Jiangsu Yike (China) Market Value
| 301116 Stock | 13.69 0.30 2.24% |
| Symbol | Jiangsu |
Jiangsu Yike '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 Yike'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 Yike.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Jiangsu Yike on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Yike Food or generate 0.0% return on investment in Jiangsu Yike over 30 days. Jiangsu Yike is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and 3onedata. Jiangsu Yike is entity of China. It is traded as Stock on SHE exchange. More
Jiangsu Yike 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 Yike'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 Yike Food upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.42 | |||
| Information Ratio | 0.1338 | |||
| Maximum Drawdown | 25.58 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 5.96 |
Jiangsu Yike Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Yike's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Yike's standard deviation. In reality, there are many statistical measures that can use Jiangsu Yike historical prices to predict the future Jiangsu Yike's volatility.| Risk Adjusted Performance | 0.1372 | |||
| Jensen Alpha | 0.5632 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.1533 | |||
| Treynor Ratio | 0.9432 |
Jiangsu Yike Food Backtested Returns
Jiangsu Yike appears to be somewhat reliable, given 3 months investment horizon. Jiangsu Yike Food holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Jiangsu Yike's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please utilize Jiangsu Yike's Downside Deviation of 3.42, risk adjusted performance of 0.1372, and Market Risk Adjusted Performance of 0.9532 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Yike holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jiangsu Yike's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu Yike is expected to be smaller as well. Please check Jiangsu Yike's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Jiangsu Yike's current trending patterns will revert.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Jiangsu Yike Food has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Yike time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Jiangsu Yike Food price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Jiangsu Yike price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.56 |
Jiangsu Yike Food lagged returns against current returns
Autocorrelation, which is Jiangsu Yike 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 Yike's stock expected returns. We can calculate the autocorrelation of Jiangsu Yike returns to help us make a trade decision. For example, suppose you find that Jiangsu Yike 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 Yike 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 Yike stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Yike stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Yike stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Yike Lagged Returns
When evaluating Jiangsu Yike's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Yike stock have on its future price. Jiangsu Yike 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 Yike autocorrelation shows the relationship between Jiangsu Yike stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Yike Food.
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 Yike 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 Yike security.