Jiangsu Yike's market value is the price at which a share of Jiangsu Yike trades on a public exchange. It measures the collective expectations of Jiangsu Yike Food investors about its performance. Jiangsu Yike is trading at 11.59 as of the 6th of January 2025, a 6.98 percent decrease since the beginning of the trading day. The stock's open price was 12.46. With this module, you can estimate the performance of a buy and hold strategy of Jiangsu Yike Food and determine expected loss or profit from investing in Jiangsu Yike over a given investment horizon. Check out Jiangsu Yike Correlation, Jiangsu Yike Volatility and Jiangsu Yike Alpha and Beta module to complement your research on Jiangsu Yike.
Please note, there is a significant difference between Jiangsu Yike's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jiangsu Yike is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jiangsu Yike'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 Yike '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 Yike'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 Yike.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jiangsu Yike'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 Yike Food 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 Yike's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Yike's standard deviation. In reality, there are many statistical measures that can use Jiangsu Yike historical prices to predict the future Jiangsu Yike's volatility.
Jiangsu Yike Food holds Efficiency (Sharpe) Ratio of -0.0121, which attests that the entity had a -0.0121% return per unit of risk over the last 3 months. Jiangsu Yike Food exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Yike's Market Risk Adjusted Performance of (0.25), insignificant risk adjusted performance, and Standard Deviation of 4.91 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.26, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangsu Yike's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu Yike is expected to be smaller as well. At this point, Jiangsu Yike Food has a negative expected return of -0.0597%. Please make sure to check out Jiangsu Yike's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Jiangsu Yike Food performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.52
Good reverse predictability
Jiangsu Yike Food has good reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Yike time series from 13th of November 2023 to 10th of June 2024 and 10th of June 2024 to 6th 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 Yike Food price movement. The serial correlation of -0.52 indicates that about 52.0% of current Jiangsu Yike price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.52
Spearman Rank Test
-0.68
Residual Average
0.0
Price Variance
3.54
Jiangsu Yike Food lagged returns against current returns
Autocorrelation, which is Jiangsu Yike 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 Yike's stock expected returns. We can calculate the autocorrelation of Jiangsu Yike returns to help us make a trade decision. For example, suppose you find that Jiangsu Yike 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 Yike 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 Yike stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Yike stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Yike stock over time.
Current vs Lagged Prices
Timeline
Jiangsu Yike Lagged Returns
When evaluating Jiangsu Yike's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Yike stock have on its future price. Jiangsu Yike 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 Yike autocorrelation shows the relationship between Jiangsu Yike stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Yike Food.
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.
Jiangsu Yike 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 Yike security.