Jonjee Hi-tech (China) Market Value
| 600872 Stock | 23.53 1.65 7.54% |
| Symbol | Jonjee |
Jonjee Hi-tech '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 Jonjee Hi-tech'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 Jonjee Hi-tech.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Jonjee Hi-tech on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Jonjee Hi tech Industrial or generate 0.0% return on investment in Jonjee Hi-tech over 540 days. Jonjee Hi-tech is related to or competes with Lutian Machinery, PetroChina, Bank of China, Gansu Jiu, Ming Yang, Aba Chemicals, and Inner Mongolia. Jonjee Hi-tech is entity of China. It is traded as Stock on SHG exchange. More
Jonjee Hi-tech 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 Jonjee Hi-tech'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 Jonjee Hi tech Industrial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.67 | |||
| Information Ratio | 0.0925 | |||
| Maximum Drawdown | 19.33 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 6.33 |
Jonjee Hi-tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jonjee Hi-tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jonjee Hi-tech's standard deviation. In reality, there are many statistical measures that can use Jonjee Hi-tech historical prices to predict the future Jonjee Hi-tech's volatility.| Risk Adjusted Performance | 0.1087 | |||
| Jensen Alpha | 0.362 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.1098 | |||
| Treynor Ratio | 1.01 |
Jonjee Hi tech Backtested Returns
Jonjee Hi-tech appears to be not too volatile, given 3 months investment horizon. Jonjee Hi tech holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. By evaluating Jonjee Hi-tech's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize Jonjee Hi-tech's Downside Deviation of 2.67, risk adjusted performance of 0.1087, and Market Risk Adjusted Performance of 1.02 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jonjee Hi-tech holds a performance score of 12. The company retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jonjee Hi-tech's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jonjee Hi-tech is expected to be smaller as well. Please check Jonjee Hi-tech's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Jonjee Hi-tech's current trending patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Jonjee Hi tech Industrial has average predictability. Overlapping area represents the amount of predictability between Jonjee Hi-tech time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Jonjee Hi tech price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Jonjee Hi-tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 14.93 |
Jonjee Hi tech lagged returns against current returns
Autocorrelation, which is Jonjee Hi-tech 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 Jonjee Hi-tech's stock expected returns. We can calculate the autocorrelation of Jonjee Hi-tech returns to help us make a trade decision. For example, suppose you find that Jonjee Hi-tech 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 |
Jonjee Hi-tech 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 Jonjee Hi-tech stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jonjee Hi-tech stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jonjee Hi-tech stock over time.
Current vs Lagged Prices |
| Timeline |
Jonjee Hi-tech Lagged Returns
When evaluating Jonjee Hi-tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jonjee Hi-tech stock have on its future price. Jonjee Hi-tech 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, Jonjee Hi-tech autocorrelation shows the relationship between Jonjee Hi-tech stock current value and its past values and can show if there is a momentum factor associated with investing in Jonjee Hi tech Industrial.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jonjee Stock
Jonjee Hi-tech financial ratios help investors to determine whether Jonjee 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 Jonjee with respect to the benefits of owning Jonjee Hi-tech security.