Jinduicheng Molybdenum's market value is the price at which a share of Jinduicheng Molybdenum trades on a public exchange. It measures the collective expectations of Jinduicheng Molybdenum Co investors about its performance. Jinduicheng Molybdenum is trading at 10.21 as of the 10th of January 2025, a 1.69 percent increase since the beginning of the trading day. The stock's open price was 10.04. With this module, you can estimate the performance of a buy and hold strategy of Jinduicheng Molybdenum Co and determine expected loss or profit from investing in Jinduicheng Molybdenum over a given investment horizon. Check out Jinduicheng Molybdenum Correlation, Jinduicheng Molybdenum Volatility and Jinduicheng Molybdenum Alpha and Beta module to complement your research on Jinduicheng Molybdenum.
Please note, there is a significant difference between Jinduicheng Molybdenum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Jinduicheng Molybdenum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Jinduicheng Molybdenum'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.
Jinduicheng Molybdenum '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 Jinduicheng Molybdenum'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 Jinduicheng Molybdenum.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Jinduicheng Molybdenum'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 Jinduicheng Molybdenum Co 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 Jinduicheng Molybdenum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jinduicheng Molybdenum's standard deviation. In reality, there are many statistical measures that can use Jinduicheng Molybdenum historical prices to predict the future Jinduicheng Molybdenum's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Jinduicheng Molybdenum. Your research has to be compared to or analyzed against Jinduicheng Molybdenum's peers to derive any actionable benefits. When done correctly, Jinduicheng Molybdenum'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 Jinduicheng Molybdenum.
Jinduicheng Molybdenum Backtested Returns
Jinduicheng Molybdenum holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Jinduicheng Molybdenum exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Jinduicheng Molybdenum's Risk Adjusted Performance of (0.08), market risk adjusted performance of 1.91, and Standard Deviation of 1.42 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0886, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jinduicheng Molybdenum are expected to decrease at a much lower rate. During the bear market, Jinduicheng Molybdenum is likely to outperform the market. At this point, Jinduicheng Molybdenum has a negative expected return of -0.16%. Please make sure to check out Jinduicheng Molybdenum's total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Jinduicheng Molybdenum performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.13
Insignificant reverse predictability
Jinduicheng Molybdenum Co has insignificant reverse predictability. Overlapping area represents the amount of predictability between Jinduicheng Molybdenum time series from 15th of April 2024 to 28th of August 2024 and 28th of August 2024 to 10th 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 Jinduicheng Molybdenum price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Jinduicheng Molybdenum price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.13
Spearman Rank Test
-0.11
Residual Average
0.0
Price Variance
0.36
Jinduicheng Molybdenum lagged returns against current returns
Autocorrelation, which is Jinduicheng Molybdenum 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 Jinduicheng Molybdenum's stock expected returns. We can calculate the autocorrelation of Jinduicheng Molybdenum returns to help us make a trade decision. For example, suppose you find that Jinduicheng Molybdenum 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
Jinduicheng Molybdenum 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 Jinduicheng Molybdenum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jinduicheng Molybdenum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jinduicheng Molybdenum stock over time.
Current vs Lagged Prices
Timeline
Jinduicheng Molybdenum Lagged Returns
When evaluating Jinduicheng Molybdenum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jinduicheng Molybdenum stock have on its future price. Jinduicheng Molybdenum 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, Jinduicheng Molybdenum autocorrelation shows the relationship between Jinduicheng Molybdenum stock current value and its past values and can show if there is a momentum factor associated with investing in Jinduicheng Molybdenum Co.
Other Information on Investing in Jinduicheng Stock
Jinduicheng Molybdenum financial ratios help investors to determine whether Jinduicheng 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 Jinduicheng with respect to the benefits of owning Jinduicheng Molybdenum security.