Jiangsu Zhongtian's market value is the price at which a share of Jiangsu Zhongtian trades on a public exchange. It measures the collective expectations of Jiangsu Zhongtian Technology investors about its performance. Jiangsu Zhongtian is trading at 13.12 as of the 12th of January 2025, a 1.8 percent decrease since the beginning of the trading day. The stock's open price was 13.36. With this module, you can estimate the performance of a buy and hold strategy of Jiangsu Zhongtian Technology and determine expected loss or profit from investing in Jiangsu Zhongtian over a given investment horizon. Check out Jiangsu Zhongtian Correlation, Jiangsu Zhongtian Volatility and Jiangsu Zhongtian Alpha and Beta module to complement your research on Jiangsu Zhongtian.
Please note, there is a significant difference between Jiangsu Zhongtian's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jiangsu Zhongtian is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jiangsu Zhongtian's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Jiangsu Zhongtian '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 Zhongtian'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 Zhongtian.
0.00
01/23/2023
No Change 0.00
0.0
In 1 year 11 months and 21 days
01/12/2025
0.00
If you would invest 0.00 in Jiangsu Zhongtian on January 23, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangsu Zhongtian Technology or generate 0.0% return on investment in Jiangsu Zhongtian over 720 days. Jiangsu Zhongtian is related to or competes with Shanghai Yaoji, Sinomach General, Shannon Semiconductor, Shanghai V, Shuhua Sports, and Masterwork Machinery. Jiangsu Zhongtian is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Zhongtian 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 Zhongtian'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 Zhongtian Technology upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Zhongtian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Zhongtian's standard deviation. In reality, there are many statistical measures that can use Jiangsu Zhongtian historical prices to predict the future Jiangsu Zhongtian's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jiangsu Zhongtian. Your research has to be compared to or analyzed against Jiangsu Zhongtian's peers to derive any actionable benefits. When done correctly, Jiangsu Zhongtian's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Jiangsu Zhongtian.
Jiangsu Zhongtian Backtested Returns
Jiangsu Zhongtian holds Efficiency (Sharpe) Ratio of -0.089, which attests that the entity had a -0.089% return per unit of risk over the last 3 months. Jiangsu Zhongtian exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Zhongtian's Market Risk Adjusted Performance of (2.66), standard deviation of 2.18, and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.0843, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangsu Zhongtian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu Zhongtian is expected to be smaller as well. At this point, Jiangsu Zhongtian has a negative expected return of -0.19%. Please make sure to check out Jiangsu Zhongtian's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Jiangsu Zhongtian performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.2
Insignificant reverse predictability
Jiangsu Zhongtian Technology has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Zhongtian time series from 23rd of January 2023 to 18th of January 2024 and 18th of January 2024 to 12th of January 2025. 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 Zhongtian price movement. The serial correlation of -0.2 indicates that over 20.0% of current Jiangsu Zhongtian price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.2
Spearman Rank Test
-0.42
Residual Average
0.0
Price Variance
1.84
Jiangsu Zhongtian lagged returns against current returns
Autocorrelation, which is Jiangsu Zhongtian 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 Zhongtian's stock expected returns. We can calculate the autocorrelation of Jiangsu Zhongtian returns to help us make a trade decision. For example, suppose you find that Jiangsu Zhongtian 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 Zhongtian 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 Zhongtian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Zhongtian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Zhongtian stock over time.
Current vs Lagged Prices
Timeline
Jiangsu Zhongtian Lagged Returns
When evaluating Jiangsu Zhongtian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Zhongtian stock have on its future price. Jiangsu Zhongtian 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 Zhongtian autocorrelation shows the relationship between Jiangsu Zhongtian stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Zhongtian Technology.
Jiangsu Zhongtian 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 Zhongtian security.