Jiangsu Expressway (China) Market Value
| 600377 Stock | 13.60 0.22 1.64% |
| Symbol | Jiangsu |
Jiangsu Expressway '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 Expressway'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 Expressway.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Jiangsu Expressway on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Expressway Co or generate 0.0% return on investment in Jiangsu Expressway over 180 days. Jiangsu Expressway is related to or competes with Industrial, China Construction, Agricultural Bank, Bank of China, PetroChina, China Merchants, and CNOOC. Jiangsu Expressway is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Expressway 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 Expressway'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 Expressway Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 14.2 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.77 |
Jiangsu Expressway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Expressway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Expressway's standard deviation. In reality, there are many statistical measures that can use Jiangsu Expressway historical prices to predict the future Jiangsu Expressway's volatility.| Risk Adjusted Performance | 0.0082 | |||
| Jensen Alpha | 0.1179 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0049 |
Jiangsu Expressway Backtested Returns
Jiangsu Expressway holds Efficiency (Sharpe) Ratio of -0.0749, which attests that the entity had a -0.0749% return per unit of risk over the last 3 months. Jiangsu Expressway exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Expressway's Risk Adjusted Performance of 0.0082, market risk adjusted performance of 0.0149, and Downside Deviation of 2.61 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.04, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Jiangsu Expressway are expected to decrease slowly. On the other hand, during market turmoil, Jiangsu Expressway is expected to outperform it slightly. At this point, Jiangsu Expressway has a negative expected return of -0.17%. Please make sure to check out Jiangsu Expressway's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to decide if Jiangsu Expressway performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Jiangsu Expressway Co has very good reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Expressway time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Expressway price movement. The serial correlation of -0.69 indicates that around 69.0% of current Jiangsu Expressway price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.28 |
Jiangsu Expressway lagged returns against current returns
Autocorrelation, which is Jiangsu Expressway 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 Expressway's stock expected returns. We can calculate the autocorrelation of Jiangsu Expressway returns to help us make a trade decision. For example, suppose you find that Jiangsu Expressway 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 Expressway 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 Expressway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Expressway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Expressway stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Expressway Lagged Returns
When evaluating Jiangsu Expressway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Expressway stock have on its future price. Jiangsu Expressway 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 Expressway autocorrelation shows the relationship between Jiangsu Expressway stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Expressway Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Expressway 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 Expressway security.