Jinsanjiang Silicon (China) Market Value
| 301059 Stock | 11.15 0.04 0.36% |
| Symbol | Jinsanjiang |
Jinsanjiang Silicon '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 Jinsanjiang Silicon'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 Jinsanjiang Silicon.
| 12/05/2023 |
| 11/29/2024 |
If you would invest 0.00 in Jinsanjiang Silicon on December 5, 2023 and sell it all today you would earn a total of 0.00 from holding Jinsanjiang Silicon Material or generate 0.0% return on investment in Jinsanjiang Silicon over 360 days. Jinsanjiang Silicon is related to or competes with Zijin Mining, Baoshan Iron, and Rongsheng Petrochemical. Jinsanjiang Silicon is entity of China. It is traded as Stock on SHE exchange. More
Jinsanjiang Silicon 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 Jinsanjiang Silicon'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 Jinsanjiang Silicon Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.0852 | |||
| Maximum Drawdown | 28.11 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 9.62 |
Jinsanjiang Silicon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinsanjiang Silicon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinsanjiang Silicon's standard deviation. In reality, there are many statistical measures that can use Jinsanjiang Silicon historical prices to predict the future Jinsanjiang Silicon's volatility.| Risk Adjusted Performance | 0.0944 | |||
| Jensen Alpha | 0.5419 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.1096 | |||
| Treynor Ratio | (1.77) |
Jinsanjiang Silicon Backtested Returns
Jinsanjiang Silicon appears to be slightly risky, given 3 months investment horizon. Jinsanjiang Silicon holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. By evaluating Jinsanjiang Silicon's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please utilize Jinsanjiang Silicon's Risk Adjusted Performance of 0.0944, downside deviation of 3.59, and Market Risk Adjusted Performance of (1.76) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jinsanjiang Silicon holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jinsanjiang Silicon are expected to decrease at a much lower rate. During the bear market, Jinsanjiang Silicon is likely to outperform the market. Please check Jinsanjiang Silicon's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Jinsanjiang Silicon's current trending patterns will revert.
Auto-correlation | 0.06 |
Virtually no predictability
Jinsanjiang Silicon Material has virtually no predictability. Overlapping area represents the amount of predictability between Jinsanjiang Silicon time series from 5th of December 2023 to 2nd of June 2024 and 2nd of June 2024 to 29th 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 Jinsanjiang Silicon price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Jinsanjiang Silicon price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.44 |
Jinsanjiang Silicon lagged returns against current returns
Autocorrelation, which is Jinsanjiang Silicon 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 Jinsanjiang Silicon's stock expected returns. We can calculate the autocorrelation of Jinsanjiang Silicon returns to help us make a trade decision. For example, suppose you find that Jinsanjiang Silicon 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 |
Jinsanjiang Silicon 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 Jinsanjiang Silicon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinsanjiang Silicon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinsanjiang Silicon stock over time.
Current vs Lagged Prices |
| Timeline |
Jinsanjiang Silicon Lagged Returns
When evaluating Jinsanjiang Silicon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinsanjiang Silicon stock have on its future price. Jinsanjiang Silicon 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, Jinsanjiang Silicon autocorrelation shows the relationship between Jinsanjiang Silicon stock current value and its past values and can show if there is a momentum factor associated with investing in Jinsanjiang Silicon Material.
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 Jinsanjiang Stock
Jinsanjiang Silicon financial ratios help investors to determine whether Jinsanjiang 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 Jinsanjiang with respect to the benefits of owning Jinsanjiang Silicon security.