Jadard Technology (China) Market Value
| 688252 Stock | 22.97 0.21 0.92% |
| Symbol | Jadard |
Jadard Technology '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 Jadard Technology'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 Jadard Technology.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Jadard Technology on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Jadard Technology A or generate 0.0% return on investment in Jadard Technology over 30 days. Jadard Technology is related to or competes with Guilin Seamild, Fujian Anjoy, Shantou Wanshun, Shanghai Ziyan, Chengtun Mining, Guocheng Mining, and Chenzhou Jingui. Jadard Technology is entity of China. It is traded as Stock on SHG exchange. More
Jadard Technology 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 Jadard Technology'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 Jadard Technology A upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.54 | |||
| Information Ratio | 0.1024 | |||
| Maximum Drawdown | 28.65 | |||
| Value At Risk | (5.11) | |||
| Potential Upside | 9.69 |
Jadard Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jadard Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jadard Technology's standard deviation. In reality, there are many statistical measures that can use Jadard Technology historical prices to predict the future Jadard Technology's volatility.| Risk Adjusted Performance | 0.1068 | |||
| Jensen Alpha | 0.661 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.1519 | |||
| Treynor Ratio | 18.09 |
Jadard Technology Backtested Returns
Jadard Technology appears to be somewhat reliable, given 3 months investment horizon. Jadard Technology holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. By evaluating Jadard Technology's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Jadard Technology's Downside Deviation of 3.54, risk adjusted performance of 0.1068, and Market Risk Adjusted Performance of 18.1 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jadard Technology holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.0368, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jadard Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jadard Technology is expected to be smaller as well. Please check Jadard Technology's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Jadard Technology's current trending patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Jadard Technology A has poor reverse predictability. Overlapping area represents the amount of predictability between Jadard Technology 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 Jadard Technology price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Jadard Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Jadard Technology lagged returns against current returns
Autocorrelation, which is Jadard Technology 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 Jadard Technology's stock expected returns. We can calculate the autocorrelation of Jadard Technology returns to help us make a trade decision. For example, suppose you find that Jadard Technology 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 |
Jadard Technology 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 Jadard Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jadard Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jadard Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Jadard Technology Lagged Returns
When evaluating Jadard Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jadard Technology stock have on its future price. Jadard Technology 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, Jadard Technology autocorrelation shows the relationship between Jadard Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Jadard Technology A.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jadard Stock
Jadard Technology financial ratios help investors to determine whether Jadard 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 Jadard with respect to the benefits of owning Jadard Technology security.