Jiangxi Sunshine (China) Market Value
| 001318 Stock | 13.40 0.91 6.36% |
| Symbol | Jiangxi |
Jiangxi Sunshine '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 Jiangxi Sunshine'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 Jiangxi Sunshine.
| 11/20/2023 |
| 12/14/2024 |
If you would invest 0.00 in Jiangxi Sunshine on November 20, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangxi Sunshine Dairy or generate 0.0% return on investment in Jiangxi Sunshine over 390 days. Jiangxi Sunshine is related to or competes with New China, Ming Yang, Loctek Ergonomic, Hunan Nanling, Jiangsu Seagull, Inner Mongolia, and Shanghai Zhangjiang. Jiangxi Sunshine is entity of China. It is traded as Stock on SHE exchange. More
Jiangxi Sunshine 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 Jiangxi Sunshine'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 Jiangxi Sunshine Dairy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.78 | |||
| Information Ratio | 0.0951 | |||
| Maximum Drawdown | 17.11 | |||
| Value At Risk | (4.10) | |||
| Potential Upside | 5.56 |
Jiangxi Sunshine Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangxi Sunshine's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangxi Sunshine's standard deviation. In reality, there are many statistical measures that can use Jiangxi Sunshine historical prices to predict the future Jiangxi Sunshine's volatility.| Risk Adjusted Performance | 0.1012 | |||
| Jensen Alpha | 0.3805 | |||
| Total Risk Alpha | 0.0043 | |||
| Sortino Ratio | 0.1007 | |||
| Treynor Ratio | (3.12) |
Jiangxi Sunshine Dairy Backtested Returns
Jiangxi Sunshine appears to be somewhat reliable, given 3 months investment horizon. Jiangxi Sunshine Dairy holds Efficiency (Sharpe) Ratio of 0.23, which attests that the entity had a 0.23% return per unit of risk over the last 3 months. By evaluating Jiangxi Sunshine's technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Jiangxi Sunshine's Market Risk Adjusted Performance of (3.11), risk adjusted performance of 0.1012, and Downside Deviation of 2.78 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangxi Sunshine holds a performance score of 17. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangxi Sunshine are expected to decrease at a much lower rate. During the bear market, Jiangxi Sunshine is likely to outperform the market. Please check Jiangxi Sunshine'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 Jiangxi Sunshine's current trending patterns will revert.
Auto-correlation | -0.54 |
Good reverse predictability
Jiangxi Sunshine Dairy has good reverse predictability. Overlapping area represents the amount of predictability between Jiangxi Sunshine time series from 20th of November 2023 to 2nd of June 2024 and 2nd of June 2024 to 14th 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 Jiangxi Sunshine Dairy price movement. The serial correlation of -0.54 indicates that about 54.0% of current Jiangxi Sunshine price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
Jiangxi Sunshine Dairy lagged returns against current returns
Autocorrelation, which is Jiangxi Sunshine 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 Jiangxi Sunshine's stock expected returns. We can calculate the autocorrelation of Jiangxi Sunshine returns to help us make a trade decision. For example, suppose you find that Jiangxi Sunshine 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 |
Jiangxi Sunshine 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 Jiangxi Sunshine stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangxi Sunshine stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangxi Sunshine stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangxi Sunshine Lagged Returns
When evaluating Jiangxi Sunshine's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangxi Sunshine stock have on its future price. Jiangxi Sunshine 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, Jiangxi Sunshine autocorrelation shows the relationship between Jiangxi Sunshine stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangxi Sunshine Dairy.
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 Jiangxi Stock
Jiangxi Sunshine financial ratios help investors to determine whether Jiangxi 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 Jiangxi with respect to the benefits of owning Jiangxi Sunshine security.