Jason Furniture (China) Market Value
| 603816 Stock | 28.89 0.56 1.98% |
| Symbol | Jason |
Jason Furniture '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 Jason Furniture'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 Jason Furniture.
| 10/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Jason Furniture on October 19, 2024 and sell it all today you would earn a total of 0.00 from holding Jason Furniture or generate 0.0% return on investment in Jason Furniture over 60 days. Jason Furniture is related to or competes with Lutian Machinery, China Longyuan, PetroChina, Bank of China, Guangxi Guiguan, Yantai North, and Huaneng Lancang. Jason Furniture is entity of China. It is traded as Stock on SHG exchange. More
Jason Furniture 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 Jason Furniture'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 Jason Furniture upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.084 | |||
| Maximum Drawdown | 16.96 | |||
| Value At Risk | (3.84) | |||
| Potential Upside | 6.38 |
Jason Furniture Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jason Furniture's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jason Furniture's standard deviation. In reality, there are many statistical measures that can use Jason Furniture historical prices to predict the future Jason Furniture's volatility.| Risk Adjusted Performance | 0.0826 | |||
| Jensen Alpha | 0.3722 | |||
| Total Risk Alpha | 0.0735 | |||
| Sortino Ratio | 0.0954 | |||
| Treynor Ratio | (1.49) |
Jason Furniture Backtested Returns
Jason Furniture appears to be not too volatile, given 3 months investment horizon. Jason Furniture holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jason Furniture, which you can use to evaluate the volatility of the firm. Please utilize Jason Furniture's Downside Deviation of 3.15, market risk adjusted performance of (1.48), and Risk Adjusted Performance of 0.0826 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jason Furniture holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Jason Furniture are expected to decrease at a much lower rate. During the bear market, Jason Furniture is likely to outperform the market. Please check Jason Furniture's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Jason Furniture's current trending patterns will revert.
Auto-correlation | -0.56 |
Good reverse predictability
Jason Furniture has good reverse predictability. Overlapping area represents the amount of predictability between Jason Furniture time series from 19th of October 2024 to 18th of November 2024 and 18th of November 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 Jason Furniture price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Jason Furniture price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Jason Furniture lagged returns against current returns
Autocorrelation, which is Jason Furniture 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 Jason Furniture's stock expected returns. We can calculate the autocorrelation of Jason Furniture returns to help us make a trade decision. For example, suppose you find that Jason Furniture 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 |
Jason Furniture 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 Jason Furniture stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jason Furniture stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jason Furniture stock over time.
Current vs Lagged Prices |
| Timeline |
Jason Furniture Lagged Returns
When evaluating Jason Furniture's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jason Furniture stock have on its future price. Jason Furniture 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, Jason Furniture autocorrelation shows the relationship between Jason Furniture stock current value and its past values and can show if there is a momentum factor associated with investing in Jason Furniture.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jason Stock
Jason Furniture financial ratios help investors to determine whether Jason 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 Jason with respect to the benefits of owning Jason Furniture security.