JA Solar (China) Market Value
| 002459 Stock | 15.01 0.44 2.85% |
| Symbol | 002459 |
JA Solar '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 JA Solar'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 JA Solar.
| 12/28/2022 |
| 12/17/2024 |
If you would invest 0.00 in JA Solar on December 28, 2022 and sell it all today you would earn a total of 0.00 from holding JA Solar Technology or generate 0.0% return on investment in JA Solar over 720 days. JA Solar is related to or competes with Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. JA Solar is entity of China. It is traded as Stock on SHE exchange. More
JA Solar 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 JA Solar'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 JA Solar Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.09 | |||
| Information Ratio | 0.1239 | |||
| Maximum Drawdown | 19.97 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 10.0 |
JA Solar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JA Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JA Solar's standard deviation. In reality, there are many statistical measures that can use JA Solar historical prices to predict the future JA Solar's volatility.| Risk Adjusted Performance | 0.1114 | |||
| Jensen Alpha | 0.6742 | |||
| Total Risk Alpha | 0.1643 | |||
| Sortino Ratio | 0.138 | |||
| Treynor Ratio | (1.37) |
JA Solar Technology Backtested Returns
JA Solar appears to be somewhat reliable, given 3 months investment horizon. JA Solar Technology retains Efficiency (Sharpe Ratio) of 0.17, which attests that the company had a 0.17% return per unit of price deviation over the last 3 months. By inspecting JA Solar's technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please utilize JA Solar's Semi Deviation of 3.45, standard deviation of 4.55, and Market Risk Adjusted Performance of (1.36) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JA Solar holds a performance score of 13. The firm owns a Beta (Systematic Risk) of -0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning JA Solar are expected to decrease at a much lower rate. During the bear market, JA Solar is likely to outperform the market. Please check JA Solar's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether JA Solar's current price history will revert.
Auto-correlation | 0.31 |
Below average predictability
JA Solar Technology has below average predictability. Overlapping area represents the amount of predictability between JA Solar time series from 28th of December 2022 to 23rd of December 2023 and 23rd of December 2023 to 17th of December 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 JA Solar Technology price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current JA Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 10.64 |
JA Solar Technology lagged returns against current returns
Autocorrelation, which is JA Solar 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 JA Solar's stock expected returns. We can calculate the autocorrelation of JA Solar returns to help us make a trade decision. For example, suppose you find that JA Solar 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 |
JA Solar 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 JA Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JA Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JA Solar stock over time.
Current vs Lagged Prices |
| Timeline |
JA Solar Lagged Returns
When evaluating JA Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JA Solar stock have on its future price. JA Solar 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, JA Solar autocorrelation shows the relationship between JA Solar stock current value and its past values and can show if there is a momentum factor associated with investing in JA Solar Technology.
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 002459 Stock
JA Solar financial ratios help investors to determine whether 002459 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 002459 with respect to the benefits of owning JA Solar security.