Jiangxi Ganfeng (China) Market Value
| 002460 Stock | 36.43 0.25 0.68% |
| Symbol | Jiangxi |
Jiangxi Ganfeng '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 Ganfeng'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 Ganfeng.
| 03/24/2024 |
| 12/19/2024 |
If you would invest 0.00 in Jiangxi Ganfeng on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangxi Ganfeng Lithium or generate 0.0% return on investment in Jiangxi Ganfeng over 270 days. Jiangxi Ganfeng is related to or competes with Zhejiang Publishing, Liuzhou Chemical, Heilongjiang Publishing, Guizhou Chanhen, Jinhui Liquor, North Huajin, and Shandong Publishing. Jiangxi Ganfeng is entity of China. It is traded as Stock on SHE exchange. More
Jiangxi Ganfeng 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 Ganfeng'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 Ganfeng Lithium upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.56 | |||
| Information Ratio | 0.1368 | |||
| Maximum Drawdown | 20.0 | |||
| Value At Risk | (6.14) | |||
| Potential Upside | 9.99 |
Jiangxi Ganfeng Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangxi Ganfeng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangxi Ganfeng's standard deviation. In reality, there are many statistical measures that can use Jiangxi Ganfeng historical prices to predict the future Jiangxi Ganfeng's volatility.| Risk Adjusted Performance | 0.1221 | |||
| Jensen Alpha | 0.6251 | |||
| Total Risk Alpha | 0.519 | |||
| Sortino Ratio | 0.1703 | |||
| Treynor Ratio | 24.34 |
Jiangxi Ganfeng Lithium Backtested Returns
Jiangxi Ganfeng appears to be not too volatile, given 3 months investment horizon. Jiangxi Ganfeng Lithium holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Jiangxi Ganfeng's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please utilize Jiangxi Ganfeng's Downside Deviation of 3.56, market risk adjusted performance of 24.35, and Risk Adjusted Performance of 0.1221 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangxi Ganfeng holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.0257, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangxi Ganfeng's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangxi Ganfeng is expected to be smaller as well. Please check Jiangxi Ganfeng'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 Ganfeng's current trending patterns will revert.
Auto-correlation | -0.9 |
Excellent reverse predictability
Jiangxi Ganfeng Lithium has excellent reverse predictability. Overlapping area represents the amount of predictability between Jiangxi Ganfeng time series from 24th of March 2024 to 6th of August 2024 and 6th of August 2024 to 19th 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 Ganfeng Lithium price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Jiangxi Ganfeng price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 35.63 |
Jiangxi Ganfeng Lithium lagged returns against current returns
Autocorrelation, which is Jiangxi Ganfeng 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 Ganfeng's stock expected returns. We can calculate the autocorrelation of Jiangxi Ganfeng returns to help us make a trade decision. For example, suppose you find that Jiangxi Ganfeng 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 Ganfeng 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 Ganfeng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangxi Ganfeng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangxi Ganfeng stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangxi Ganfeng Lagged Returns
When evaluating Jiangxi Ganfeng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangxi Ganfeng stock have on its future price. Jiangxi Ganfeng 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 Ganfeng autocorrelation shows the relationship between Jiangxi Ganfeng stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangxi Ganfeng Lithium.
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 Ganfeng 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 Ganfeng security.