Jiangsu Broadcasting (China) Market Value
600959 Stock | 3.55 0.01 0.28% |
Symbol | Jiangsu |
Jiangsu Broadcasting '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 Broadcasting'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 Broadcasting.
12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Jiangsu Broadcasting on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Jiangsu Broadcasting Cable or generate 0.0% return on investment in Jiangsu Broadcasting over 90 days. Jiangsu Broadcasting is related to or competes with Nuode Investment, China Minmetals, Zhengzhou Coal, Western Metal, Jointo Energy, Anhui Jinhe, and Zhejiang Construction. Jiangsu Broadcasting is entity of China. It is traded as Stock on SHG exchange. More
Jiangsu Broadcasting 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 Broadcasting'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 Broadcasting Cable upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 2.03 | |||
Information Ratio | 0.0481 | |||
Maximum Drawdown | 15.12 | |||
Value At Risk | (3.05) | |||
Potential Upside | 3.21 |
Jiangsu Broadcasting Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Broadcasting's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Broadcasting's standard deviation. In reality, there are many statistical measures that can use Jiangsu Broadcasting historical prices to predict the future Jiangsu Broadcasting's volatility.Risk Adjusted Performance | 0.0141 | |||
Jensen Alpha | (0.0008) | |||
Total Risk Alpha | 0.3267 | |||
Sortino Ratio | 0.0596 | |||
Treynor Ratio | (0.10) |
Jiangsu Broadcasting Backtested Returns
Jiangsu Broadcasting holds Efficiency (Sharpe) Ratio of -0.0399, which attests that the entity had a -0.0399 % return per unit of risk over the last 3 months. Jiangsu Broadcasting exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jiangsu Broadcasting's Downside Deviation of 2.03, risk adjusted performance of 0.0141, and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jiangsu Broadcasting are expected to decrease at a much lower rate. During the bear market, Jiangsu Broadcasting is likely to outperform the market. At this point, Jiangsu Broadcasting has a negative expected return of -0.0859%. Please make sure to check out Jiangsu Broadcasting's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to decide if Jiangsu Broadcasting performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Jiangsu Broadcasting Cable has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jiangsu Broadcasting 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 Jiangsu Broadcasting price movement. The serial correlation of -0.18 indicates that over 18.0% of current Jiangsu Broadcasting price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.18 | |
Spearman Rank Test | -0.16 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Jiangsu Broadcasting lagged returns against current returns
Autocorrelation, which is Jiangsu Broadcasting 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 Broadcasting's stock expected returns. We can calculate the autocorrelation of Jiangsu Broadcasting returns to help us make a trade decision. For example, suppose you find that Jiangsu Broadcasting 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 Broadcasting 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 Broadcasting stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Broadcasting stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Broadcasting stock over time.
Current vs Lagged Prices |
Timeline |
Jiangsu Broadcasting Lagged Returns
When evaluating Jiangsu Broadcasting's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Broadcasting stock have on its future price. Jiangsu Broadcasting 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 Broadcasting autocorrelation shows the relationship between Jiangsu Broadcasting stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Broadcasting Cable.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Broadcasting 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 Broadcasting security.