Jinduicheng Molybdenum (China) Market Value
| 601958 Stock | 10.51 0.06 0.57% |
| Symbol | Jinduicheng |
Jinduicheng Molybdenum '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 Jinduicheng Molybdenum'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 Jinduicheng Molybdenum.
| 04/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in Jinduicheng Molybdenum on April 6, 2024 and sell it all today you would earn a total of 0.00 from holding Jinduicheng Molybdenum Co or generate 0.0% return on investment in Jinduicheng Molybdenum over 240 days. Jinduicheng Molybdenum is related to or competes with Allgens Medical, DO Home, Shenzhen Glory, Blue Sail, UE Furniture, and Ningbo Homelink. Jinduicheng Molybdenum is entity of China More
Jinduicheng Molybdenum 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 Jinduicheng Molybdenum'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 Jinduicheng Molybdenum Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 12.7 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 3.63 |
Jinduicheng Molybdenum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinduicheng Molybdenum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinduicheng Molybdenum's standard deviation. In reality, there are many statistical measures that can use Jinduicheng Molybdenum historical prices to predict the future Jinduicheng Molybdenum's volatility.| Risk Adjusted Performance | 0.0564 | |||
| Jensen Alpha | 0.152 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.47) |
Jinduicheng Molybdenum Backtested Returns
At this point, Jinduicheng Molybdenum is not too volatile. Jinduicheng Molybdenum holds Efficiency (Sharpe) Ratio of 0.0747, which attests that the entity had a 0.0747% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jinduicheng Molybdenum, which you can use to evaluate the volatility of the firm. Please check out Jinduicheng Molybdenum's Market Risk Adjusted Performance of (0.46), risk adjusted performance of 0.0564, and Downside Deviation of 1.54 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. Jinduicheng Molybdenum has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jinduicheng Molybdenum are expected to decrease at a much lower rate. During the bear market, Jinduicheng Molybdenum is likely to outperform the market. Jinduicheng Molybdenum right now retains a risk of 2.06%. Please check out Jinduicheng Molybdenum downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Jinduicheng Molybdenum will be following its current trending patterns.
Auto-correlation | -0.54 |
Good reverse predictability
Jinduicheng Molybdenum Co has good reverse predictability. Overlapping area represents the amount of predictability between Jinduicheng Molybdenum time series from 6th of April 2024 to 4th of August 2024 and 4th of August 2024 to 2nd of December 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 Jinduicheng Molybdenum price movement. The serial correlation of -0.54 indicates that about 54.0% of current Jinduicheng Molybdenum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Jinduicheng Molybdenum lagged returns against current returns
Autocorrelation, which is Jinduicheng Molybdenum 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 Jinduicheng Molybdenum's stock expected returns. We can calculate the autocorrelation of Jinduicheng Molybdenum returns to help us make a trade decision. For example, suppose you find that Jinduicheng Molybdenum 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 |
Jinduicheng Molybdenum 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 Jinduicheng Molybdenum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinduicheng Molybdenum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinduicheng Molybdenum stock over time.
Current vs Lagged Prices |
| Timeline |
Jinduicheng Molybdenum Lagged Returns
When evaluating Jinduicheng Molybdenum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinduicheng Molybdenum stock have on its future price. Jinduicheng Molybdenum 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, Jinduicheng Molybdenum autocorrelation shows the relationship between Jinduicheng Molybdenum stock current value and its past values and can show if there is a momentum factor associated with investing in Jinduicheng Molybdenum Co.
Regressed Prices |
| Timeline |
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Other Information on Investing in Jinduicheng Stock
Jinduicheng Molybdenum financial ratios help investors to determine whether Jinduicheng 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 Jinduicheng with respect to the benefits of owning Jinduicheng Molybdenum security.