Jiangsu Bioperfectus (China) Market Value
| 688399 Stock | 70.20 0.17 0.24% |
| Symbol | Jiangsu |
Jiangsu Bioperfectus '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 Bioperfectus' 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 Bioperfectus.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Jiangsu Bioperfectus on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Bioperfectus Technologies or generate 0.0% return on investment in Jiangsu Bioperfectus over 30 days. Jiangsu Bioperfectus is related to or competes with Miracll Chemicals, Kangping Technology, Niutech Environment, Jinhe Biotechnology, Chengtun Mining, Shandong Mining, and Gem Year. Jiangsu Bioperfectus is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Bioperfectus 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 Bioperfectus' 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 Bioperfectus Technologies upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 20.86 | |||
| Value At Risk | (4.33) | |||
| Potential Upside | 4.07 |
Jiangsu Bioperfectus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Bioperfectus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Bioperfectus' standard deviation. In reality, there are many statistical measures that can use Jiangsu Bioperfectus historical prices to predict the future Jiangsu Bioperfectus' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | 0.1535 |
Jiangsu Bioperfectus Backtested Returns
Jiangsu Bioperfectus holds Efficiency (Sharpe) Ratio of -0.0452, which attests that the entity had a -0.0452% return per unit of risk over the last 3 months. Jiangsu Bioperfectus exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Bioperfectus' Market Risk Adjusted Performance of 0.1635, risk adjusted performance of (0.02), and Standard Deviation of 2.88 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jiangsu Bioperfectus are expected to decrease at a much lower rate. During the bear market, Jiangsu Bioperfectus is likely to outperform the market. At this point, Jiangsu Bioperfectus has a negative expected return of -0.14%. Please make sure to check out Jiangsu Bioperfectus' mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Jiangsu Bioperfectus performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.53 |
Good reverse predictability
Jiangsu Bioperfectus Technologies has good reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Bioperfectus time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Jiangsu Bioperfectus price movement. The serial correlation of -0.53 indicates that about 53.0% of current Jiangsu Bioperfectus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 19.53 |
Jiangsu Bioperfectus lagged returns against current returns
Autocorrelation, which is Jiangsu Bioperfectus 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 Bioperfectus' stock expected returns. We can calculate the autocorrelation of Jiangsu Bioperfectus returns to help us make a trade decision. For example, suppose you find that Jiangsu Bioperfectus 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 Bioperfectus 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 Bioperfectus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Bioperfectus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Bioperfectus stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Bioperfectus Lagged Returns
When evaluating Jiangsu Bioperfectus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Bioperfectus stock have on its future price. Jiangsu Bioperfectus 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 Bioperfectus autocorrelation shows the relationship between Jiangsu Bioperfectus stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Bioperfectus Technologies.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Bioperfectus 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 Bioperfectus security.