Zhongjing Food (China) Market Value
| 300908 Stock | 30.09 0.39 1.28% |
| Symbol | Zhongjing |
Zhongjing Food '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 Zhongjing Food'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 Zhongjing Food.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Zhongjing Food on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Zhongjing Food Co or generate 0.0% return on investment in Zhongjing Food over 180 days. Zhongjing Food is related to or competes with Shanghai Yanpu, Chongqing Shunbo, Dazhong Transportation, CITIC Metal, Shuhua Sports, Zhejiang Yongjin, and Shandong Hongchuang. Zhongjing Food is entity of China. It is traded as Stock on SHE exchange. More
Zhongjing Food 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 Zhongjing Food'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 Zhongjing Food Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.98 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 17.1 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 5.31 |
Zhongjing Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zhongjing Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Zhongjing Food's standard deviation. In reality, there are many statistical measures that can use Zhongjing Food historical prices to predict the future Zhongjing Food's volatility.| Risk Adjusted Performance | 0.0235 | |||
| Jensen Alpha | 0.0284 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1981 |
Zhongjing Food Backtested Returns
Zhongjing Food shows Sharpe Ratio of -0.059, which attests that the company had a -0.059 % return per unit of risk over the last 3 months. Zhongjing Food exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Zhongjing Food's Market Risk Adjusted Performance of 0.2081, mean deviation of 2.32, and Downside Deviation of 2.98 to validate the risk estimate we provide. The firm maintains a market beta of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Zhongjing Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Zhongjing Food is expected to be smaller as well. At this point, Zhongjing Food has a negative expected return of -0.15%. Please make sure to check out Zhongjing Food's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Zhongjing Food performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.54 |
Good reverse predictability
Zhongjing Food Co has good reverse predictability. Overlapping area represents the amount of predictability between Zhongjing Food time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Zhongjing Food price movement. The serial correlation of -0.54 indicates that about 54.0% of current Zhongjing Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 3.76 |
Zhongjing Food lagged returns against current returns
Autocorrelation, which is Zhongjing Food 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 Zhongjing Food's stock expected returns. We can calculate the autocorrelation of Zhongjing Food returns to help us make a trade decision. For example, suppose you find that Zhongjing Food 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 |
Zhongjing Food 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 Zhongjing Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Zhongjing Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Zhongjing Food stock over time.
Current vs Lagged Prices |
| Timeline |
Zhongjing Food Lagged Returns
When evaluating Zhongjing Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Zhongjing Food stock have on its future price. Zhongjing Food 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, Zhongjing Food autocorrelation shows the relationship between Zhongjing Food stock current value and its past values and can show if there is a momentum factor associated with investing in Zhongjing Food Co.
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 Zhongjing Stock
Zhongjing Food financial ratios help investors to determine whether Zhongjing 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 Zhongjing with respect to the benefits of owning Zhongjing Food security.