JINHUI SHIPPING (Germany) Market Value
| J4O Stock | EUR 0.56 0.02 3.45% |
| Symbol | JINHUI |
JINHUI SHIPPING '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 JINHUI SHIPPING'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 JINHUI SHIPPING.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in JINHUI SHIPPING on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding JINHUI SHIPPING or generate 0.0% return on investment in JINHUI SHIPPING over 30 days. JINHUI SHIPPING is related to or competes with GOODYEAR T, Hyster-Yale Materials, SANOK RUBBER, Singapore Telecommunicatio, Consolidated Communications, Ribbon Communications, and Computershare. More
JINHUI SHIPPING 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 JINHUI SHIPPING'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 JINHUI SHIPPING upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.55 | |||
| Value At Risk | (3.64) | |||
| Potential Upside | 3.85 |
JINHUI SHIPPING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JINHUI SHIPPING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JINHUI SHIPPING's standard deviation. In reality, there are many statistical measures that can use JINHUI SHIPPING historical prices to predict the future JINHUI SHIPPING's volatility.| Risk Adjusted Performance | 0.0345 | |||
| Jensen Alpha | 0.0279 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2093 |
JINHUI SHIPPING Backtested Returns
At this point, JINHUI SHIPPING is dangerous. JINHUI SHIPPING holds Efficiency (Sharpe) Ratio of 0.0508, which attests that the entity had a 0.0508% return per unit of volatility over the last 3 months. We have found thirty technical indicators for JINHUI SHIPPING, which you can use to evaluate the volatility of the firm. Please check out JINHUI SHIPPING's market risk adjusted performance of 0.2193, and Risk Adjusted Performance of 0.0345 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. JINHUI SHIPPING has a performance score of 4 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JINHUI SHIPPING's returns are expected to increase less than the market. However, during the bear market, the loss of holding JINHUI SHIPPING is expected to be smaller as well. JINHUI SHIPPING currently retains a risk of 2.05%. Please check out JINHUI SHIPPING jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if JINHUI SHIPPING will be following its current trending patterns.
Auto-correlation | 0.01 |
Virtually no predictability
JINHUI SHIPPING has virtually no predictability. Overlapping area represents the amount of predictability between JINHUI SHIPPING time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 JINHUI SHIPPING price movement. The serial correlation of 0.01 indicates that just 1.0% of current JINHUI SHIPPING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JINHUI SHIPPING lagged returns against current returns
Autocorrelation, which is JINHUI SHIPPING 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 JINHUI SHIPPING's stock expected returns. We can calculate the autocorrelation of JINHUI SHIPPING returns to help us make a trade decision. For example, suppose you find that JINHUI SHIPPING 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 |
JINHUI SHIPPING 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 JINHUI SHIPPING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JINHUI SHIPPING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JINHUI SHIPPING stock over time.
Current vs Lagged Prices |
| Timeline |
JINHUI SHIPPING Lagged Returns
When evaluating JINHUI SHIPPING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JINHUI SHIPPING stock have on its future price. JINHUI SHIPPING 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, JINHUI SHIPPING autocorrelation shows the relationship between JINHUI SHIPPING stock current value and its past values and can show if there is a momentum factor associated with investing in JINHUI SHIPPING.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in JINHUI Stock
JINHUI SHIPPING financial ratios help investors to determine whether JINHUI 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 JINHUI with respect to the benefits of owning JINHUI SHIPPING security.