Jingjin Environmental (China) Market Value
| 603279 Stock | 16.80 0.11 0.66% |
| Symbol | Jingjin |
Jingjin Environmental '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 Jingjin Environmental'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 Jingjin Environmental.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Jingjin Environmental on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Jingjin Environmental Protection or generate 0.0% return on investment in Jingjin Environmental over 30 days. Jingjin Environmental is related to or competes with Hengdian Entertainment, Heilongjiang Publishing, Runjian Communication, Songz Automobile, Changjiang Publishing, Guangdong Jinma, and Wuhan Yangtze. Jingjin Environmental is entity of China More
Jingjin Environmental 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 Jingjin Environmental'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 Jingjin Environmental Protection upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.0 | |||
| Value At Risk | (2.88) | |||
| Potential Upside | 2.45 |
Jingjin Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jingjin Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jingjin Environmental's standard deviation. In reality, there are many statistical measures that can use Jingjin Environmental historical prices to predict the future Jingjin Environmental's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | 2.39 |
Jingjin Environmental Backtested Returns
Jingjin Environmental holds Efficiency (Sharpe) Ratio of -0.0811, which attests that the entity had a -0.0811 % return per unit of risk over the last 3 months. Jingjin Environmental exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jingjin Environmental's Standard Deviation of 1.63, risk adjusted performance of (0.08), and Market Risk Adjusted Performance of 2.4 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0716, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jingjin Environmental are expected to decrease at a much lower rate. During the bear market, Jingjin Environmental is likely to outperform the market. At this point, Jingjin Environmental has a negative expected return of -0.13%. Please make sure to check out Jingjin Environmental's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Jingjin Environmental performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.15 |
Insignificant predictability
Jingjin Environmental Protection has insignificant predictability. Overlapping area represents the amount of predictability between Jingjin Environmental time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st 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 Jingjin Environmental price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Jingjin Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Jingjin Environmental lagged returns against current returns
Autocorrelation, which is Jingjin Environmental 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 Jingjin Environmental's stock expected returns. We can calculate the autocorrelation of Jingjin Environmental returns to help us make a trade decision. For example, suppose you find that Jingjin Environmental 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 |
Jingjin Environmental 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 Jingjin Environmental stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jingjin Environmental stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jingjin Environmental stock over time.
Current vs Lagged Prices |
| Timeline |
Jingjin Environmental Lagged Returns
When evaluating Jingjin Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jingjin Environmental stock have on its future price. Jingjin Environmental 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, Jingjin Environmental autocorrelation shows the relationship between Jingjin Environmental stock current value and its past values and can show if there is a momentum factor associated with investing in Jingjin Environmental Protection.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jingjin Stock
Jingjin Environmental financial ratios help investors to determine whether Jingjin 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 Jingjin with respect to the benefits of owning Jingjin Environmental security.