Juewei Food (China) Market Value
| 603517 Stock | 14.76 0.01 0.07% |
| Symbol | Juewei |
Juewei Food '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 Juewei Food'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 Juewei Food.
| 12/28/2024 |
| 01/27/2025 |
If you would invest 0.00 in Juewei Food on December 28, 2024 and sell it all today you would earn a total of 0.00 from holding Juewei Food Co or generate 0.0% return on investment in Juewei Food over 30 days. Juewei Food is related to or competes with Semiconductor Manufacturing, Citic Guoan, Jiangsu Jinling, Giantec Semiconductor, Hubei Tech, Ingenic Semiconductor, and Will Semiconductor. Juewei Food is entity of China. It is traded as Stock on SHG exchange. More
Juewei Food 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 Juewei Food'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 Juewei Food Co upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (6.20) | |||
| Potential Upside | 4.92 |
Juewei Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Juewei Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Juewei Food's standard deviation. In reality, there are many statistical measures that can use Juewei Food historical prices to predict the future Juewei Food's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | 0.5953 |
Juewei Food Backtested Returns
Juewei Food holds Efficiency (Sharpe) Ratio of -0.0849, which attests that the entity had a -0.0849 % return per unit of risk over the last 3 months. Juewei Food exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Juewei Food's Risk Adjusted Performance of (0.05), standard deviation of 3.59, and Market Risk Adjusted Performance of 0.6053 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.41, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Juewei Food are expected to decrease at a much lower rate. During the bear market, Juewei Food is likely to outperform the market. At this point, Juewei Food has a negative expected return of -0.31%. Please make sure to check out Juewei Food's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Juewei Food performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Juewei Food Co has weak reverse predictability. Overlapping area represents the amount of predictability between Juewei Food time series from 28th of December 2024 to 12th of January 2025 and 12th of January 2025 to 27th 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 Juewei Food price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Juewei Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Juewei Food lagged returns against current returns
Autocorrelation, which is Juewei Food 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 Juewei Food's stock expected returns. We can calculate the autocorrelation of Juewei Food returns to help us make a trade decision. For example, suppose you find that Juewei Food 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 |
Juewei Food 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 Juewei Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Juewei Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Juewei Food stock over time.
Current vs Lagged Prices |
| Timeline |
Juewei Food Lagged Returns
When evaluating Juewei Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Juewei Food stock have on its future price. Juewei Food 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, Juewei Food autocorrelation shows the relationship between Juewei Food stock current value and its past values and can show if there is a momentum factor associated with investing in Juewei Food Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Juewei Stock
Juewei Food financial ratios help investors to determine whether Juewei 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 Juewei with respect to the benefits of owning Juewei Food security.