Jizhong Energy (China) Market Value
| 000937 Stock | 6.55 0.05 0.77% |
| Symbol | Jizhong |
Jizhong Energy '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 Jizhong Energy'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 Jizhong Energy.
| 12/09/2023 |
| 12/03/2024 |
If you would invest 0.00 in Jizhong Energy on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding Jizhong Energy Resources or generate 0.0% return on investment in Jizhong Energy over 360 days. Jizhong Energy is related to or competes with Nanjing Putian, ChengDu Hi, Guangdong Shenglu, Guangzhou Haige, Xinjiang Communications, Andon Health, and Heren Health. Jizhong Energy is entity of China. It is traded as Stock on SHE exchange. More
Jizhong Energy 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 Jizhong Energy'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 Jizhong Energy Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.31 | |||
| Information Ratio | 0.1066 | |||
| Maximum Drawdown | 16.15 | |||
| Value At Risk | (3.09) | |||
| Potential Upside | 4.31 |
Jizhong Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jizhong Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jizhong Energy's standard deviation. In reality, there are many statistical measures that can use Jizhong Energy historical prices to predict the future Jizhong Energy's volatility.| Risk Adjusted Performance | 0.1292 | |||
| Jensen Alpha | 0.3387 | |||
| Total Risk Alpha | 0.0149 | |||
| Sortino Ratio | 0.1068 | |||
| Treynor Ratio | 1.86 |
Jizhong Energy Resources Backtested Returns
Jizhong Energy appears to be somewhat reliable, given 3 months investment horizon. Jizhong Energy Resources holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jizhong Energy Resources, which you can use to evaluate the volatility of the firm. Please utilize Jizhong Energy's Market Risk Adjusted Performance of 1.87, downside deviation of 2.31, and Risk Adjusted Performance of 0.1292 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jizhong Energy holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jizhong Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jizhong Energy is expected to be smaller as well. Please check Jizhong Energy's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Jizhong Energy's current trending patterns will revert.
Auto-correlation | -0.38 |
Poor reverse predictability
Jizhong Energy Resources has poor reverse predictability. Overlapping area represents the amount of predictability between Jizhong Energy time series from 9th of December 2023 to 6th of June 2024 and 6th of June 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 Jizhong Energy Resources price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Jizhong Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Jizhong Energy Resources lagged returns against current returns
Autocorrelation, which is Jizhong Energy 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 Jizhong Energy's stock expected returns. We can calculate the autocorrelation of Jizhong Energy returns to help us make a trade decision. For example, suppose you find that Jizhong Energy 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 |
Jizhong Energy 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 Jizhong Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jizhong Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jizhong Energy stock over time.
Current vs Lagged Prices |
| Timeline |
Jizhong Energy Lagged Returns
When evaluating Jizhong Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jizhong Energy stock have on its future price. Jizhong Energy 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, Jizhong Energy autocorrelation shows the relationship between Jizhong Energy stock current value and its past values and can show if there is a momentum factor associated with investing in Jizhong Energy Resources.
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 Jizhong Stock
Jizhong Energy financial ratios help investors to determine whether Jizhong 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 Jizhong with respect to the benefits of owning Jizhong Energy security.