Shanghai Jinfeng (China) Market Value

600616 Stock   5.39  0.19  3.65%   
Shanghai Jinfeng's market value is the price at which a share of Shanghai Jinfeng trades on a public exchange. It measures the collective expectations of Shanghai Jinfeng Wine investors about its performance. Shanghai Jinfeng is trading at 5.39 as of the 17th of March 2025, a 3.65 percent increase since the beginning of the trading day. The stock's open price was 5.2.
With this module, you can estimate the performance of a buy and hold strategy of Shanghai Jinfeng Wine and determine expected loss or profit from investing in Shanghai Jinfeng over a given investment horizon. Check out Shanghai Jinfeng Correlation, Shanghai Jinfeng Volatility and Shanghai Jinfeng Alpha and Beta module to complement your research on Shanghai Jinfeng.
Symbol

Please note, there is a significant difference between Shanghai Jinfeng's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shanghai Jinfeng is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shanghai Jinfeng'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.

Shanghai Jinfeng '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 Shanghai Jinfeng'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 Shanghai Jinfeng.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Shanghai Jinfeng on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Shanghai Jinfeng Wine or generate 0.0% return on investment in Shanghai Jinfeng over 90 days. Shanghai Jinfeng is related to or competes with Keeson Technology, Tonghua Grape, JCHX Mining, Guangzhou Haozhi, Rising Nonferrous, Iat Automobile, and ROPEOK Technology. Shanghai Jinfeng is entity of China. It is traded as Stock on SHG exchange. More

Shanghai Jinfeng 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 Shanghai Jinfeng'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 Shanghai Jinfeng Wine upside and downside potential and time the market with a certain degree of confidence.

Shanghai Jinfeng Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shanghai Jinfeng's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shanghai Jinfeng's standard deviation. In reality, there are many statistical measures that can use Shanghai Jinfeng historical prices to predict the future Shanghai Jinfeng's volatility.
Hype
Prediction
LowEstimatedHigh
3.105.678.24
Details
Intrinsic
Valuation
LowRealHigh
2.364.937.50
Details
Naive
Forecast
LowNextHigh
2.915.488.06
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.030.030.04
Details

Shanghai Jinfeng Wine Backtested Returns

Shanghai Jinfeng Wine owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the firm had a -0.15 % return per unit of risk over the last 3 months. Shanghai Jinfeng Wine exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Shanghai Jinfeng's Risk Adjusted Performance of (0.03), variance of 9.3, and Coefficient Of Variation of (2,234) to confirm the risk estimate we provide. The entity has a beta of -0.0614, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Shanghai Jinfeng are expected to decrease at a much lower rate. During the bear market, Shanghai Jinfeng is likely to outperform the market. At this point, Shanghai Jinfeng Wine has a negative expected return of -0.37%. Please make sure to validate Shanghai Jinfeng's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shanghai Jinfeng Wine performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.18  

Very weak predictability

Shanghai Jinfeng Wine has very weak predictability. Overlapping area represents the amount of predictability between Shanghai Jinfeng time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Shanghai Jinfeng Wine price movement. The serial correlation of 0.18 indicates that over 18.0% of current Shanghai Jinfeng price fluctuation can be explain by its past prices.
Correlation Coefficient0.18
Spearman Rank Test0.41
Residual Average0.0
Price Variance0.01

Shanghai Jinfeng Wine lagged returns against current returns

Autocorrelation, which is Shanghai Jinfeng 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 Shanghai Jinfeng's stock expected returns. We can calculate the autocorrelation of Shanghai Jinfeng returns to help us make a trade decision. For example, suppose you find that Shanghai Jinfeng 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  

Shanghai Jinfeng 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 Shanghai Jinfeng stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shanghai Jinfeng stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shanghai Jinfeng stock over time.
   Current vs Lagged Prices   
       Timeline  

Shanghai Jinfeng Lagged Returns

When evaluating Shanghai Jinfeng's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shanghai Jinfeng stock have on its future price. Shanghai Jinfeng 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, Shanghai Jinfeng autocorrelation shows the relationship between Shanghai Jinfeng stock current value and its past values and can show if there is a momentum factor associated with investing in Shanghai Jinfeng Wine.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Shanghai Stock

Shanghai Jinfeng financial ratios help investors to determine whether Shanghai 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 Shanghai with respect to the benefits of owning Shanghai Jinfeng security.