Jinhui Liquor (China) Market Value
| 603919 Stock | 21.29 0.21 0.98% |
| Symbol | Jinhui |
Jinhui Liquor '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 Jinhui Liquor'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 Jinhui Liquor.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Jinhui Liquor on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Jinhui Liquor Co or generate 0.0% return on investment in Jinhui Liquor over 30 days. Jinhui Liquor is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and Ping An. Jinhui Liquor is entity of China. It is traded as Stock on SHG exchange. More
Jinhui Liquor 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 Jinhui Liquor'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 Jinhui Liquor Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.76 | |||
| Information Ratio | 0.0807 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (4.28) | |||
| Potential Upside | 7.59 |
Jinhui Liquor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinhui Liquor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinhui Liquor's standard deviation. In reality, there are many statistical measures that can use Jinhui Liquor historical prices to predict the future Jinhui Liquor's volatility.| Risk Adjusted Performance | 0.0939 | |||
| Jensen Alpha | 0.335 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.1032 | |||
| Treynor Ratio | 0.7505 |
Jinhui Liquor Backtested Returns
Jinhui Liquor appears to be not too volatile, given 3 months investment horizon. Jinhui Liquor holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found thirty technical indicators for Jinhui Liquor, which you can use to evaluate the volatility of the firm. Please utilize Jinhui Liquor's Market Risk Adjusted Performance of 0.7605, downside deviation of 2.76, and Risk Adjusted Performance of 0.0939 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jinhui Liquor holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jinhui Liquor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jinhui Liquor is expected to be smaller as well. Please check Jinhui Liquor's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Jinhui Liquor's current trending patterns will revert.
Auto-correlation | -0.88 |
Excellent reverse predictability
Jinhui Liquor Co has excellent reverse predictability. Overlapping area represents the amount of predictability between Jinhui Liquor time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Jinhui Liquor price movement. The serial correlation of -0.88 indicates that approximately 88.0% of current Jinhui Liquor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.88 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
Jinhui Liquor lagged returns against current returns
Autocorrelation, which is Jinhui Liquor 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 Jinhui Liquor's stock expected returns. We can calculate the autocorrelation of Jinhui Liquor returns to help us make a trade decision. For example, suppose you find that Jinhui Liquor 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 |
Jinhui Liquor 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 Jinhui Liquor stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinhui Liquor stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinhui Liquor stock over time.
Current vs Lagged Prices |
| Timeline |
Jinhui Liquor Lagged Returns
When evaluating Jinhui Liquor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinhui Liquor stock have on its future price. Jinhui Liquor 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, Jinhui Liquor autocorrelation shows the relationship between Jinhui Liquor stock current value and its past values and can show if there is a momentum factor associated with investing in Jinhui Liquor Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jinhui Stock
Jinhui Liquor financial ratios help investors to determine whether Jinhui 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 Jinhui with respect to the benefits of owning Jinhui Liquor security.