Jiangxi Lianchuang's market value is the price at which a share of Jiangxi Lianchuang trades on a public exchange. It measures the collective expectations of Jiangxi Lianchuang Opto electronic investors about its performance. Jiangxi Lianchuang is trading at 44.60 as of the 11th of January 2025, a 2.68 percent decrease since the beginning of the trading day. The stock's open price was 45.83. With this module, you can estimate the performance of a buy and hold strategy of Jiangxi Lianchuang Opto electronic and determine expected loss or profit from investing in Jiangxi Lianchuang over a given investment horizon. Check out Jiangxi Lianchuang Correlation, Jiangxi Lianchuang Volatility and Jiangxi Lianchuang Alpha and Beta module to complement your research on Jiangxi Lianchuang.
Please note, there is a significant difference between Jiangxi Lianchuang's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jiangxi Lianchuang is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jiangxi Lianchuang'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.
Jiangxi Lianchuang '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 Jiangxi Lianchuang'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 Jiangxi Lianchuang.
0.00
06/15/2024
No Change 0.00
0.0
In 6 months and 30 days
01/11/2025
0.00
If you would invest 0.00 in Jiangxi Lianchuang on June 15, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangxi Lianchuang Opto electronic or generate 0.0% return on investment in Jiangxi Lianchuang over 210 days. Jiangxi Lianchuang is related to or competes with ROPEOK Technology, Tianshui Huatian, Jiangsu GDK, Guangzhou KingTeller, Kuangda Technology, Offshore Oil, and Citic Offshore. Jiangxi Lianchuang is entity of China. It is traded as Stock on SHG exchange. More
Jiangxi Lianchuang 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 Jiangxi Lianchuang'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 Jiangxi Lianchuang Opto electronic 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 Jiangxi Lianchuang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangxi Lianchuang's standard deviation. In reality, there are many statistical measures that can use Jiangxi Lianchuang historical prices to predict the future Jiangxi Lianchuang's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jiangxi Lianchuang. Your research has to be compared to or analyzed against Jiangxi Lianchuang's peers to derive any actionable benefits. When done correctly, Jiangxi Lianchuang'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 Jiangxi Lianchuang Opto.
Jiangxi Lianchuang Opto Backtested Returns
Jiangxi Lianchuang appears to be not too volatile, given 3 months investment horizon. Jiangxi Lianchuang Opto holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. By evaluating Jiangxi Lianchuang's technical indicators, you can evaluate if the expected return of 0.91% is justified by implied risk. Please utilize Jiangxi Lianchuang's Risk Adjusted Performance of 0.1462, downside deviation of 4.64, and Market Risk Adjusted Performance of (0.81) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangxi Lianchuang holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -1.04, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Jiangxi Lianchuang are expected to decrease slowly. On the other hand, during market turmoil, Jiangxi Lianchuang is expected to outperform it slightly. Please check Jiangxi Lianchuang's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Jiangxi Lianchuang's current trending patterns will revert.
Auto-correlation
-0.4
Poor reverse predictability
Jiangxi Lianchuang Opto electronic has poor reverse predictability. Overlapping area represents the amount of predictability between Jiangxi Lianchuang time series from 15th of June 2024 to 28th of September 2024 and 28th of September 2024 to 11th 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 Jiangxi Lianchuang Opto price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Jiangxi Lianchuang price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.4
Spearman Rank Test
-0.41
Residual Average
0.0
Price Variance
70.32
Jiangxi Lianchuang Opto lagged returns against current returns
Autocorrelation, which is Jiangxi Lianchuang 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 Jiangxi Lianchuang's stock expected returns. We can calculate the autocorrelation of Jiangxi Lianchuang returns to help us make a trade decision. For example, suppose you find that Jiangxi Lianchuang 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
Jiangxi Lianchuang 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 Jiangxi Lianchuang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangxi Lianchuang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangxi Lianchuang stock over time.
Current vs Lagged Prices
Timeline
Jiangxi Lianchuang Lagged Returns
When evaluating Jiangxi Lianchuang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangxi Lianchuang stock have on its future price. Jiangxi Lianchuang 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, Jiangxi Lianchuang autocorrelation shows the relationship between Jiangxi Lianchuang stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangxi Lianchuang Opto electronic.
Jiangxi Lianchuang financial ratios help investors to determine whether Jiangxi 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 Jiangxi with respect to the benefits of owning Jiangxi Lianchuang security.