Jiangsu Pacific's market value is the price at which a share of Jiangsu Pacific trades on a public exchange. It measures the collective expectations of Jiangsu Pacific Quartz investors about its performance. Jiangsu Pacific is trading at 26.33 as of the 1st of February 2025, a 3.62 percent decrease since the beginning of the trading day. The stock's open price was 27.32. With this module, you can estimate the performance of a buy and hold strategy of Jiangsu Pacific Quartz and determine expected loss or profit from investing in Jiangsu Pacific over a given investment horizon. Check out Jiangsu Pacific Correlation, Jiangsu Pacific Volatility and Jiangsu Pacific Alpha and Beta module to complement your research on Jiangsu Pacific.
Please note, there is a significant difference between Jiangsu Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jiangsu Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jiangsu Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Jiangsu Pacific '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 Jiangsu Pacific'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 Jiangsu Pacific.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jiangsu Pacific'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 Jiangsu Pacific Quartz upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Pacific's standard deviation. In reality, there are many statistical measures that can use Jiangsu Pacific historical prices to predict the future Jiangsu Pacific's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jiangsu Pacific. Your research has to be compared to or analyzed against Jiangsu Pacific's peers to derive any actionable benefits. When done correctly, Jiangsu Pacific's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Jiangsu Pacific Quartz.
Jiangsu Pacific Quartz Backtested Returns
Jiangsu Pacific Quartz holds Efficiency (Sharpe) Ratio of -0.084, which attests that the entity had a -0.084 % return per unit of risk over the last 3 months. Jiangsu Pacific Quartz exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Pacific's Risk Adjusted Performance of (0.09), market risk adjusted performance of 66.57, and Standard Deviation of 2.23 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0042, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Pacific are expected to decrease at a much lower rate. During the bear market, Jiangsu Pacific is likely to outperform the market. At this point, Jiangsu Pacific Quartz has a negative expected return of -0.19%. Please make sure to check out Jiangsu Pacific's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Jiangsu Pacific Quartz performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.49
Modest reverse predictability
Jiangsu Pacific Quartz has modest reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Pacific time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 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 Jiangsu Pacific Quartz price movement. The serial correlation of -0.49 indicates that about 49.0% of current Jiangsu Pacific price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.49
Spearman Rank Test
-0.28
Residual Average
0.0
Price Variance
3.94
Jiangsu Pacific Quartz lagged returns against current returns
Autocorrelation, which is Jiangsu Pacific 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 Jiangsu Pacific's stock expected returns. We can calculate the autocorrelation of Jiangsu Pacific returns to help us make a trade decision. For example, suppose you find that Jiangsu Pacific 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
Jiangsu Pacific 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 Jiangsu Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Pacific stock over time.
Current vs Lagged Prices
Timeline
Jiangsu Pacific Lagged Returns
When evaluating Jiangsu Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Pacific stock have on its future price. Jiangsu Pacific 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, Jiangsu Pacific autocorrelation shows the relationship between Jiangsu Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Pacific Quartz.
Jiangsu Pacific financial ratios help investors to determine whether Jiangsu 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 Jiangsu with respect to the benefits of owning Jiangsu Pacific security.