Juewei Food (China) Market Value
| 603517 Stock | 19.92 0.74 3.86% |
| Symbol | Juewei |
Juewei Food '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 Juewei Food'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 Juewei Food.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Juewei Food on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Juewei Food Co or generate 0.0% return on investment in Juewei Food over 30 days. Juewei Food is related to or competes with Lutian Machinery, PetroChina, Bank of China, Gansu Jiu, Ming Yang, Aba Chemicals, and Inner Mongolia. Juewei Food is entity of China. It is traded as Stock on SHG exchange. More
Juewei Food 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 Juewei Food'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 Juewei Food Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.4 | |||
| Information Ratio | 0.1509 | |||
| Maximum Drawdown | 19.98 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 9.94 |
Juewei Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Juewei Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Juewei Food's standard deviation. In reality, there are many statistical measures that can use Juewei Food historical prices to predict the future Juewei Food's volatility.| Risk Adjusted Performance | 0.1473 | |||
| Jensen Alpha | 0.6802 | |||
| Total Risk Alpha | 0.1169 | |||
| Sortino Ratio | 0.1818 | |||
| Treynor Ratio | 1.6 |
Juewei Food Backtested Returns
Juewei Food appears to be not too volatile, given 3 months investment horizon. Juewei Food holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. By evaluating Juewei Food's technical indicators, you can evaluate if the expected return of 0.89% is justified by implied risk. Please utilize Juewei Food's Risk Adjusted Performance of 0.1473, downside deviation of 3.4, and Market Risk Adjusted Performance of 1.61 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Juewei Food holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 0.46, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Juewei Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Juewei Food is expected to be smaller as well. Please check Juewei Food's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Juewei Food's current trending patterns will revert.
Auto-correlation | -0.32 |
Poor reverse predictability
Juewei Food Co has poor reverse predictability. Overlapping area represents the amount of predictability between Juewei Food time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Juewei Food price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Juewei Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Juewei Food lagged returns against current returns
Autocorrelation, which is Juewei Food 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 Juewei Food's stock expected returns. We can calculate the autocorrelation of Juewei Food returns to help us make a trade decision. For example, suppose you find that Juewei Food 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 |
Juewei Food 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 Juewei Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Juewei Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Juewei Food stock over time.
Current vs Lagged Prices |
| Timeline |
Juewei Food Lagged Returns
When evaluating Juewei Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Juewei Food stock have on its future price. Juewei Food 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, Juewei Food autocorrelation shows the relationship between Juewei Food stock current value and its past values and can show if there is a momentum factor associated with investing in Juewei Food Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Juewei Stock
Juewei Food financial ratios help investors to determine whether Juewei 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 Juewei with respect to the benefits of owning Juewei Food security.