JS Corrugating (China) Market Value
| 000821 Stock | 13.04 0.20 1.51% |
| Symbol | 000821 |
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.
| 12/02/2023 |
| 12/26/2024 |
If you would invest 0.00 in JS Corrugating on December 2, 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 390 days. JS Corrugating is related to or competes with Bank of China, Kweichow Moutai, PetroChina, Bank of Communications, China Mobile, Ping An, and Shanghai Pudong. JS Corrugating is entity of China. It is traded as Stock on SHE exchange. 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.
| Downside Deviation | 3.71 | |||
| Information Ratio | 0.1162 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (4.98) | |||
| Potential Upside | 9.98 |
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.| Risk Adjusted Performance | 0.1095 | |||
| Jensen Alpha | 0.5323 | |||
| Total Risk Alpha | 0.3411 | |||
| Sortino Ratio | 0.132 | |||
| Treynor Ratio | (2.20) |
JS Corrugating Machinery Backtested Returns
JS Corrugating appears to be somewhat reliable, given 3 months investment horizon. JS Corrugating Machinery retains Efficiency (Sharpe Ratio) of 0.0772, which attests that the entity had a 0.0772% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for JS Corrugating, which you can use to evaluate the volatility of the firm. Please utilize JS Corrugating's Standard Deviation of 4.21, semi deviation of 3.24, and Market Risk Adjusted Performance of (2.19) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JS Corrugating holds a performance score of 6. The company owns a Beta (Systematic Risk) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JS Corrugating are expected to decrease at a much lower rate. During the bear market, JS Corrugating is likely to outperform the market. Please check JS Corrugating's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether JS Corrugating's current price history will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
JS Corrugating Machinery has weak reverse predictability. Overlapping area represents the amount of predictability between JS Corrugating time series from 2nd of December 2023 to 14th of June 2024 and 14th of June 2024 to 26th 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 JS Corrugating Machinery price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current JS Corrugating price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 2.98 |
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 |
| Timeline |
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 |
| Timeline |
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 |
| 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 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.