Jiangxi JDL (China) Market Value
| 688057 Stock | 12.22 0.17 1.41% |
| Symbol | Jiangxi |
Jiangxi JDL '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 JDL'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 JDL.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Jiangxi JDL on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangxi JDL Environmental or generate 0.0% return on investment in Jiangxi JDL over 30 days. Jiangxi JDL is related to or competes with Chinese Universe, Hainan Airlines, Time Publishing, CSSC Offshore, Qtone Education, Offcn Education, and Duzhe Publishing. Jiangxi JDL is entity of China. It is traded as Stock on SHG exchange. More
Jiangxi JDL 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 JDL'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 JDL Environmental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.26 | |||
| Information Ratio | 0.1298 | |||
| Maximum Drawdown | 17.26 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.25 |
Jiangxi JDL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangxi JDL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangxi JDL's standard deviation. In reality, there are many statistical measures that can use Jiangxi JDL historical prices to predict the future Jiangxi JDL's volatility.| Risk Adjusted Performance | 0.1426 | |||
| Jensen Alpha | 0.4451 | |||
| Total Risk Alpha | 0.0626 | |||
| Sortino Ratio | 0.1506 | |||
| Treynor Ratio | 5.81 |
Jiangxi JDL Environmental Backtested Returns
Jiangxi JDL appears to be not too volatile, given 3 months investment horizon. Jiangxi JDL Environmental 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. By evaluating Jiangxi JDL's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize Jiangxi JDL's Market Risk Adjusted Performance of 5.82, downside deviation of 2.26, and Risk Adjusted Performance of 0.1426 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangxi JDL holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of 0.0781, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangxi JDL's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangxi JDL is expected to be smaller as well. Please check Jiangxi JDL'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 Jiangxi JDL's current trending patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Jiangxi JDL Environmental has modest reverse predictability. Overlapping area represents the amount of predictability between Jiangxi JDL time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 JDL Environmental price movement. The serial correlation of -0.48 indicates that about 48.0% of current Jiangxi JDL price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Jiangxi JDL Environmental lagged returns against current returns
Autocorrelation, which is Jiangxi JDL 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 JDL's stock expected returns. We can calculate the autocorrelation of Jiangxi JDL returns to help us make a trade decision. For example, suppose you find that Jiangxi JDL 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 JDL 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 JDL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangxi JDL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangxi JDL stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangxi JDL Lagged Returns
When evaluating Jiangxi JDL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangxi JDL stock have on its future price. Jiangxi JDL 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 JDL autocorrelation shows the relationship between Jiangxi JDL stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangxi JDL Environmental.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangxi Stock
Jiangxi JDL 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 JDL security.