Changsha Jingjia (China) Market Value
| 300474 Stock | 105.35 0.97 0.93% |
| Symbol | Changsha |
Changsha Jingjia '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 Changsha Jingjia'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 Changsha Jingjia.
| 01/05/2023 |
| 12/25/2024 |
If you would invest 0.00 in Changsha Jingjia on January 5, 2023 and sell it all today you would earn a total of 0.00 from holding Changsha Jingjia Microelectronics or generate 0.0% return on investment in Changsha Jingjia over 720 days. Changsha Jingjia is related to or competes with Ming Yang, Loctek Ergonomic, Yes Optoelectronics, Hunan Nanling, Guangdong Tianhe, Shandong Ruifeng, and Jiangsu Seagull. Changsha Jingjia is entity of China. It is traded as Stock on SHE exchange. More
Changsha Jingjia 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 Changsha Jingjia'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 Changsha Jingjia Microelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.98 | |||
| Information Ratio | 0.2101 | |||
| Maximum Drawdown | 28.54 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 10.42 |
Changsha Jingjia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Changsha Jingjia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Changsha Jingjia's standard deviation. In reality, there are many statistical measures that can use Changsha Jingjia historical prices to predict the future Changsha Jingjia's volatility.| Risk Adjusted Performance | 0.1831 | |||
| Jensen Alpha | 1.17 | |||
| Total Risk Alpha | 0.9473 | |||
| Sortino Ratio | 0.2894 | |||
| Treynor Ratio | 2.74 |
Changsha Jingjia Mic Backtested Returns
Changsha Jingjia is very steady given 3 months investment horizon. Changsha Jingjia Mic secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of standard deviation over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.15% are justified by taking the suggested risk. Use Changsha Jingjia risk adjusted performance of 0.1831, and Mean Deviation of 3.95 to evaluate company specific risk that cannot be diversified away. Changsha Jingjia holds a performance score of 15 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Changsha Jingjia's returns are expected to increase less than the market. However, during the bear market, the loss of holding Changsha Jingjia is expected to be smaller as well. Use Changsha Jingjia semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to analyze future returns on Changsha Jingjia.
Auto-correlation | 0.08 |
Virtually no predictability
Changsha Jingjia Microelectronics has virtually no predictability. Overlapping area represents the amount of predictability between Changsha Jingjia time series from 5th of January 2023 to 31st of December 2023 and 31st of December 2023 to 25th 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 Changsha Jingjia Mic price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Changsha Jingjia price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 192.89 |
Changsha Jingjia Mic lagged returns against current returns
Autocorrelation, which is Changsha Jingjia 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 Changsha Jingjia's stock expected returns. We can calculate the autocorrelation of Changsha Jingjia returns to help us make a trade decision. For example, suppose you find that Changsha Jingjia 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 |
Changsha Jingjia 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 Changsha Jingjia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Changsha Jingjia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Changsha Jingjia stock over time.
Current vs Lagged Prices |
| Timeline |
Changsha Jingjia Lagged Returns
When evaluating Changsha Jingjia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Changsha Jingjia stock have on its future price. Changsha Jingjia 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, Changsha Jingjia autocorrelation shows the relationship between Changsha Jingjia stock current value and its past values and can show if there is a momentum factor associated with investing in Changsha Jingjia Microelectronics.
Regressed Prices |
| Timeline |
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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 Changsha Stock
Changsha Jingjia financial ratios help investors to determine whether Changsha 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 Changsha with respect to the benefits of owning Changsha Jingjia security.