Jinkosolar Holding Stock Market Value
| JKS Stock | USD 21.67 0.74 3.30% |
| Symbol | JinkoSolar |
JinkoSolar Holding Price To Book Ratio
Is Semiconductors & Semiconductor Equipment 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 JinkoSolar Holding. If investors know JinkoSolar 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 JinkoSolar Holding 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 (0.98) | Earnings Share 0.76 | Revenue Per Share 2 K | Quarterly Revenue Growth (0.23) | Return On Assets (0.0005) |
The market value of JinkoSolar Holding is measured differently than its book value, which is the value of JinkoSolar that is recorded on the company's balance sheet. Investors also form their own opinion of JinkoSolar Holding's value that differs from its market value or its book value, called intrinsic value, which is JinkoSolar Holding'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 JinkoSolar Holding's market value can be influenced by many factors that don't directly affect JinkoSolar Holding'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 JinkoSolar Holding's value and its price as these two are different measures arrived at by different means. Investors typically determine if JinkoSolar Holding is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JinkoSolar Holding'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.
JinkoSolar Holding '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 JinkoSolar Holding'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 JinkoSolar Holding.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in JinkoSolar Holding on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding JinkoSolar Holding or generate 0.0% return on investment in JinkoSolar Holding over 30 days. JinkoSolar Holding is related to or competes with Small Cap, Freedom Holding, Gfl Environmental, Growth Fund, Spring Valley, Gold Fields, and Knife River. JinkoSolar Holding Co., Ltd., together with its subsidiaries, engages in the design, development, production, and market... More
JinkoSolar Holding 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 JinkoSolar Holding'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 JinkoSolar Holding upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.62 | |||
| Information Ratio | 0.0551 | |||
| Maximum Drawdown | 36.24 | |||
| Value At Risk | (7.53) | |||
| Potential Upside | 9.45 |
JinkoSolar Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JinkoSolar Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JinkoSolar Holding's standard deviation. In reality, there are many statistical measures that can use JinkoSolar Holding historical prices to predict the future JinkoSolar Holding's volatility.| Risk Adjusted Performance | 0.0616 | |||
| Jensen Alpha | 0.4539 | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | 0.053 | |||
| Treynor Ratio | (2.10) |
JinkoSolar Holding Backtested Returns
JinkoSolar Holding appears to be not too volatile, given 3 months investment horizon. JinkoSolar Holding holds Efficiency (Sharpe) Ratio of 0.0675, which attests that the entity had a 0.0675% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for JinkoSolar Holding, which you can use to evaluate the volatility of the firm. Please utilize JinkoSolar Holding's Downside Deviation of 6.62, market risk adjusted performance of (2.09), and Risk Adjusted Performance of 0.0616 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JinkoSolar Holding holds a performance score of 5. The company retains a Market Volatility (i.e., Beta) of -0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JinkoSolar Holding are expected to decrease at a much lower rate. During the bear market, JinkoSolar Holding is likely to outperform the market. Please check JinkoSolar Holding's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether JinkoSolar Holding's current trending patterns will revert.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
JinkoSolar Holding has almost perfect reverse predictability. Overlapping area represents the amount of predictability between JinkoSolar Holding 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 JinkoSolar Holding price movement. The serial correlation of -0.76 indicates that around 76.0% of current JinkoSolar Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1.15 |
JinkoSolar Holding lagged returns against current returns
Autocorrelation, which is JinkoSolar Holding 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 JinkoSolar Holding's stock expected returns. We can calculate the autocorrelation of JinkoSolar Holding returns to help us make a trade decision. For example, suppose you find that JinkoSolar Holding 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 |
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JinkoSolar Holding 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 JinkoSolar Holding stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JinkoSolar Holding stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JinkoSolar Holding stock over time.
Current vs Lagged Prices |
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JinkoSolar Holding Lagged Returns
When evaluating JinkoSolar Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JinkoSolar Holding stock have on its future price. JinkoSolar Holding 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, JinkoSolar Holding autocorrelation shows the relationship between JinkoSolar Holding stock current value and its past values and can show if there is a momentum factor associated with investing in JinkoSolar Holding.
Regressed Prices |
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Thematic Opportunities
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Additional Tools for JinkoSolar Stock Analysis
When running JinkoSolar Holding's price analysis, check to measure JinkoSolar Holding'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 JinkoSolar Holding is operating at the current time. Most of JinkoSolar Holding's value examination focuses on studying past and present price action to predict the probability of JinkoSolar Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move JinkoSolar Holding's price. Additionally, you may evaluate how the addition of JinkoSolar Holding to your portfolios can decrease your overall portfolio volatility.