Jilin Yatai's market value is the price at which a share of Jilin Yatai trades on a public exchange. It measures the collective expectations of Jilin Yatai Group investors about its performance. Jilin Yatai is trading at 1.96 as of the 6th of January 2025, a 3.70 percent increase since the beginning of the trading day. The stock's open price was 1.89. With this module, you can estimate the performance of a buy and hold strategy of Jilin Yatai Group and determine expected loss or profit from investing in Jilin Yatai over a given investment horizon. Check out Jilin Yatai Correlation, Jilin Yatai Volatility and Jilin Yatai Alpha and Beta module to complement your research on Jilin Yatai.
Please note, there is a significant difference between Jilin Yatai's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jilin Yatai is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jilin Yatai'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.
Jilin Yatai '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 Jilin Yatai'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 Jilin Yatai.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jilin Yatai'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 Jilin Yatai Group 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 Jilin Yatai's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jilin Yatai's standard deviation. In reality, there are many statistical measures that can use Jilin Yatai historical prices to predict the future Jilin Yatai's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jilin Yatai. Your research has to be compared to or analyzed against Jilin Yatai's peers to derive any actionable benefits. When done correctly, Jilin Yatai'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 Jilin Yatai Group.
Jilin Yatai Group Backtested Returns
At this point, Jilin Yatai is dangerous. Jilin Yatai Group holds Efficiency (Sharpe) Ratio of 0.0129, which attests that the entity had a 0.0129% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jilin Yatai Group, which you can use to evaluate the volatility of the firm. Please check out Jilin Yatai's Risk Adjusted Performance of 0.0713, downside deviation of 5.23, and Market Risk Adjusted Performance of (0.81) to validate if the risk estimate we provide is consistent with the expected return of 0.0752%. Jilin Yatai has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jilin Yatai are expected to decrease at a much lower rate. During the bear market, Jilin Yatai is likely to outperform the market. Jilin Yatai Group right now retains a risk of 5.84%. Please check out Jilin Yatai semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Jilin Yatai will be following its current trending patterns.
Auto-correlation
-0.53
Good reverse predictability
Jilin Yatai Group has good reverse predictability. Overlapping area represents the amount of predictability between Jilin Yatai time series from 7th of December 2024 to 22nd of December 2024 and 22nd of December 2024 to 6th 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 Jilin Yatai Group price movement. The serial correlation of -0.53 indicates that about 53.0% of current Jilin Yatai price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.53
Spearman Rank Test
0.03
Residual Average
0.0
Price Variance
0.0
Jilin Yatai Group lagged returns against current returns
Autocorrelation, which is Jilin Yatai 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 Jilin Yatai's stock expected returns. We can calculate the autocorrelation of Jilin Yatai returns to help us make a trade decision. For example, suppose you find that Jilin Yatai 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
Jilin Yatai 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 Jilin Yatai stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jilin Yatai stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jilin Yatai stock over time.
Current vs Lagged Prices
Timeline
Jilin Yatai Lagged Returns
When evaluating Jilin Yatai's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jilin Yatai stock have on its future price. Jilin Yatai 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, Jilin Yatai autocorrelation shows the relationship between Jilin Yatai stock current value and its past values and can show if there is a momentum factor associated with investing in Jilin Yatai Group.
Jilin Yatai financial ratios help investors to determine whether Jilin 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 Jilin with respect to the benefits of owning Jilin Yatai security.