Jinhe Biotechnology (China) Market Value
| 002688 Stock | 4.59 0.04 0.88% |
| Symbol | Jinhe |
Jinhe Biotechnology '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 Jinhe Biotechnology'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 Jinhe Biotechnology.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Jinhe Biotechnology on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding Jinhe Biotechnology Co or generate 0.0% return on investment in Jinhe Biotechnology over 690 days. Jinhe Biotechnology is related to or competes with PetroChina, China Mobile, Ping An, China Petroleum, China Telecom, Kweichow Moutai, and China Life. Jinhe Biotechnology is entity of China. It is traded as Stock on SHE exchange. More
Jinhe Biotechnology 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 Jinhe Biotechnology'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 Jinhe Biotechnology Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.98 | |||
| Information Ratio | 0.1096 | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 4.05 |
Jinhe Biotechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinhe Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinhe Biotechnology's standard deviation. In reality, there are many statistical measures that can use Jinhe Biotechnology historical prices to predict the future Jinhe Biotechnology's volatility.| Risk Adjusted Performance | 0.1342 | |||
| Jensen Alpha | 0.3646 | |||
| Total Risk Alpha | 0.0254 | |||
| Sortino Ratio | 0.1217 | |||
| Treynor Ratio | (5.01) |
Jinhe Biotechnology Backtested Returns
Jinhe Biotechnology appears to be slightly risky, given 3 months investment horizon. Jinhe Biotechnology 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-eight technical indicators for Jinhe Biotechnology, which you can use to evaluate the volatility of the firm. Please utilize Jinhe Biotechnology's Risk Adjusted Performance of 0.1342, market risk adjusted performance of (5.00), and Downside Deviation of 1.98 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jinhe Biotechnology holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.0711, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jinhe Biotechnology are expected to decrease at a much lower rate. During the bear market, Jinhe Biotechnology is likely to outperform the market. Please check Jinhe Biotechnology's semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to make a quick decision on whether Jinhe Biotechnology's current trending patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Jinhe Biotechnology Co has insignificant predictability. Overlapping area represents the amount of predictability between Jinhe Biotechnology time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 to 29th of November 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 Jinhe Biotechnology price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Jinhe Biotechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Jinhe Biotechnology lagged returns against current returns
Autocorrelation, which is Jinhe Biotechnology 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 Jinhe Biotechnology's stock expected returns. We can calculate the autocorrelation of Jinhe Biotechnology returns to help us make a trade decision. For example, suppose you find that Jinhe Biotechnology 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 |
Jinhe Biotechnology 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 Jinhe Biotechnology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinhe Biotechnology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinhe Biotechnology stock over time.
Current vs Lagged Prices |
| Timeline |
Jinhe Biotechnology Lagged Returns
When evaluating Jinhe Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinhe Biotechnology stock have on its future price. Jinhe Biotechnology 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, Jinhe Biotechnology autocorrelation shows the relationship between Jinhe Biotechnology stock current value and its past values and can show if there is a momentum factor associated with investing in Jinhe Biotechnology Co.
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 Jinhe Stock
Jinhe Biotechnology financial ratios help investors to determine whether Jinhe 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 Jinhe with respect to the benefits of owning Jinhe Biotechnology security.