JA Solar (China) Market Value
| 002459 Stock | 12.77 0.24 1.92% |
| Symbol | 002459 |
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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in JA Solar on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding JA Solar Technology or generate 0.0% return on investment in JA Solar over 90 days. JA Solar is related to or competes with Shanghai Metersbonwe, Shandong Mining, Shenyang Blue, Sharetronic Data, HanS Laser, Beijing Kingsoft, and Olympic Circuit. JA Solar is entity of China. It is traded as Stock on SHE exchange. More
JA Solar 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 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.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 10.57 | |||
| Value At Risk | (3.87) | |||
| Potential Upside | 4.0 |
JA Solar Market Risk Indicators
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.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.38) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (5.12) |
JA Solar Technology Backtested Returns
JA Solar Technology retains Efficiency (Sharpe Ratio) of -0.0951, which attests that the company had a -0.0951 % return per unit of price deviation over the last 3 months. JA Solar exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out JA Solar's Information Ratio of (0.12), coefficient of variation of (632.52), and Market Risk Adjusted Performance of (5.11) to validate the risk estimate we provide. The firm owns a Beta (Systematic Risk) of 0.0754, which attests to not very significant fluctuations relative to the market. 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 -0.24%. Please make sure to check out JA Solar's market risk adjusted performance, coefficient of variation, information ratio, as well as 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 | 0.46 |
Average predictability
JA Solar Technology has average predictability. Overlapping area represents the amount of predictability between JA Solar time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 0.46 indicates that about 46.0% of current JA Solar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
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.Other Information on Investing in 002459 Stock
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.