Jiangsu Xinri (China) Market Value
| 603787 Stock | 10.72 0.38 3.42% |
| Symbol | Jiangsu |
Jiangsu Xinri '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 Xinri'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 Xinri.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Jiangsu Xinri on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangsu Xinri E Vehicle or generate 0.0% return on investment in Jiangsu Xinri over 390 days. Jiangsu Xinri is related to or competes with New Hope, Zhengzhou Qianweiyangchu, Beijing Sanyuan, Youyou Foods, Suzhou Weizhixiang, and Time Publishing. Jiangsu Xinri is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Xinri 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 Jiangsu Xinri'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 Xinri E Vehicle upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0715 | |||
| Maximum Drawdown | 18.69 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 3.94 |
Jiangsu Xinri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Xinri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Xinri's standard deviation. In reality, there are many statistical measures that can use Jiangsu Xinri historical prices to predict the future Jiangsu Xinri's volatility.| Risk Adjusted Performance | 0.0904 | |||
| Jensen Alpha | 0.3504 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0818 | |||
| Treynor Ratio | (0.75) |
Jiangsu Xinri E Backtested Returns
Jiangsu Xinri appears to be somewhat reliable, given 3 months investment horizon. Jiangsu Xinri E holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jiangsu Xinri E, which you can use to evaluate the volatility of the firm. Please utilize Jiangsu Xinri's Market Risk Adjusted Performance of (0.74), risk adjusted performance of 0.0904, and Downside Deviation of 2.57 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Xinri holds a performance score of 8. 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 Jiangsu Xinri are expected to decrease at a much lower rate. During the bear market, Jiangsu Xinri is likely to outperform the market. Please check Jiangsu Xinri's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Jiangsu Xinri's current trending patterns will revert.
Auto-correlation | 0.56 |
Modest predictability
Jiangsu Xinri E Vehicle has modest predictability. Overlapping area represents the amount of predictability between Jiangsu Xinri time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Jiangsu Xinri E price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Jiangsu Xinri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Jiangsu Xinri E lagged returns against current returns
Autocorrelation, which is Jiangsu Xinri 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 Xinri's stock expected returns. We can calculate the autocorrelation of Jiangsu Xinri returns to help us make a trade decision. For example, suppose you find that Jiangsu Xinri 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 Xinri 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 Xinri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Xinri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Xinri stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Xinri Lagged Returns
When evaluating Jiangsu Xinri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Xinri stock have on its future price. Jiangsu Xinri 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 Xinri autocorrelation shows the relationship between Jiangsu Xinri stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Xinri E Vehicle.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Xinri 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 Xinri security.