Bank of Jiangsu (China) Market Value
| 600919 Stock | 8.88 0.02 0.23% |
| Symbol | Bank |
Bank of Jiangsu '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 Bank of Jiangsu'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 Bank of Jiangsu.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Bank of Jiangsu on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Bank of Jiangsu or generate 0.0% return on investment in Bank of Jiangsu over 30 days. Bank of Jiangsu is related to or competes with North Huajin, Jiajia Food, Milkyway Chemical, Nantong Jiangshan, Youyou Foods, Xilong Chemical, and Liuzhou Chemical. Bank of Jiangsu is entity of China. It is traded as Stock on SHG exchange. More
Bank of Jiangsu 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 Bank of Jiangsu'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 Bank of Jiangsu upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.04 | |||
| Information Ratio | 0.0609 | |||
| Maximum Drawdown | 11.14 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 3.7 |
Bank of Jiangsu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank of Jiangsu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank of Jiangsu's standard deviation. In reality, there are many statistical measures that can use Bank of Jiangsu historical prices to predict the future Bank of Jiangsu's volatility.| Risk Adjusted Performance | 0.102 | |||
| Jensen Alpha | 0.302 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.061 | |||
| Treynor Ratio | (0.52) |
Bank of Jiangsu Backtested Returns
At this point, Bank of Jiangsu is somewhat reliable. Bank of Jiangsu secures Sharpe Ratio (or Efficiency) of 0.0732, which signifies that the company had a 0.0732% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Bank of Jiangsu, which you can use to evaluate the volatility of the firm. Please confirm Bank of Jiangsu's Risk Adjusted Performance of 0.102, mean deviation of 1.43, and Downside Deviation of 2.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Bank of Jiangsu has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.47, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Bank of Jiangsu are expected to decrease at a much lower rate. During the bear market, Bank of Jiangsu is likely to outperform the market. Bank of Jiangsu right now shows a risk of 2.12%. Please confirm Bank of Jiangsu information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Bank of Jiangsu will be following its price patterns.
Auto-correlation | 0.42 |
Average predictability
Bank of Jiangsu has average predictability. Overlapping area represents the amount of predictability between Bank of Jiangsu time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Bank of Jiangsu price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Bank of Jiangsu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Bank of Jiangsu lagged returns against current returns
Autocorrelation, which is Bank of Jiangsu 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 Bank of Jiangsu's stock expected returns. We can calculate the autocorrelation of Bank of Jiangsu returns to help us make a trade decision. For example, suppose you find that Bank of Jiangsu 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 |
Bank of Jiangsu 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 Bank of Jiangsu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank of Jiangsu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank of Jiangsu stock over time.
Current vs Lagged Prices |
| Timeline |
Bank of Jiangsu Lagged Returns
When evaluating Bank of Jiangsu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank of Jiangsu stock have on its future price. Bank of Jiangsu 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, Bank of Jiangsu autocorrelation shows the relationship between Bank of Jiangsu stock current value and its past values and can show if there is a momentum factor associated with investing in Bank of Jiangsu.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bank Stock
Bank of Jiangsu financial ratios help investors to determine whether Bank 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 Bank with respect to the benefits of owning Bank of Jiangsu security.