JS Corrugating (China) Market Value

000821 Stock   12.78  0.28  2.14%   
JS Corrugating's market value is the price at which a share of JS Corrugating trades on a public exchange. It measures the collective expectations of JS Corrugating Machinery investors about its performance. JS Corrugating is trading at 12.78 as of the 16th of February 2025, a 2.14 percent decrease since the beginning of the trading day. The stock's open price was 13.06.
With this module, you can estimate the performance of a buy and hold strategy of JS Corrugating Machinery and determine expected loss or profit from investing in JS Corrugating over a given investment horizon. Check out JS Corrugating Correlation, JS Corrugating Volatility and JS Corrugating Alpha and Beta module to complement your research on JS Corrugating.
Symbol

Please note, there is a significant difference between JS Corrugating's value and its price as these two are different measures arrived at by different means. Investors typically determine if JS Corrugating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JS Corrugating's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

JS Corrugating '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 JS Corrugating'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 JS Corrugating.
0.00
02/27/2023
No Change 0.00  0.0 
In 1 year 11 months and 22 days
02/16/2025
0.00
If you would invest  0.00  in JS Corrugating on February 27, 2023 and sell it all today you would earn a total of 0.00 from holding JS Corrugating Machinery or generate 0.0% return on investment in JS Corrugating over 720 days. JS Corrugating is related to or competes with Chengdu Xinzhu, Highbroad Advanced, Zhengping RoadBridge, Super Dragon, Shaanxi Broadcast, Xinjiang Beixin, and Nanya New. More

JS Corrugating 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 JS Corrugating'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 JS Corrugating Machinery upside and downside potential and time the market with a certain degree of confidence.

JS Corrugating Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for JS Corrugating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JS Corrugating's standard deviation. In reality, there are many statistical measures that can use JS Corrugating historical prices to predict the future JS Corrugating's volatility.
Hype
Prediction
LowEstimatedHigh
10.7012.7814.86
Details
Intrinsic
Valuation
LowRealHigh
10.9513.0315.11
Details
Naive
Forecast
LowNextHigh
10.3212.4014.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.7612.4913.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as JS Corrugating. Your research has to be compared to or analyzed against JS Corrugating's peers to derive any actionable benefits. When done correctly, JS Corrugating's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in JS Corrugating Machinery.

JS Corrugating Machinery Backtested Returns

JS Corrugating Machinery retains Efficiency (Sharpe Ratio) of -0.0375, which attests that the entity had a -0.0375 % return per unit of price deviation over the last 3 months. JS Corrugating exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JS Corrugating's Information Ratio of (0.04), market risk adjusted performance of (0.20), and Coefficient Of Variation of (2,670) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JS Corrugating's returns are expected to increase less than the market. However, during the bear market, the loss of holding JS Corrugating is expected to be smaller as well. At this point, JS Corrugating Machinery has a negative expected return of -0.0779%. Please make sure to check out JS Corrugating's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if JS Corrugating Machinery performance from the past will be repeated sooner or later.

Auto-correlation

    
  0.10  

Insignificant predictability

JS Corrugating Machinery has insignificant predictability. Overlapping area represents the amount of predictability between JS Corrugating time series from 27th of February 2023 to 22nd of February 2024 and 22nd of February 2024 to 16th of February 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 JS Corrugating Machinery price movement. The serial correlation of 0.1 indicates that less than 10.0% of current JS Corrugating price fluctuation can be explain by its past prices.
Correlation Coefficient0.1
Spearman Rank Test0.17
Residual Average0.0
Price Variance2.37
000821 Returns000821 Lagged ReturnsDiversified Away000821 Returns000821 Lagged ReturnsDiversified Away100%

JS Corrugating Machinery lagged returns against current returns

Autocorrelation, which is JS Corrugating 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 JS Corrugating's stock expected returns. We can calculate the autocorrelation of JS Corrugating returns to help us make a trade decision. For example, suppose you find that JS Corrugating 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   
JavaScript chart by amCharts 3.21.15MarMayJulSepNov2025-50%-40%-30%-20%-10%0%10%20%
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
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JS Corrugating 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 JS Corrugating stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JS Corrugating stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JS Corrugating stock over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15MarMayJulSepNov20251416182022
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
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JS Corrugating Lagged Returns

When evaluating JS Corrugating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JS Corrugating stock have on its future price. JS Corrugating 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, JS Corrugating autocorrelation shows the relationship between JS Corrugating stock current value and its past values and can show if there is a momentum factor associated with investing in JS Corrugating Machinery.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15AprJulOct2024AprJulOct20251012141618202224
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

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Other Information on Investing in 000821 Stock

JS Corrugating financial ratios help investors to determine whether 000821 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 000821 with respect to the benefits of owning JS Corrugating security.