jiejie stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Jiejie Lagged Returns
When evaluating Jiangsu Jiejie's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Jiejie stock have on its future price. Jiangsu Jiejie 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 Jiejie autocorrelation shows the relationship between Jiangsu Jiejie stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Jiejie Microelectronics.
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 Jiejie 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 Jiejie security.