Jiujiang Shanshui (China) Market Value
| 301190 Stock | 16.61 0.09 0.54% |
| Symbol | Jiujiang |
Jiujiang Shanshui '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 Jiujiang Shanshui'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 Jiujiang Shanshui.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in Jiujiang Shanshui on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding Jiujiang Shanshui Technology or generate 0.0% return on investment in Jiujiang Shanshui over 480 days. Jiujiang Shanshui is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Rongsheng Petrochemical, and Hoshine Silicon. Jiujiang Shanshui is entity of China. It is traded as Stock on SHE exchange. More
Jiujiang Shanshui 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 Jiujiang Shanshui'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 Jiujiang Shanshui Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.095 | |||
| Maximum Drawdown | 22.46 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 4.29 |
Jiujiang Shanshui Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiujiang Shanshui's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiujiang Shanshui's standard deviation. In reality, there are many statistical measures that can use Jiujiang Shanshui historical prices to predict the future Jiujiang Shanshui's volatility.| Risk Adjusted Performance | 0.1066 | |||
| Jensen Alpha | 0.4407 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0932 | |||
| Treynor Ratio | (1.01) |
Jiujiang Shanshui Backtested Returns
Jiujiang Shanshui appears to be somewhat reliable, given 3 months investment horizon. Jiujiang Shanshui holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. By evaluating Jiujiang Shanshui's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Jiujiang Shanshui's Market Risk Adjusted Performance of (1.00), risk adjusted performance of 0.1066, and Downside Deviation of 3.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiujiang Shanshui holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jiujiang Shanshui are expected to decrease at a much lower rate. During the bear market, Jiujiang Shanshui is likely to outperform the market. Please check Jiujiang Shanshui's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Jiujiang Shanshui's current trending patterns will revert.
Auto-correlation | -0.01 |
Very weak reverse predictability
Jiujiang Shanshui Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between Jiujiang Shanshui time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Jiujiang Shanshui price movement. The serial correlation of -0.01 indicates that just 1.0% of current Jiujiang Shanshui price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 2.68 |
Jiujiang Shanshui lagged returns against current returns
Autocorrelation, which is Jiujiang Shanshui 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 Jiujiang Shanshui's stock expected returns. We can calculate the autocorrelation of Jiujiang Shanshui returns to help us make a trade decision. For example, suppose you find that Jiujiang Shanshui 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 |
Jiujiang Shanshui 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 Jiujiang Shanshui stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiujiang Shanshui stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiujiang Shanshui stock over time.
Current vs Lagged Prices |
| Timeline |
Jiujiang Shanshui Lagged Returns
When evaluating Jiujiang Shanshui's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiujiang Shanshui stock have on its future price. Jiujiang Shanshui 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, Jiujiang Shanshui autocorrelation shows the relationship between Jiujiang Shanshui stock current value and its past values and can show if there is a momentum factor associated with investing in Jiujiang Shanshui 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 Jiujiang Stock
Jiujiang Shanshui financial ratios help investors to determine whether Jiujiang 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 Jiujiang with respect to the benefits of owning Jiujiang Shanshui security.