Jiangsu Broadcasting (China) Market Value
| 600959 Stock | 3.58 0.02 0.56% |
| Symbol | Jiangsu |
Jiangsu Broadcasting '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 Jiangsu Broadcasting'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 Jiangsu Broadcasting.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in Jiangsu Broadcasting on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangsu Broadcasting Cable or generate 0.0% return on investment in Jiangsu Broadcasting over 360 days. Jiangsu Broadcasting is related to or competes with Lutian Machinery, China Longyuan, PetroChina, Bank of China, Guangxi Guiguan, Yantai North, and Huaneng Lancang. Jiangsu Broadcasting is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Broadcasting 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 Jiangsu Broadcasting'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 Jiangsu Broadcasting Cable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.61 | |||
| Information Ratio | 0.1136 | |||
| Maximum Drawdown | 17.08 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 3.64 |
Jiangsu Broadcasting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Broadcasting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Broadcasting's standard deviation. In reality, there are many statistical measures that can use Jiangsu Broadcasting historical prices to predict the future Jiangsu Broadcasting's volatility.| Risk Adjusted Performance | 0.1392 | |||
| Jensen Alpha | 0.4151 | |||
| Total Risk Alpha | 0.0047 | |||
| Sortino Ratio | 0.1004 | |||
| Treynor Ratio | (1.92) |
Jiangsu Broadcasting Backtested Returns
Jiangsu Broadcasting appears to be relatively risky, given 3 months investment horizon. Jiangsu Broadcasting holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jiangsu Broadcasting, which you can use to evaluate the volatility of the firm. Please utilize Jiangsu Broadcasting's Downside Deviation of 2.61, market risk adjusted performance of (1.91), and Risk Adjusted Performance of 0.1392 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Broadcasting holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Broadcasting are expected to decrease at a much lower rate. During the bear market, Jiangsu Broadcasting is likely to outperform the market. Please check Jiangsu Broadcasting's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Jiangsu Broadcasting's current trending patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Jiangsu Broadcasting Cable has poor reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Broadcasting time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Jiangsu Broadcasting price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Jiangsu Broadcasting price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Jiangsu Broadcasting lagged returns against current returns
Autocorrelation, which is Jiangsu Broadcasting 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 Jiangsu Broadcasting's stock expected returns. We can calculate the autocorrelation of Jiangsu Broadcasting returns to help us make a trade decision. For example, suppose you find that Jiangsu Broadcasting 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 |
Jiangsu Broadcasting 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 Jiangsu Broadcasting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Broadcasting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Broadcasting stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Broadcasting Lagged Returns
When evaluating Jiangsu Broadcasting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Broadcasting stock have on its future price. Jiangsu Broadcasting 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, Jiangsu Broadcasting autocorrelation shows the relationship between Jiangsu Broadcasting stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Broadcasting Cable.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Broadcasting financial ratios help investors to determine whether Jiangsu 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 Jiangsu with respect to the benefits of owning Jiangsu Broadcasting security.