Joincare Pharmaceutical (China) Market Value
| 600380 Stock | 11.12 0.05 0.45% |
| Symbol | Joincare |
Joincare Pharmaceutical '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 Joincare Pharmaceutical'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 Joincare Pharmaceutical.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Joincare Pharmaceutical on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Joincare Pharmaceutical Group or generate 0.0% return on investment in Joincare Pharmaceutical over 30 days. Joincare Pharmaceutical is related to or competes with CITIC Guoan, Focus Media, Shenzhen Kexin, Guangdong Brandmax, Gansu Huangtai, Datang HuaYin, and Zhuhai Comleader. Joincare Pharmaceutical is entity of China More
Joincare Pharmaceutical 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 Joincare Pharmaceutical'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 Joincare Pharmaceutical Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 14.59 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 4.39 |
Joincare Pharmaceutical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Joincare Pharmaceutical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Joincare Pharmaceutical's standard deviation. In reality, there are many statistical measures that can use Joincare Pharmaceutical historical prices to predict the future Joincare Pharmaceutical's volatility.| Risk Adjusted Performance | 0.0487 | |||
| Jensen Alpha | 0.1698 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | (0.27) |
Joincare Pharmaceutical Backtested Returns
Joincare Pharmaceutical appears to be somewhat reliable, given 3 months investment horizon. Joincare Pharmaceutical holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Joincare Pharmaceutical, which you can use to evaluate the volatility of the firm. Please utilize Joincare Pharmaceutical's Downside Deviation of 2.07, market risk adjusted performance of (0.26), and Risk Adjusted Performance of 0.0487 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Joincare Pharmaceutical holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Joincare Pharmaceutical are expected to decrease at a much lower rate. During the bear market, Joincare Pharmaceutical is likely to outperform the market. Please check Joincare Pharmaceutical's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Joincare Pharmaceutical's current trending patterns will revert.
Auto-correlation | -0.62 |
Very good reverse predictability
Joincare Pharmaceutical Group has very good reverse predictability. Overlapping area represents the amount of predictability between Joincare Pharmaceutical time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Joincare Pharmaceutical price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Joincare Pharmaceutical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Joincare Pharmaceutical lagged returns against current returns
Autocorrelation, which is Joincare Pharmaceutical 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 Joincare Pharmaceutical's stock expected returns. We can calculate the autocorrelation of Joincare Pharmaceutical returns to help us make a trade decision. For example, suppose you find that Joincare Pharmaceutical 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 |
Joincare Pharmaceutical 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 Joincare Pharmaceutical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Joincare Pharmaceutical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Joincare Pharmaceutical stock over time.
Current vs Lagged Prices |
| Timeline |
Joincare Pharmaceutical Lagged Returns
When evaluating Joincare Pharmaceutical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Joincare Pharmaceutical stock have on its future price. Joincare Pharmaceutical 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, Joincare Pharmaceutical autocorrelation shows the relationship between Joincare Pharmaceutical stock current value and its past values and can show if there is a momentum factor associated with investing in Joincare Pharmaceutical Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Joincare Stock
Joincare Pharmaceutical financial ratios help investors to determine whether Joincare 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 Joincare with respect to the benefits of owning Joincare Pharmaceutical security.