Jiangxi Lianchuang (China) Market Value
| 600363 Stock | 46.67 0.91 1.99% |
| Symbol | Jiangxi |
Jiangxi Lianchuang '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 Lianchuang'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 Lianchuang.
| 11/23/2024 |
| 12/23/2024 |
If you would invest 0.00 in Jiangxi Lianchuang on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangxi Lianchuang Opto electronic or generate 0.0% return on investment in Jiangxi Lianchuang over 30 days. Jiangxi Lianchuang is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Jiangxi Lianchuang is entity of China. It is traded as Stock on SHG exchange. More
Jiangxi Lianchuang 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 Lianchuang'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 Lianchuang Opto electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.87 | |||
| Information Ratio | 0.2155 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (6.81) | |||
| Potential Upside | 10.0 |
Jiangxi Lianchuang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangxi Lianchuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangxi Lianchuang's standard deviation. In reality, there are many statistical measures that can use Jiangxi Lianchuang historical prices to predict the future Jiangxi Lianchuang's volatility.| Risk Adjusted Performance | 0.1841 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 0.9897 | |||
| Sortino Ratio | 0.2282 | |||
| Treynor Ratio | (0.95) |
Jiangxi Lianchuang Opto Backtested Returns
Jiangxi Lianchuang is not too volatile given 3 months investment horizon. Jiangxi Lianchuang Opto holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 1.26% are justified by taking the suggested risk. Use Jiangxi Lianchuang Opto electronic Market Risk Adjusted Performance of (0.94), risk adjusted performance of 0.1841, and Downside Deviation of 4.87 to evaluate company specific risk that cannot be diversified away. Jiangxi Lianchuang holds a performance score of 19 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -1.19, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Jiangxi Lianchuang are expected to decrease by larger amounts. On the other hand, during market turmoil, Jiangxi Lianchuang is expected to outperform it. Use Jiangxi Lianchuang Opto electronic downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Jiangxi Lianchuang Opto electronic.
Auto-correlation | -0.33 |
Poor reverse predictability
Jiangxi Lianchuang Opto electronic has poor reverse predictability. Overlapping area represents the amount of predictability between Jiangxi Lianchuang time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Lianchuang Opto price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Jiangxi Lianchuang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 7.87 |
Jiangxi Lianchuang Opto lagged returns against current returns
Autocorrelation, which is Jiangxi Lianchuang 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 Lianchuang's stock expected returns. We can calculate the autocorrelation of Jiangxi Lianchuang returns to help us make a trade decision. For example, suppose you find that Jiangxi Lianchuang 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 Lianchuang 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 Lianchuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangxi Lianchuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangxi Lianchuang stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangxi Lianchuang Lagged Returns
When evaluating Jiangxi Lianchuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangxi Lianchuang stock have on its future price. Jiangxi Lianchuang 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 Lianchuang autocorrelation shows the relationship between Jiangxi Lianchuang stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangxi Lianchuang Opto electronic.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangxi Stock
Jiangxi Lianchuang 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 Lianchuang security.