Jinan Acetate (Taiwan) Market Value
| 4763 Stock | TWD 853.00 6.00 0.71% |
| Symbol | Jinan |
Jinan Acetate '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 Jinan Acetate'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 Jinan Acetate.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Jinan Acetate on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Jinan Acetate Chemical or generate 0.0% return on investment in Jinan Acetate over 360 days. Jinan Acetate is related to or competes with San Fu, Tex Year, Concraft Holding, Coremax Corp, and Nan Pao. Jinan Acetate Chemical Co., Ltd. produces and sells nylon air textured yarns, cellulose acetate tows, and cellulose acet... More
Jinan Acetate 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 Jinan Acetate'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 Jinan Acetate Chemical upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 16.09 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 4.13 |
Jinan Acetate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinan Acetate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinan Acetate's standard deviation. In reality, there are many statistical measures that can use Jinan Acetate historical prices to predict the future Jinan Acetate's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | (0.22) |
Jinan Acetate Chemical Backtested Returns
Jinan Acetate Chemical holds Efficiency (Sharpe) Ratio of -0.0142, which attests that the entity had a -0.0142% return per unit of risk over the last 3 months. Jinan Acetate Chemical exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jinan Acetate's Standard Deviation of 2.42, market risk adjusted performance of (0.21), and Risk Adjusted Performance of (0.01) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jinan Acetate's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jinan Acetate is expected to be smaller as well. At this point, Jinan Acetate Chemical has a negative expected return of -0.0345%. Please make sure to check out Jinan Acetate's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Jinan Acetate Chemical performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Jinan Acetate Chemical has insignificant predictability. Overlapping area represents the amount of predictability between Jinan Acetate time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Jinan Acetate Chemical price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Jinan Acetate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1538.92 |
Jinan Acetate Chemical lagged returns against current returns
Autocorrelation, which is Jinan Acetate 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 Jinan Acetate's stock expected returns. We can calculate the autocorrelation of Jinan Acetate returns to help us make a trade decision. For example, suppose you find that Jinan Acetate 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 |
Jinan Acetate 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 Jinan Acetate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinan Acetate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinan Acetate stock over time.
Current vs Lagged Prices |
| Timeline |
Jinan Acetate Lagged Returns
When evaluating Jinan Acetate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinan Acetate stock have on its future price. Jinan Acetate 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, Jinan Acetate autocorrelation shows the relationship between Jinan Acetate stock current value and its past values and can show if there is a momentum factor associated with investing in Jinan Acetate Chemical.
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.Additional Tools for Jinan Stock Analysis
When running Jinan Acetate's price analysis, check to measure Jinan Acetate's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jinan Acetate is operating at the current time. Most of Jinan Acetate's value examination focuses on studying past and present price action to predict the probability of Jinan Acetate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jinan Acetate's price. Additionally, you may evaluate how the addition of Jinan Acetate to your portfolios can decrease your overall portfolio volatility.