Jin Medical International Stock Market Value
| ZJYL Stock | 1.06 0.01 0.93% |
| Symbol | JIN |
JIN MEDICAL INTERNATIONAL Price To Book Ratio
Is Health Care Equipment & Supplies 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 JIN MEDICAL. If investors know JIN 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 JIN MEDICAL 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 (0.12) | Earnings Share 0.02 | Revenue Per Share 0.129 | Quarterly Revenue Growth 0.03 | Return On Assets 0.0403 |
The market value of JIN MEDICAL INTERNATIONAL is measured differently than its book value, which is the value of JIN that is recorded on the company's balance sheet. Investors also form their own opinion of JIN MEDICAL's value that differs from its market value or its book value, called intrinsic value, which is JIN MEDICAL'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 JIN MEDICAL's market value can be influenced by many factors that don't directly affect JIN MEDICAL'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 JIN MEDICAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if JIN MEDICAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JIN MEDICAL'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.
JIN MEDICAL '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 JIN MEDICAL'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 JIN MEDICAL.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in JIN MEDICAL on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding JIN MEDICAL INTERNATIONAL or generate 0.0% return on investment in JIN MEDICAL over 720 days. JIN MEDICAL is related to or competes with Teleflex Incorporated, Cooper Companies,, West Pharmaceutical, ICU Medical, AngioDynamics, AptarGroup, and Haemonetics. JIN MEDICAL is entity of United States. It is traded as Stock on NASDAQ exchange. More
JIN MEDICAL 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 JIN MEDICAL'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 JIN MEDICAL INTERNATIONAL upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 78.47 | |||
| Value At Risk | (12.02) | |||
| Potential Upside | 8.17 |
JIN MEDICAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JIN MEDICAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JIN MEDICAL's standard deviation. In reality, there are many statistical measures that can use JIN MEDICAL historical prices to predict the future JIN MEDICAL's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (1.57) | |||
| Total Risk Alpha | (2.59) | |||
| Treynor Ratio | (0.79) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of JIN MEDICAL's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
JIN MEDICAL INTERNATIONAL Backtested Returns
JIN MEDICAL INTERNATIONAL holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of volatility over the last 3 months. JIN MEDICAL INTERNATIONAL exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JIN MEDICAL's market risk adjusted performance of (0.78), and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.76, 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, JIN MEDICAL will likely underperform. At this point, JIN MEDICAL INTERNATIONAL has a negative expected return of -1.28%. Please make sure to check out JIN MEDICAL's treynor ratio and daily balance of power , to decide if JIN MEDICAL INTERNATIONAL performance from the past will be repeated at future time.
Auto-correlation | -0.38 |
Poor reverse predictability
JIN MEDICAL INTERNATIONAL has poor reverse predictability. Overlapping area represents the amount of predictability between JIN MEDICAL time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 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 JIN MEDICAL INTERNATIONAL price movement. The serial correlation of -0.38 indicates that just about 38.0% of current JIN MEDICAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 8.39 |
JIN MEDICAL INTERNATIONAL lagged returns against current returns
Autocorrelation, which is JIN MEDICAL 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 JIN MEDICAL's stock expected returns. We can calculate the autocorrelation of JIN MEDICAL returns to help us make a trade decision. For example, suppose you find that JIN MEDICAL 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 |
JIN MEDICAL 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 JIN MEDICAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JIN MEDICAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JIN MEDICAL stock over time.
Current vs Lagged Prices |
| Timeline |
JIN MEDICAL Lagged Returns
When evaluating JIN MEDICAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JIN MEDICAL stock have on its future price. JIN MEDICAL 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, JIN MEDICAL autocorrelation shows the relationship between JIN MEDICAL stock current value and its past values and can show if there is a momentum factor associated with investing in JIN MEDICAL INTERNATIONAL.
Regressed Prices |
| Timeline |
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JIN MEDICAL 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.