HeBei Jinniu (China) Market Value
| 600722 Stock | 4.96 0.10 2.06% |
| Symbol | HeBei |
HeBei Jinniu '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 HeBei Jinniu'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 HeBei Jinniu.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in HeBei Jinniu on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding HeBei Jinniu Chemical or generate 0.0% return on investment in HeBei Jinniu over 180 days. HeBei Jinniu is related to or competes with Zijin Mining. HeBei Jinniu is entity of China. It is traded as Stock on SHG exchange. More
HeBei Jinniu 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 HeBei Jinniu'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 HeBei Jinniu Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.66 | |||
| Information Ratio | 0.1299 | |||
| Maximum Drawdown | 18.79 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 4.37 |
HeBei Jinniu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HeBei Jinniu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HeBei Jinniu's standard deviation. In reality, there are many statistical measures that can use HeBei Jinniu historical prices to predict the future HeBei Jinniu's volatility.| Risk Adjusted Performance | 0.1413 | |||
| Jensen Alpha | 0.531 | |||
| Total Risk Alpha | 0.0579 | |||
| Sortino Ratio | 0.1358 | |||
| Treynor Ratio | (1.02) |
HeBei Jinniu Chemical Backtested Returns
HeBei Jinniu appears to be moderately volatile, given 3 months investment horizon. HeBei Jinniu Chemical retains Efficiency (Sharpe Ratio) of 0.19, which attests that the entity had a 0.19% return per unit of return volatility over the last 3 months. By analyzing HeBei Jinniu's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize HeBei Jinniu's Market Risk Adjusted Performance of (1.01), downside deviation of 2.66, and Semi Deviation of 2.38 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HeBei Jinniu holds a performance score of 14. The company owns a Beta (Systematic Risk) of -0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning HeBei Jinniu are expected to decrease at a much lower rate. During the bear market, HeBei Jinniu is likely to outperform the market. Please check HeBei Jinniu's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether HeBei Jinniu's current price history will revert.
Auto-correlation | -0.65 |
Very good reverse predictability
HeBei Jinniu Chemical has very good reverse predictability. Overlapping area represents the amount of predictability between HeBei Jinniu time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 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 HeBei Jinniu Chemical price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current HeBei Jinniu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
HeBei Jinniu Chemical lagged returns against current returns
Autocorrelation, which is HeBei Jinniu 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 HeBei Jinniu's stock expected returns. We can calculate the autocorrelation of HeBei Jinniu returns to help us make a trade decision. For example, suppose you find that HeBei Jinniu 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 |
HeBei Jinniu 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 HeBei Jinniu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HeBei Jinniu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HeBei Jinniu stock over time.
Current vs Lagged Prices |
| Timeline |
HeBei Jinniu Lagged Returns
When evaluating HeBei Jinniu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HeBei Jinniu stock have on its future price. HeBei Jinniu 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, HeBei Jinniu autocorrelation shows the relationship between HeBei Jinniu stock current value and its past values and can show if there is a momentum factor associated with investing in HeBei Jinniu Chemical.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HeBei Stock
HeBei Jinniu financial ratios help investors to determine whether HeBei 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 HeBei with respect to the benefits of owning HeBei Jinniu security.