Sailun Jinyu (China) Market Value
| 601058 Stock | 14.25 0.01 0.07% |
| Symbol | Sailun |
Sailun Jinyu '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 Sailun Jinyu'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 Sailun Jinyu.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Sailun Jinyu on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Sailun Jinyu Group or generate 0.0% return on investment in Sailun Jinyu over 180 days. Sailun Jinyu is related to or competes with New China, Ming Yang, Loctek Ergonomic, Hunan Nanling, Shandong Ruifeng, Jiangsu Seagull, and Inner Mongolia. Sailun Jinyu is entity of China. It is traded as Stock on SHG exchange. More
Sailun Jinyu 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 Sailun Jinyu'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 Sailun Jinyu Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.37 | |||
| Information Ratio | 0.047 | |||
| Maximum Drawdown | 13.39 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 5.01 |
Sailun Jinyu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sailun Jinyu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sailun Jinyu's standard deviation. In reality, there are many statistical measures that can use Sailun Jinyu historical prices to predict the future Sailun Jinyu's volatility.| Risk Adjusted Performance | 0.0622 | |||
| Jensen Alpha | 0.1669 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0456 | |||
| Treynor Ratio | (8.13) |
Sailun Jinyu Group Backtested Returns
At this point, Sailun Jinyu is not too volatile. Sailun Jinyu Group owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0278, which indicates the firm had a 0.0278% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sailun Jinyu Group, which you can use to evaluate the volatility of the company. Please validate Sailun Jinyu's Risk Adjusted Performance of 0.0622, coefficient of variation of 1308.64, and Semi Deviation of 2.14 to confirm if the risk estimate we provide is consistent with the expected return of 0.0634%. Sailun Jinyu has a performance score of 2 on a scale of 0 to 100. The entity has a beta of -0.0204, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sailun Jinyu are expected to decrease at a much lower rate. During the bear market, Sailun Jinyu is likely to outperform the market. Sailun Jinyu Group right now has a risk of 2.28%. Please validate Sailun Jinyu mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Sailun Jinyu will be following its existing price patterns.
Auto-correlation | -0.28 |
Weak reverse predictability
Sailun Jinyu Group has weak reverse predictability. Overlapping area represents the amount of predictability between Sailun Jinyu time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Sailun Jinyu Group price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Sailun Jinyu price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Sailun Jinyu Group lagged returns against current returns
Autocorrelation, which is Sailun Jinyu 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 Sailun Jinyu's stock expected returns. We can calculate the autocorrelation of Sailun Jinyu returns to help us make a trade decision. For example, suppose you find that Sailun Jinyu 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 |
Sailun Jinyu 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 Sailun Jinyu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sailun Jinyu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sailun Jinyu stock over time.
Current vs Lagged Prices |
| Timeline |
Sailun Jinyu Lagged Returns
When evaluating Sailun Jinyu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sailun Jinyu stock have on its future price. Sailun Jinyu 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, Sailun Jinyu autocorrelation shows the relationship between Sailun Jinyu stock current value and its past values and can show if there is a momentum factor associated with investing in Sailun Jinyu Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Sailun Stock
Sailun Jinyu financial ratios help investors to determine whether Sailun 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 Sailun with respect to the benefits of owning Sailun Jinyu security.