Jinxiandai Information's market value is the price at which a share of Jinxiandai Information trades on a public exchange. It measures the collective expectations of Jinxiandai Information Industry investors about its performance. Jinxiandai Information is trading at 7.65 as of the 9th of January 2025, a 0.26% increase since the beginning of the trading day. The stock's open price was 7.63. With this module, you can estimate the performance of a buy and hold strategy of Jinxiandai Information Industry and determine expected loss or profit from investing in Jinxiandai Information over a given investment horizon. Check out Jinxiandai Information Correlation, Jinxiandai Information Volatility and Jinxiandai Information Alpha and Beta module to complement your research on Jinxiandai Information.
Please note, there is a significant difference between Jinxiandai Information's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jinxiandai Information is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jinxiandai Information'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.
Jinxiandai Information '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 Jinxiandai Information'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 Jinxiandai Information.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jinxiandai Information'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 Jinxiandai Information Industry 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 Jinxiandai Information's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinxiandai Information's standard deviation. In reality, there are many statistical measures that can use Jinxiandai Information historical prices to predict the future Jinxiandai Information's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jinxiandai Information. Your research has to be compared to or analyzed against Jinxiandai Information's peers to derive any actionable benefits. When done correctly, Jinxiandai Information'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 Jinxiandai Information.
Jinxiandai Information Backtested Returns
Jinxiandai Information appears to be moderately volatile, given 3 months investment horizon. Jinxiandai Information holds Efficiency (Sharpe) Ratio of 0.048, which attests that the entity had a 0.048% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for Jinxiandai Information, which you can use to evaluate the volatility of the firm. Please utilize Jinxiandai Information's Market Risk Adjusted Performance of (1.07), risk adjusted performance of (0.01), and Standard Deviation of 5.2 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jinxiandai Information holds a performance score of 3. The company retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jinxiandai Information's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jinxiandai Information is expected to be smaller as well. Please check Jinxiandai Information's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to make a quick decision on whether Jinxiandai Information's current trending patterns will revert.
Auto-correlation
-0.28
Weak reverse predictability
Jinxiandai Information Industry has weak reverse predictability. Overlapping area represents the amount of predictability between Jinxiandai Information time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th 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 Jinxiandai Information price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Jinxiandai Information price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.28
Spearman Rank Test
-0.35
Residual Average
0.0
Price Variance
1.74
Jinxiandai Information lagged returns against current returns
Autocorrelation, which is Jinxiandai Information 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 Jinxiandai Information's stock expected returns. We can calculate the autocorrelation of Jinxiandai Information returns to help us make a trade decision. For example, suppose you find that Jinxiandai Information 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
Jinxiandai Information 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 Jinxiandai Information stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinxiandai Information stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinxiandai Information stock over time.
Current vs Lagged Prices
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Jinxiandai Information Lagged Returns
When evaluating Jinxiandai Information's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinxiandai Information stock have on its future price. Jinxiandai Information 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, Jinxiandai Information autocorrelation shows the relationship between Jinxiandai Information stock current value and its past values and can show if there is a momentum factor associated with investing in Jinxiandai Information Industry.
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 Jinxiandai Stock
Jinxiandai Information financial ratios help investors to determine whether Jinxiandai 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 Jinxiandai with respect to the benefits of owning Jinxiandai Information security.