Jiangsu GDK (China) Market Value
| 688670 Stock | 16.29 0.49 3.10% |
| Symbol | Jiangsu |
Jiangsu GDK '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 GDK'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 GDK.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Jiangsu GDK on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangsu GDK Biotechnology or generate 0.0% return on investment in Jiangsu GDK over 540 days. Jiangsu GDK is related to or competes with PetroChina, China Mobile, Ping An, China Petroleum, China Telecom, Kweichow Moutai, and China Life. Jiangsu GDK is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu GDK 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 GDK'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 GDK Biotechnology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.42 | |||
| Information Ratio | 0.1124 | |||
| Maximum Drawdown | 33.74 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 9.98 |
Jiangsu GDK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu GDK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu GDK's standard deviation. In reality, there are many statistical measures that can use Jiangsu GDK historical prices to predict the future Jiangsu GDK's volatility.| Risk Adjusted Performance | 0.1125 | |||
| Jensen Alpha | 0.7071 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1371 | |||
| Treynor Ratio | 5.76 |
Jiangsu GDK Biotechnology Backtested Returns
Jiangsu GDK appears to be somewhat reliable, given 3 months investment horizon. Jiangsu GDK Biotechnology holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Jiangsu GDK's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please utilize Jiangsu GDK's Market Risk Adjusted Performance of 5.77, downside deviation of 4.42, and Risk Adjusted Performance of 0.1125 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu GDK holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangsu GDK's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu GDK is expected to be smaller as well. Please check Jiangsu GDK's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Jiangsu GDK's current trending patterns will revert.
Auto-correlation | 0.46 |
Average predictability
Jiangsu GDK Biotechnology has average predictability. Overlapping area represents the amount of predictability between Jiangsu GDK time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 GDK Biotechnology price movement. The serial correlation of 0.46 indicates that about 46.0% of current Jiangsu GDK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 10.39 |
Jiangsu GDK Biotechnology lagged returns against current returns
Autocorrelation, which is Jiangsu GDK 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 GDK's stock expected returns. We can calculate the autocorrelation of Jiangsu GDK returns to help us make a trade decision. For example, suppose you find that Jiangsu GDK 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 GDK 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 GDK stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu GDK stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu GDK stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu GDK Lagged Returns
When evaluating Jiangsu GDK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu GDK stock have on its future price. Jiangsu GDK 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 GDK autocorrelation shows the relationship between Jiangsu GDK stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu GDK Biotechnology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu GDK 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 GDK security.