Jinzai Food (China) Market Value
| 003000 Stock | 12.53 0.04 0.32% |
| Symbol | Jinzai |
Jinzai Food '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 Jinzai Food'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 Jinzai Food.
| 12/23/2024 |
| 01/22/2025 |
If you would invest 0.00 in Jinzai Food on December 23, 2024 and sell it all today you would earn a total of 0.00 from holding Jinzai Food Group or generate 0.0% return on investment in Jinzai Food over 30 days. Jinzai Food is related to or competes with Cambricon Technologies, SGSG Sciencetechnolog, Loongson Technology, Jiangsu Flowers, Chongqing Road, Kuang Chi, and Semiconductor Manufacturing. Jinzai Food is entity of China. It is traded as Stock on SHE exchange. More
Jinzai Food 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 Jinzai Food'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 Jinzai Food Group upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 10.75 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.52 |
Jinzai Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinzai Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinzai Food's standard deviation. In reality, there are many statistical measures that can use Jinzai Food historical prices to predict the future Jinzai Food's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 1.99 |
Jinzai Food Group Backtested Returns
At this point, Jinzai Food is not too volatile. Jinzai Food Group holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Jinzai Food Group, which you can use to evaluate the volatility of the firm. Please check out Jinzai Food's Risk Adjusted Performance of (0.02), market risk adjusted performance of 2.0, and Standard Deviation of 2.73 to validate if the risk estimate we provide is consistent with the expected return of 0.022%. The company retains a Market Volatility (i.e., Beta) of -0.05, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jinzai Food are expected to decrease at a much lower rate. During the bear market, Jinzai Food is likely to outperform the market. Jinzai Food Group right now retains a risk of 2.56%. Please check out Jinzai Food coefficient of variation, information ratio, total risk alpha, as well as the relationship between the standard deviation and jensen alpha , to decide if Jinzai Food will be following its current trending patterns.
Auto-correlation | -0.5 |
Modest reverse predictability
Jinzai Food Group has modest reverse predictability. Overlapping area represents the amount of predictability between Jinzai Food time series from 23rd of December 2024 to 7th of January 2025 and 7th of January 2025 to 22nd 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 Jinzai Food Group price movement. The serial correlation of -0.5 indicates that about 50.0% of current Jinzai Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Jinzai Food Group lagged returns against current returns
Autocorrelation, which is Jinzai Food 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 Jinzai Food's stock expected returns. We can calculate the autocorrelation of Jinzai Food returns to help us make a trade decision. For example, suppose you find that Jinzai Food 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 |
Jinzai Food 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 Jinzai Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinzai Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinzai Food stock over time.
Current vs Lagged Prices |
| Timeline |
Jinzai Food Lagged Returns
When evaluating Jinzai Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinzai Food stock have on its future price. Jinzai Food 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, Jinzai Food autocorrelation shows the relationship between Jinzai Food stock current value and its past values and can show if there is a momentum factor associated with investing in Jinzai Food Group.
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 Jinzai Stock
Jinzai Food financial ratios help investors to determine whether Jinzai 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 Jinzai with respect to the benefits of owning Jinzai Food security.