Jiangxi Hengda (China) Market Value
| 002591 Stock | 5.79 0.05 0.87% |
| Symbol | Jiangxi |
Jiangxi Hengda '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 Jiangxi Hengda'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 Jiangxi Hengda.
| 12/08/2023 |
| 12/02/2024 |
If you would invest 0.00 in Jiangxi Hengda on December 8, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangxi Hengda Hi Tech or generate 0.0% return on investment in Jiangxi Hengda over 360 days. Jiangxi Hengda is related to or competes with Anhui Jianghuai, Iat Automobile, Hubei Dinglong, Maoming Petro, Shenzhen Kexin, and Zhongtong Guomai. Jiangxi Hengda is entity of China. It is traded as Stock on SHE exchange. More
Jiangxi Hengda 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 Jiangxi Hengda'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 Jiangxi Hengda Hi Tech upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | 0.1697 | |||
| Maximum Drawdown | 17.87 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 4.22 |
Jiangxi Hengda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangxi Hengda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangxi Hengda's standard deviation. In reality, there are many statistical measures that can use Jiangxi Hengda historical prices to predict the future Jiangxi Hengda's volatility.| Risk Adjusted Performance | 0.1733 | |||
| Jensen Alpha | 0.6599 | |||
| Total Risk Alpha | 0.1357 | |||
| Sortino Ratio | 0.1379 | |||
| Treynor Ratio | (2.04) |
Jiangxi Hengda Hi Backtested Returns
Jiangxi Hengda appears to be slightly risky, given 3 months investment horizon. Jiangxi Hengda Hi holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. By evaluating Jiangxi Hengda's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize Jiangxi Hengda's Downside Deviation of 3.58, risk adjusted performance of 0.1733, and Market Risk Adjusted Performance of (2.03) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangxi Hengda holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jiangxi Hengda are expected to decrease at a much lower rate. During the bear market, Jiangxi Hengda is likely to outperform the market. Please check Jiangxi Hengda's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Jiangxi Hengda's current trending patterns will revert.
Auto-correlation | -0.61 |
Very good reverse predictability
Jiangxi Hengda Hi Tech has very good reverse predictability. Overlapping area represents the amount of predictability between Jiangxi Hengda time series from 8th of December 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Jiangxi Hengda Hi price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Jiangxi Hengda price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Jiangxi Hengda Hi lagged returns against current returns
Autocorrelation, which is Jiangxi Hengda 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 Jiangxi Hengda's stock expected returns. We can calculate the autocorrelation of Jiangxi Hengda returns to help us make a trade decision. For example, suppose you find that Jiangxi Hengda 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 |
Jiangxi Hengda 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 Jiangxi Hengda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangxi Hengda stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangxi Hengda stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangxi Hengda Lagged Returns
When evaluating Jiangxi Hengda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangxi Hengda stock have on its future price. Jiangxi Hengda 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, Jiangxi Hengda autocorrelation shows the relationship between Jiangxi Hengda stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangxi Hengda Hi Tech.
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 Jiangxi Stock
Jiangxi Hengda financial ratios help investors to determine whether Jiangxi 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 Jiangxi with respect to the benefits of owning Jiangxi Hengda security.