Jiayin Group Stock Market Value
| JFIN Stock | USD 5.84 0.96 14.12% |
| Symbol | Jiayin |
Jiayin Group Price To Book Ratio
Is Consumer Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Jiayin. If investors know Jiayin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Jiayin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.26) | Earnings Share 2.98 | Revenue Per Share 112.933 | Quarterly Revenue Growth 0.155 | Return On Assets 0.1433 |
The market value of Jiayin Group is measured differently than its book value, which is the value of Jiayin that is recorded on the company's balance sheet. Investors also form their own opinion of Jiayin's value that differs from its market value or its book value, called intrinsic value, which is Jiayin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Jiayin's market value can be influenced by many factors that don't directly affect Jiayin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Jiayin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jiayin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jiayin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Jiayin '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 Jiayin'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 Jiayin.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Jiayin on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Jiayin Group or generate 0.0% return on investment in Jiayin over 30 days. Jiayin is related to or competes with Oriental Culture, Wisekey International, and Wah Fu. Jiayin Group Inc. provides online consumer finance services in the Peoples Republic of China More
Jiayin 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 Jiayin'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 Jiayin Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.89 | |||
| Information Ratio | 0.008 | |||
| Maximum Drawdown | 19.81 | |||
| Value At Risk | (7.27) | |||
| Potential Upside | 6.54 |
Jiayin Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiayin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiayin's standard deviation. In reality, there are many statistical measures that can use Jiayin historical prices to predict the future Jiayin's volatility.| Risk Adjusted Performance | 0.0347 | |||
| Jensen Alpha | 0.2048 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0066 | |||
| Treynor Ratio | (0.18) |
Jiayin Group Backtested Returns
Jiayin Group holds Efficiency (Sharpe) Ratio of -0.0042, which attests that the entity had a -0.0042% return per unit of risk over the last 3 months. Jiayin Group exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiayin's Downside Deviation of 4.89, market risk adjusted performance of (0.17), and Risk Adjusted Performance of 0.0347 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jiayin are expected to decrease at a much lower rate. During the bear market, Jiayin is likely to outperform the market. At this point, Jiayin Group has a negative expected return of -0.017%. Please make sure to check out Jiayin's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to decide if Jiayin Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.24 |
Weak predictability
Jiayin Group has weak predictability. Overlapping area represents the amount of predictability between Jiayin time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 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 Jiayin Group price movement. The serial correlation of 0.24 indicates that over 24.0% of current Jiayin price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Jiayin Group lagged returns against current returns
Autocorrelation, which is Jiayin 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 Jiayin's stock expected returns. We can calculate the autocorrelation of Jiayin returns to help us make a trade decision. For example, suppose you find that Jiayin 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 |
Jiayin 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 Jiayin stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiayin stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiayin stock over time.
Current vs Lagged Prices |
| Timeline |
Jiayin Lagged Returns
When evaluating Jiayin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiayin stock have on its future price. Jiayin 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, Jiayin autocorrelation shows the relationship between Jiayin stock current value and its past values and can show if there is a momentum factor associated with investing in Jiayin Group.
Regressed Prices |
| Timeline |
Pair Trading with Jiayin
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Jiayin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Jiayin will appreciate offsetting losses from the drop in the long position's value.Moving together with Jiayin Stock
Moving against Jiayin Stock
The ability to find closely correlated positions to Jiayin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jiayin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Jiayin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Jiayin Group to buy it.
The correlation of Jiayin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jiayin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jiayin Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Jiayin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Jiayin Correlation, Jiayin Volatility and Jiayin Alpha and Beta module to complement your research on Jiayin. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Jiayin technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.