Jiangsu Changhai's market value is the price at which a share of Jiangsu Changhai trades on a public exchange. It measures the collective expectations of Jiangsu Changhai Compos investors about its performance. Jiangsu Changhai is trading at 10.27 as of the 4th of January 2025, a 3.11 percent decrease since the beginning of the trading day. The stock's open price was 10.6. With this module, you can estimate the performance of a buy and hold strategy of Jiangsu Changhai Compos and determine expected loss or profit from investing in Jiangsu Changhai over a given investment horizon. Check out Jiangsu Changhai Correlation, Jiangsu Changhai Volatility and Jiangsu Changhai Alpha and Beta module to complement your research on Jiangsu Changhai.
Please note, there is a significant difference between Jiangsu Changhai's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jiangsu Changhai is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jiangsu Changhai's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Jiangsu Changhai '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 Jiangsu Changhai'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 Jiangsu Changhai.
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11/05/2024
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In 2 months and 2 days
01/04/2025
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If you would invest 0.00 in Jiangsu Changhai on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Changhai Compos or generate 0.0% return on investment in Jiangsu Changhai over 60 days. Jiangsu Changhai is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Jiangsu Changhai is entity of China. It is traded as Stock on SHE exchange. More
Jiangsu Changhai 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 Jiangsu Changhai'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 Jiangsu Changhai Compos upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Changhai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Changhai's standard deviation. In reality, there are many statistical measures that can use Jiangsu Changhai historical prices to predict the future Jiangsu Changhai's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jiangsu Changhai. Your research has to be compared to or analyzed against Jiangsu Changhai's peers to derive any actionable benefits. When done correctly, Jiangsu Changhai's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Jiangsu Changhai Compos.
Jiangsu Changhai Compos Backtested Returns
Jiangsu Changhai Compos holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Jiangsu Changhai Compos exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Changhai's Market Risk Adjusted Performance of 0.354, downside deviation of 2.93, and Risk Adjusted Performance of 0.0242 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangsu Changhai's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu Changhai is expected to be smaller as well. At this point, Jiangsu Changhai Compos has a negative expected return of -0.32%. Please make sure to check out Jiangsu Changhai's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to decide if Jiangsu Changhai Compos performance from the past will be repeated at some point in the near future.
Auto-correlation
0.79
Good predictability
Jiangsu Changhai Compos has good predictability. Overlapping area represents the amount of predictability between Jiangsu Changhai time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Jiangsu Changhai Compos price movement. The serial correlation of 0.79 indicates that around 79.0% of current Jiangsu Changhai price fluctuation can be explain by its past prices.
Correlation Coefficient
0.79
Spearman Rank Test
0.74
Residual Average
0.0
Price Variance
0.31
Jiangsu Changhai Compos lagged returns against current returns
Autocorrelation, which is Jiangsu Changhai 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 Jiangsu Changhai's stock expected returns. We can calculate the autocorrelation of Jiangsu Changhai returns to help us make a trade decision. For example, suppose you find that Jiangsu Changhai 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
Jiangsu Changhai 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 Jiangsu Changhai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Changhai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Changhai stock over time.
Current vs Lagged Prices
Timeline
Jiangsu Changhai Lagged Returns
When evaluating Jiangsu Changhai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Changhai stock have on its future price. Jiangsu Changhai 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, Jiangsu Changhai autocorrelation shows the relationship between Jiangsu Changhai stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Changhai Compos.
Regressed Prices
Timeline
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Jiangsu Changhai financial ratios help investors to determine whether Jiangsu 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 Jiangsu with respect to the benefits of owning Jiangsu Changhai security.