Jiangsu Pacific (China) Market Value
| 603688 Stock | 29.41 0.33 1.13% |
| Symbol | Jiangsu |
Jiangsu Pacific '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 Pacific'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 Pacific.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Jiangsu Pacific on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Pacific Quartz or generate 0.0% return on investment in Jiangsu Pacific over 180 days. Jiangsu Pacific is related to or competes with Railway Signal, Chengdu Xinzhu, Hainan Haiqi, RoadMain T, Wuhan Yangtze, Dr Peng, and Keda Clean. Jiangsu Pacific is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Pacific 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 Pacific'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 Pacific Quartz upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.0621 | |||
| Maximum Drawdown | 19.04 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 8.33 |
Jiangsu Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Pacific's standard deviation. In reality, there are many statistical measures that can use Jiangsu Pacific historical prices to predict the future Jiangsu Pacific's volatility.| Risk Adjusted Performance | 0.0829 | |||
| Jensen Alpha | 0.3703 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0729 | |||
| Treynor Ratio | (9.47) |
Jiangsu Pacific Quartz Backtested Returns
Jiangsu Pacific appears to be not too volatile, given 3 months investment horizon. Jiangsu Pacific Quartz holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jiangsu Pacific Quartz, which you can use to evaluate the volatility of the firm. Please utilize Jiangsu Pacific's Downside Deviation of 3.26, risk adjusted performance of 0.0829, and Market Risk Adjusted Performance of (9.46) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Pacific holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.0386, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Pacific are expected to decrease at a much lower rate. During the bear market, Jiangsu Pacific is likely to outperform the market. Please check Jiangsu Pacific'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 Pacific's current trending patterns will revert.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
Jiangsu Pacific Quartz has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Pacific time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Pacific Quartz price movement. The serial correlation of -0.78 indicates that around 78.0% of current Jiangsu Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 12.27 |
Jiangsu Pacific Quartz lagged returns against current returns
Autocorrelation, which is Jiangsu Pacific 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 Pacific's stock expected returns. We can calculate the autocorrelation of Jiangsu Pacific returns to help us make a trade decision. For example, suppose you find that Jiangsu Pacific 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 Pacific 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 Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Pacific Lagged Returns
When evaluating Jiangsu Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Pacific stock have on its future price. Jiangsu Pacific 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 Pacific autocorrelation shows the relationship between Jiangsu Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Pacific Quartz.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Pacific 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 Pacific security.