Xiamen Jiarong (China) Market Value
| 301148 Stock | 17.76 0.01 0.06% |
| Symbol | Xiamen |
Xiamen Jiarong '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 Xiamen Jiarong'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 Xiamen Jiarong.
| 06/30/2023 |
| 01/20/2025 |
If you would invest 0.00 in Xiamen Jiarong on June 30, 2023 and sell it all today you would earn a total of 0.00 from holding Xiamen Jiarong Technology or generate 0.0% return on investment in Xiamen Jiarong over 570 days. Xiamen Jiarong is related to or competes with Zhengzhou Coal, Zhongshan Public, Zijin Mining, Chengtun Mining, Hainan Mining, Shengda Mining, and Pengxin International. More
Xiamen Jiarong 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 Xiamen Jiarong'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 Xiamen Jiarong Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (4.03) | |||
| Potential Upside | 3.49 |
Xiamen Jiarong Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xiamen Jiarong's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xiamen Jiarong's standard deviation. In reality, there are many statistical measures that can use Xiamen Jiarong historical prices to predict the future Xiamen Jiarong's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (1.68) |
Xiamen Jiarong Technology Backtested Returns
Xiamen Jiarong Technology shows Sharpe Ratio of -0.057, which attests that the company had a -0.057 % return per unit of risk over the last 3 months. Xiamen Jiarong Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xiamen Jiarong's Mean Deviation of 1.68, standard deviation of 2.2, and Market Risk Adjusted Performance of (1.67) to validate the risk estimate we provide. The firm maintains a market beta of 0.0806, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xiamen Jiarong's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xiamen Jiarong is expected to be smaller as well. At this point, Xiamen Jiarong Technology has a negative expected return of -0.13%. Please make sure to check out Xiamen Jiarong's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Xiamen Jiarong Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.58 |
Good reverse predictability
Xiamen Jiarong Technology has good reverse predictability. Overlapping area represents the amount of predictability between Xiamen Jiarong time series from 30th of June 2023 to 10th of April 2024 and 10th of April 2024 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 Xiamen Jiarong Technology price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Xiamen Jiarong price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 2.99 |
Xiamen Jiarong Technology lagged returns against current returns
Autocorrelation, which is Xiamen Jiarong 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 Xiamen Jiarong's stock expected returns. We can calculate the autocorrelation of Xiamen Jiarong returns to help us make a trade decision. For example, suppose you find that Xiamen Jiarong 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 |
Xiamen Jiarong 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 Xiamen Jiarong stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xiamen Jiarong stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xiamen Jiarong stock over time.
Current vs Lagged Prices |
| Timeline |
Xiamen Jiarong Lagged Returns
When evaluating Xiamen Jiarong's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xiamen Jiarong stock have on its future price. Xiamen Jiarong 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, Xiamen Jiarong autocorrelation shows the relationship between Xiamen Jiarong stock current value and its past values and can show if there is a momentum factor associated with investing in Xiamen Jiarong Technology.
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 Xiamen Stock
Xiamen Jiarong financial ratios help investors to determine whether Xiamen 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 Xiamen with respect to the benefits of owning Xiamen Jiarong security.