Jinhua Capital Stock Market Value
| JHC Stock | 0.01 0.01 100.00% |
| Symbol | Jinhua |
Jinhua Capital '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 Jinhua Capital'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 Jinhua Capital.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Jinhua Capital on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Jinhua Capital or generate 0.0% return on investment in Jinhua Capital over 30 days. Jinhua Capital is related to or competes with Postmedia Network, NeXGold Mining, Xtract One, Perseus Mining, Quorum Information, Exco Technologies, and Broadcom. More
Jinhua Capital 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 Jinhua Capital'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 Jinhua Capital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1313 | |||
| Maximum Drawdown | 150.0 |
Jinhua Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinhua Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinhua Capital's standard deviation. In reality, there are many statistical measures that can use Jinhua Capital historical prices to predict the future Jinhua Capital's volatility.| Risk Adjusted Performance | 0.1134 | |||
| Jensen Alpha | 2.6 | |||
| Total Risk Alpha | 0.1207 | |||
| Treynor Ratio | 0.5215 |
Jinhua Capital Backtested Returns
Jinhua Capital is out of control given 3 months investment horizon. Jinhua Capital holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We were able to interpolate twenty different technical indicators, which can help you to evaluate if expected returns of 3.23% are justified by taking the suggested risk. Use Jinhua Capital Risk Adjusted Performance of 0.1134, standard deviation of 23.73, and Market Risk Adjusted Performance of 0.5315 to evaluate company specific risk that cannot be diversified away. Jinhua Capital holds a performance score of 10 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of 6.17, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Jinhua Capital will likely underperform. Use Jinhua Capital information ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to analyze future returns on Jinhua Capital.
Auto-correlation | -0.57 |
Good reverse predictability
Jinhua Capital has good reverse predictability. Overlapping area represents the amount of predictability between Jinhua Capital 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 Jinhua Capital price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Jinhua Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Jinhua Capital lagged returns against current returns
Autocorrelation, which is Jinhua Capital 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 Jinhua Capital's stock expected returns. We can calculate the autocorrelation of Jinhua Capital returns to help us make a trade decision. For example, suppose you find that Jinhua Capital 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 |
Jinhua Capital 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 Jinhua Capital stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinhua Capital stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinhua Capital stock over time.
Current vs Lagged Prices |
| Timeline |
Jinhua Capital Lagged Returns
When evaluating Jinhua Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinhua Capital stock have on its future price. Jinhua Capital 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, Jinhua Capital autocorrelation shows the relationship between Jinhua Capital stock current value and its past values and can show if there is a momentum factor associated with investing in Jinhua Capital.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Jinhua Stock Analysis
When running Jinhua Capital's price analysis, check to measure Jinhua Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Jinhua Capital is operating at the current time. Most of Jinhua Capital's value examination focuses on studying past and present price action to predict the probability of Jinhua Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jinhua Capital's price. Additionally, you may evaluate how the addition of Jinhua Capital to your portfolios can decrease your overall portfolio volatility.