JA Solar's market value is the price at which a share of JA Solar trades on a public exchange. It measures the collective expectations of JA Solar Technology investors about its performance. JA Solar is trading at 13.35 as of the 18th of January 2025, a 0.6 percent decrease since the beginning of the trading day. The stock's open price was 13.43. With this module, you can estimate the performance of a buy and hold strategy of JA Solar Technology and determine expected loss or profit from investing in JA Solar over a given investment horizon. Check out JA Solar Correlation, JA Solar Volatility and JA Solar Alpha and Beta module to complement your research on JA Solar.
Please note, there is a significant difference between JA Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if JA Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JA Solar'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.
JA Solar '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 JA Solar'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 JA Solar.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure JA Solar'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 JA Solar Technology upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for JA Solar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JA Solar's standard deviation. In reality, there are many statistical measures that can use JA Solar historical prices to predict the future JA Solar's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as JA Solar. Your research has to be compared to or analyzed against JA Solar's peers to derive any actionable benefits. When done correctly, JA Solar'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 JA Solar Technology.
JA Solar Technology Backtested Returns
JA Solar Technology retains Efficiency (Sharpe Ratio) of -0.038, which attests that the company had a -0.038% return per unit of price deviation over the last 3 months. JA Solar exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JA Solar's Market Risk Adjusted Performance of (0.34), coefficient of variation of (2,633), and Information Ratio of (0.05) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, JA Solar's returns are expected to increase less than the market. However, during the bear market, the loss of holding JA Solar is expected to be smaller as well. At this point, JA Solar Technology has a negative expected return of -0.13%. Please make sure to check out JA Solar's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if JA Solar Technology performance from the past will be repeated sooner or later.
Auto-correlation
-0.27
Weak reverse predictability
JA Solar Technology has weak reverse predictability. Overlapping area represents the amount of predictability between JA Solar time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 JA Solar Technology price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current JA Solar price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.27
Spearman Rank Test
-0.15
Residual Average
0.0
Price Variance
0.11
JA Solar Technology lagged returns against current returns
Autocorrelation, which is JA Solar 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 JA Solar's stock expected returns. We can calculate the autocorrelation of JA Solar returns to help us make a trade decision. For example, suppose you find that JA Solar 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
JA Solar 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 JA Solar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JA Solar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JA Solar stock over time.
Current vs Lagged Prices
Timeline
JA Solar Lagged Returns
When evaluating JA Solar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JA Solar stock have on its future price. JA Solar 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, JA Solar autocorrelation shows the relationship between JA Solar stock current value and its past values and can show if there is a momentum factor associated with investing in JA Solar Technology.
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.
JA Solar financial ratios help investors to determine whether 002459 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 002459 with respect to the benefits of owning JA Solar security.