Jiahe Foods (China) Market Value
| 605300 Stock | 16.01 1.46 10.03% |
| Symbol | Jiahe |
Jiahe Foods '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 Jiahe Foods' 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 Jiahe Foods.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Jiahe Foods on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Jiahe Foods Industry or generate 0.0% return on investment in Jiahe Foods over 30 days. Jiahe Foods is related to or competes with Beijing Wantai, Aluminum Corp, COL Digital, Shaanxi Meineng, Gansu Huangtai, and Threes Company. Jiahe Foods is entity of China. It is traded as Stock on SHG exchange. More
Jiahe Foods 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 Jiahe Foods' 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 Jiahe Foods Industry upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.43 | |||
| Information Ratio | 0.1619 | |||
| Maximum Drawdown | 16.14 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 9.39 |
Jiahe Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiahe Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiahe Foods' standard deviation. In reality, there are many statistical measures that can use Jiahe Foods historical prices to predict the future Jiahe Foods' volatility.| Risk Adjusted Performance | 0.1629 | |||
| Jensen Alpha | 0.62 | |||
| Total Risk Alpha | 0.1108 | |||
| Sortino Ratio | 0.2232 | |||
| Treynor Ratio | 1.69 |
Jiahe Foods Industry Backtested Returns
Jiahe Foods appears to be not too volatile, given 3 months investment horizon. Jiahe Foods Industry holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. By evaluating Jiahe Foods' technical indicators, you can evaluate if the expected return of 0.73% is justified by implied risk. Please utilize Jiahe Foods' Risk Adjusted Performance of 0.1629, market risk adjusted performance of 1.7, and Downside Deviation of 2.43 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiahe Foods holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jiahe Foods' returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiahe Foods is expected to be smaller as well. Please check Jiahe Foods' mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Jiahe Foods' current trending patterns will revert.
Auto-correlation | -0.39 |
Poor reverse predictability
Jiahe Foods Industry has poor reverse predictability. Overlapping area represents the amount of predictability between Jiahe Foods time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Jiahe Foods Industry price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Jiahe Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 2.01 |
Jiahe Foods Industry lagged returns against current returns
Autocorrelation, which is Jiahe Foods 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 Jiahe Foods' stock expected returns. We can calculate the autocorrelation of Jiahe Foods returns to help us make a trade decision. For example, suppose you find that Jiahe Foods 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 |
Jiahe Foods 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 Jiahe Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiahe Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiahe Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Jiahe Foods Lagged Returns
When evaluating Jiahe Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiahe Foods stock have on its future price. Jiahe Foods 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, Jiahe Foods autocorrelation shows the relationship between Jiahe Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Jiahe Foods Industry.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiahe Stock
Jiahe Foods financial ratios help investors to determine whether Jiahe 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 Jiahe with respect to the benefits of owning Jiahe Foods security.