Jinlong Machinery (China) Market Value
| 300032 Stock | 4.39 0.03 0.68% |
| Symbol | Jinlong |
Jinlong Machinery '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 Jinlong Machinery'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 Jinlong Machinery.
| 02/03/2023 |
| 01/23/2025 |
If you would invest 0.00 in Jinlong Machinery on February 3, 2023 and sell it all today you would earn a total of 0.00 from holding Jinlong Machinery Electronic or generate 0.0% return on investment in Jinlong Machinery over 720 days. Jinlong Machinery is related to or competes with Kweichow Moutai, Contemporary Amperex, Beijing Roborock, BYD Co, Anhui Gujing, and Anhui Gujing. Jinlong Machinery is entity of China. It is traded as Stock on SHE exchange. More
Jinlong Machinery 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 Jinlong Machinery'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 Jinlong Machinery Electronic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.5 | |||
| Information Ratio | 9.0E-4 | |||
| Maximum Drawdown | 30.15 | |||
| Value At Risk | (6.16) | |||
| Potential Upside | 7.54 |
Jinlong Machinery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jinlong Machinery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinlong Machinery's standard deviation. In reality, there are many statistical measures that can use Jinlong Machinery historical prices to predict the future Jinlong Machinery's volatility.| Risk Adjusted Performance | 0.0152 | |||
| Jensen Alpha | 0.0262 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 9.0E-4 | |||
| Treynor Ratio | 0.2274 |
Jinlong Machinery Backtested Returns
Jinlong Machinery holds Efficiency (Sharpe) Ratio of -0.0656, which attests that the entity had a -0.0656 % return per unit of risk over the last 3 months. Jinlong Machinery exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jinlong Machinery's Market Risk Adjusted Performance of 0.2374, downside deviation of 4.5, and Risk Adjusted Performance of 0.0152 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jinlong Machinery's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jinlong Machinery is expected to be smaller as well. At this point, Jinlong Machinery has a negative expected return of -0.3%. Please make sure to check out Jinlong Machinery's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Jinlong Machinery performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Jinlong Machinery Electronic has virtually no predictability. Overlapping area represents the amount of predictability between Jinlong Machinery time series from 3rd of February 2023 to 29th of January 2024 and 29th of January 2024 to 23rd 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 Jinlong Machinery price movement. The serial correlation of 0.02 indicates that only 2.0% of current Jinlong Machinery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Jinlong Machinery lagged returns against current returns
Autocorrelation, which is Jinlong Machinery 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 Jinlong Machinery's stock expected returns. We can calculate the autocorrelation of Jinlong Machinery returns to help us make a trade decision. For example, suppose you find that Jinlong Machinery 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 |
Jinlong Machinery 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 Jinlong Machinery stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinlong Machinery stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinlong Machinery stock over time.
Current vs Lagged Prices |
| Timeline |
Jinlong Machinery Lagged Returns
When evaluating Jinlong Machinery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinlong Machinery stock have on its future price. Jinlong Machinery 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, Jinlong Machinery autocorrelation shows the relationship between Jinlong Machinery stock current value and its past values and can show if there is a momentum factor associated with investing in Jinlong Machinery Electronic.
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 Jinlong Stock
Jinlong Machinery financial ratios help investors to determine whether Jinlong 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 Jinlong with respect to the benefits of owning Jinlong Machinery security.