Jinhui Mining (China) Market Value
| 603132 Stock | 11.67 0.08 0.68% |
| Symbol | Jinhui |
Jinhui Mining '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 Jinhui Mining'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 Jinhui Mining.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Jinhui Mining on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Jinhui Mining Co or generate 0.0% return on investment in Jinhui Mining over 30 days. Jinhui Mining is related to or competes with Panda Financial, Gome Telecom, Guangdong Qunxing, China Everbright, Sunwave Communications, Goldlok Toys, and Nanjing Putian. Jinhui Mining is entity of China. It is traded as Stock on SHG exchange. More
Jinhui Mining 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 Jinhui Mining'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 Jinhui Mining Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.68 |
Jinhui Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinhui Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinhui Mining's standard deviation. In reality, there are many statistical measures that can use Jinhui Mining historical prices to predict the future Jinhui Mining's volatility.| Risk Adjusted Performance | 0.0266 | |||
| Jensen Alpha | 0.0794 | |||
| Total Risk Alpha | (0.32) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.23) |
Jinhui Mining Backtested Returns
At this point, Jinhui Mining is somewhat reliable. Jinhui Mining holds Efficiency (Sharpe) Ratio of 0.0457, which attests that the entity had a 0.0457% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jinhui Mining, which you can use to evaluate the volatility of the firm. Please check out Jinhui Mining's Downside Deviation of 2.4, risk adjusted performance of 0.0266, and Market Risk Adjusted Performance of (0.22) to validate if the risk estimate we provide is consistent with the expected return of 0.12%. Jinhui Mining has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jinhui Mining are expected to decrease at a much lower rate. During the bear market, Jinhui Mining is likely to outperform the market. Jinhui Mining right now retains a risk of 2.55%. Please check out Jinhui Mining information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Jinhui Mining will be following its current trending patterns.
Auto-correlation | -0.1 |
Very weak reverse predictability
Jinhui Mining Co has very weak reverse predictability. Overlapping area represents the amount of predictability between Jinhui Mining time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Jinhui Mining price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Jinhui Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Jinhui Mining lagged returns against current returns
Autocorrelation, which is Jinhui Mining 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 Jinhui Mining's stock expected returns. We can calculate the autocorrelation of Jinhui Mining returns to help us make a trade decision. For example, suppose you find that Jinhui Mining 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 |
Jinhui Mining 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 Jinhui Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinhui Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinhui Mining stock over time.
Current vs Lagged Prices |
| Timeline |
Jinhui Mining Lagged Returns
When evaluating Jinhui Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinhui Mining stock have on its future price. Jinhui Mining 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, Jinhui Mining autocorrelation shows the relationship between Jinhui Mining stock current value and its past values and can show if there is a momentum factor associated with investing in Jinhui Mining Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jinhui Stock
Jinhui Mining financial ratios help investors to determine whether Jinhui 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 Jinhui with respect to the benefits of owning Jinhui Mining security.