JiShi Media (China) Market Value
| 601929 Stock | 1.83 0.03 1.67% |
| Symbol | JiShi |
JiShi Media '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 JiShi Media'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 JiShi Media.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in JiShi Media on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding JiShi Media Co or generate 0.0% return on investment in JiShi Media over 30 days. JiShi Media is related to or competes with BYD Co, Agricultural Bank, Industrial, China State, China Construction, PetroChina, and China Petroleum. JiShi Media is entity of China. It is traded as Stock on SHG exchange. More
JiShi Media 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 JiShi Media'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 JiShi Media Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.89 | |||
| Information Ratio | 0.1917 | |||
| Maximum Drawdown | 20.01 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 7.97 |
JiShi Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JiShi Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JiShi Media's standard deviation. In reality, there are many statistical measures that can use JiShi Media historical prices to predict the future JiShi Media's volatility.| Risk Adjusted Performance | 0.1784 | |||
| Jensen Alpha | 0.9049 | |||
| Total Risk Alpha | 0.2844 | |||
| Sortino Ratio | 0.2025 | |||
| Treynor Ratio | (79.26) |
JiShi Media Backtested Returns
JiShi Media is dangerous given 3 months investment horizon. JiShi Media holds Efficiency (Sharpe) Ratio of 0.25, which attests that the entity had a 0.25% return per unit of volatility over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.07% are justified by taking the suggested risk. Use JiShi Media Co risk adjusted performance of 0.1784, and Market Risk Adjusted Performance of (79.25) to evaluate company specific risk that cannot be diversified away. JiShi Media holds a performance score of 19 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.0114, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning JiShi Media are expected to decrease at a much lower rate. During the bear market, JiShi Media is likely to outperform the market. Use JiShi Media Co standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on JiShi Media Co.
Auto-correlation | -0.03 |
Very weak reverse predictability
JiShi Media Co has very weak reverse predictability. Overlapping area represents the amount of predictability between JiShi Media time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 JiShi Media price movement. The serial correlation of -0.03 indicates that only 3.0% of current JiShi Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
JiShi Media lagged returns against current returns
Autocorrelation, which is JiShi Media 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 JiShi Media's stock expected returns. We can calculate the autocorrelation of JiShi Media returns to help us make a trade decision. For example, suppose you find that JiShi Media 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 |
JiShi Media 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 JiShi Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JiShi Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JiShi Media stock over time.
Current vs Lagged Prices |
| Timeline |
JiShi Media Lagged Returns
When evaluating JiShi Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JiShi Media stock have on its future price. JiShi Media 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, JiShi Media autocorrelation shows the relationship between JiShi Media stock current value and its past values and can show if there is a momentum factor associated with investing in JiShi Media Co.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in JiShi Stock
JiShi Media financial ratios help investors to determine whether JiShi 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 JiShi with respect to the benefits of owning JiShi Media security.