Jilin Chemical (China) Market Value
| 000420 Stock | 3.98 0.16 4.19% |
| Symbol | Jilin |
Jilin Chemical '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 Jilin Chemical'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 Jilin Chemical.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Jilin Chemical on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Jilin Chemical Fibre or generate 0.0% return on investment in Jilin Chemical over 30 days. Jilin Chemical is related to or competes with Shanghai Rightongene, Shenzhen Bioeasy, Yili Chuanning, Fujian Wanchen, Shanghai Yaoji, Caihong Display, and Lander Sports. Jilin Chemical is entity of China. It is traded as Stock on SHE exchange. More
Jilin Chemical 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 Jilin Chemical'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 Jilin Chemical Fibre upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.0123 | |||
| Maximum Drawdown | 15.23 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 4.22 |
Jilin Chemical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jilin Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jilin Chemical's standard deviation. In reality, there are many statistical measures that can use Jilin Chemical historical prices to predict the future Jilin Chemical's volatility.| Risk Adjusted Performance | 0.0127 | |||
| Jensen Alpha | 0.0184 | |||
| Total Risk Alpha | 0.0935 | |||
| Sortino Ratio | 0.0117 | |||
| Treynor Ratio | 0.0267 |
Jilin Chemical Fibre Backtested Returns
At this point, Jilin Chemical is moderately volatile. Jilin Chemical Fibre holds Efficiency (Sharpe) Ratio of 0.0177, which attests that the entity had a 0.0177 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jilin Chemical Fibre, which you can use to evaluate the volatility of the firm. Please check out Jilin Chemical's Downside Deviation of 2.81, risk adjusted performance of 0.0127, and Market Risk Adjusted Performance of 0.0367 to validate if the risk estimate we provide is consistent with the expected return of 0.0464%. Jilin Chemical has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jilin Chemical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jilin Chemical is expected to be smaller as well. Jilin Chemical Fibre right now retains a risk of 2.62%. Please check out Jilin Chemical semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Jilin Chemical will be following its current trending patterns.
Auto-correlation | 0.08 |
Virtually no predictability
Jilin Chemical Fibre has virtually no predictability. Overlapping area represents the amount of predictability between Jilin Chemical time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Jilin Chemical Fibre price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Jilin Chemical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Jilin Chemical Fibre lagged returns against current returns
Autocorrelation, which is Jilin Chemical 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 Jilin Chemical's stock expected returns. We can calculate the autocorrelation of Jilin Chemical returns to help us make a trade decision. For example, suppose you find that Jilin Chemical 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 |
Jilin Chemical 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 Jilin Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jilin Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jilin Chemical stock over time.
Current vs Lagged Prices |
| Timeline |
Jilin Chemical Lagged Returns
When evaluating Jilin Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jilin Chemical stock have on its future price. Jilin Chemical 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, Jilin Chemical autocorrelation shows the relationship between Jilin Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Jilin Chemical Fibre.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Jilin Stock
Jilin Chemical financial ratios help investors to determine whether Jilin 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 Jilin with respect to the benefits of owning Jilin Chemical security.