Jiangsu Zhongtian (China) Market Value
| 600522 Stock | 15.84 0.04 0.25% |
| Symbol | Jiangsu |
Jiangsu Zhongtian '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 Zhongtian'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 Zhongtian.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Jiangsu Zhongtian on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Jiangsu Zhongtian Technology or generate 0.0% return on investment in Jiangsu Zhongtian over 720 days. Jiangsu Zhongtian is related to or competes with Industrial, Agricultural Bank, China Construction, Bank of China, Postal Savings, Bank of Communications, and China Merchants. Jiangsu Zhongtian is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Zhongtian 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 Zhongtian'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 Zhongtian Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.63 | |||
| Information Ratio | 0.0857 | |||
| Maximum Drawdown | 16.27 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 5.1 |
Jiangsu Zhongtian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Zhongtian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Zhongtian's standard deviation. In reality, there are many statistical measures that can use Jiangsu Zhongtian historical prices to predict the future Jiangsu Zhongtian's volatility.| Risk Adjusted Performance | 0.0986 | |||
| Jensen Alpha | 0.3226 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0916 | |||
| Treynor Ratio | 1.74 |
Jiangsu Zhongtian Backtested Returns
Jiangsu Zhongtian appears to be not too volatile, given 3 months investment horizon. Jiangsu Zhongtian holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Jiangsu Zhongtian, which you can use to evaluate the volatility of the firm. Please utilize Jiangsu Zhongtian's Market Risk Adjusted Performance of 1.75, downside deviation of 2.63, and Risk Adjusted Performance of 0.0986 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Zhongtian holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Jiangsu Zhongtian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu Zhongtian is expected to be smaller as well. Please check Jiangsu Zhongtian'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 Jiangsu Zhongtian's current trending patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Jiangsu Zhongtian Technology has weak reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Zhongtian time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th of December 2024. 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 Zhongtian price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Jiangsu Zhongtian price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 2.29 |
Jiangsu Zhongtian lagged returns against current returns
Autocorrelation, which is Jiangsu Zhongtian 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 Zhongtian's stock expected returns. We can calculate the autocorrelation of Jiangsu Zhongtian returns to help us make a trade decision. For example, suppose you find that Jiangsu Zhongtian 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 Zhongtian 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 Zhongtian stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Zhongtian stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Zhongtian stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Zhongtian Lagged Returns
When evaluating Jiangsu Zhongtian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Zhongtian stock have on its future price. Jiangsu Zhongtian 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 Zhongtian autocorrelation shows the relationship between Jiangsu Zhongtian stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Zhongtian Technology.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Zhongtian 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 Zhongtian security.