Jiangsu Apon (China) Market Value
| 300753 Stock | 19.51 0.55 2.74% |
| Symbol | Jiangsu |
Jiangsu Apon '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 Apon'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 Apon.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Jiangsu Apon on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Apon Medical or generate 0.0% return on investment in Jiangsu Apon over 30 days. Jiangsu Apon is related to or competes with Chengdu B, Shengda Mining, JiShi Media, Uroica Mining, Jinhui Mining, Changjiang Publishing, and Western Mining. More
Jiangsu Apon 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 Apon'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 Apon Medical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.91 | |||
| Information Ratio | 0.0859 | |||
| Maximum Drawdown | 33.29 | |||
| Value At Risk | (8.38) | |||
| Potential Upside | 8.27 |
Jiangsu Apon Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Apon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Apon's standard deviation. In reality, there are many statistical measures that can use Jiangsu Apon historical prices to predict the future Jiangsu Apon's volatility.| Risk Adjusted Performance | 0.0847 | |||
| Jensen Alpha | 0.5077 | |||
| Total Risk Alpha | 0.3671 | |||
| Sortino Ratio | 0.0976 | |||
| Treynor Ratio | (1.07) |
Jiangsu Apon Medical Backtested Returns
Jiangsu Apon appears to be somewhat reliable, given 3 months investment horizon. Jiangsu Apon Medical holds Efficiency (Sharpe) Ratio of 0.0912, which attests that the entity had a 0.0912 % return per unit of risk over the last 3 months. By evaluating Jiangsu Apon's technical indicators, you can evaluate if the expected return of 0.51% is justified by implied risk. Please utilize Jiangsu Apon's Downside Deviation of 4.91, risk adjusted performance of 0.0847, and Market Risk Adjusted Performance of (1.06) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Apon holds a performance score of 7. The company retains a Market Volatility (i.e., Beta) of -0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jiangsu Apon are expected to decrease at a much lower rate. During the bear market, Jiangsu Apon is likely to outperform the market. Please check Jiangsu Apon'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 Jiangsu Apon's current trending patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Jiangsu Apon Medical has good reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Apon time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th 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 Apon Medical price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Jiangsu Apon price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.78 |
Jiangsu Apon Medical lagged returns against current returns
Autocorrelation, which is Jiangsu Apon 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 Apon's stock expected returns. We can calculate the autocorrelation of Jiangsu Apon returns to help us make a trade decision. For example, suppose you find that Jiangsu Apon 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 Apon 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 Apon stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Apon stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Apon stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Apon Lagged Returns
When evaluating Jiangsu Apon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Apon stock have on its future price. Jiangsu Apon 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 Apon autocorrelation shows the relationship between Jiangsu Apon stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Apon Medical.
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 Jiangsu Stock
Jiangsu Apon 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 Apon security.