Jiangxi Copper (China) Market Value
| 600362 Stock | 20.86 0.34 1.60% |
| Symbol | Jiangxi |
Jiangxi Copper '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 Jiangxi Copper'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 Jiangxi Copper.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Jiangxi Copper on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangxi Copper Co or generate 0.0% return on investment in Jiangxi Copper over 30 days. Jiangxi Copper is related to or competes with Jiangsu Yueda, Northking Information, Vanfund Urban, Cultural Investment, Jiujiang Shanshui, Saurer Intelligent, and Yuan Longping. Jiangxi Copper is entity of China. It is traded as Stock on SHG exchange. More
Jiangxi Copper 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 Jiangxi Copper'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 Jiangxi Copper Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 17.1 | |||
| Value At Risk | (3.18) | |||
| Potential Upside | 3.95 |
Jiangxi Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangxi Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangxi Copper's standard deviation. In reality, there are many statistical measures that can use Jiangxi Copper historical prices to predict the future Jiangxi Copper's volatility.| Risk Adjusted Performance | 0.0264 | |||
| Jensen Alpha | 0.0939 | |||
| Total Risk Alpha | (0.30) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.13) |
Jiangxi Copper Backtested Returns
At this point, Jiangxi Copper is not too volatile. Jiangxi Copper holds Efficiency (Sharpe) Ratio of 0.0501, which attests that the entity had a 0.0501% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jiangxi Copper, which you can use to evaluate the volatility of the firm. Please check out Jiangxi Copper's Downside Deviation of 2.37, market risk adjusted performance of (0.12), and Risk Adjusted Performance of 0.0264 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Jiangxi Copper has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jiangxi Copper are expected to decrease at a much lower rate. During the bear market, Jiangxi Copper is likely to outperform the market. Jiangxi Copper right now retains a risk of 2.46%. Please check out Jiangxi Copper downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Jiangxi Copper will be following its current trending patterns.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Jiangxi Copper Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jiangxi Copper time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Jiangxi Copper price movement. The serial correlation of -0.17 indicates that over 17.0% of current Jiangxi Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Jiangxi Copper lagged returns against current returns
Autocorrelation, which is Jiangxi Copper 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 Jiangxi Copper's stock expected returns. We can calculate the autocorrelation of Jiangxi Copper returns to help us make a trade decision. For example, suppose you find that Jiangxi Copper 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 |
Jiangxi Copper 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 Jiangxi Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangxi Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangxi Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangxi Copper Lagged Returns
When evaluating Jiangxi Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangxi Copper stock have on its future price. Jiangxi Copper 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, Jiangxi Copper autocorrelation shows the relationship between Jiangxi Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangxi Copper Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangxi Stock
Jiangxi Copper financial ratios help investors to determine whether Jiangxi 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 Jiangxi with respect to the benefits of owning Jiangxi Copper security.