JCHX Mining (China) Market Value
| 603979 Stock | 44.44 0.31 0.69% |
| Symbol | JCHX |
JCHX Mining '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 JCHX Mining'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 JCHX Mining.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in JCHX Mining on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding JCHX Mining Management or generate 0.0% return on investment in JCHX Mining over 90 days. JCHX Mining is related to or competes with Shantui Construction, Jointo Energy, Masterwork Machinery, XCMG Construction, Air China, Gifore Agricultural, and Tieling Newcity. JCHX Mining is entity of China. It is traded as Stock on SHG exchange. More
JCHX Mining 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 JCHX Mining'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 JCHX Mining Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.135 | |||
| Maximum Drawdown | 8.6 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 3.88 |
JCHX Mining Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for JCHX Mining's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as JCHX Mining's standard deviation. In reality, there are many statistical measures that can use JCHX Mining historical prices to predict the future JCHX Mining's volatility.| Risk Adjusted Performance | 0.0813 | |||
| Jensen Alpha | 0.1543 | |||
| Total Risk Alpha | 0.4246 | |||
| Sortino Ratio | 0.1748 | |||
| Treynor Ratio | (1.36) |
JCHX Mining Management Backtested Returns
JCHX Mining appears to be very steady, given 3 months investment horizon. JCHX Mining Management holds Efficiency (Sharpe) Ratio of 0.11, which attests that the company had a 0.11 % return per unit of risk over the last 3 months. We have found thirty technical indicators for JCHX Mining Management, which you can use to evaluate the volatility of the entity. Please utilize JCHX Mining's semi deviation of 1.46, and Downside Deviation of 1.58 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, JCHX Mining holds a performance score of 8. The firm 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 JCHX Mining are expected to decrease at a much lower rate. During the bear market, JCHX Mining is likely to outperform the market. Please check JCHX Mining's downside deviation, standard deviation, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether JCHX Mining's current trending patterns will revert.
Auto-correlation | 0.08 |
Virtually no predictability
JCHX Mining Management has virtually no predictability. Overlapping area represents the amount of predictability between JCHX Mining 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 JCHX Mining Management price movement. The serial correlation of 0.08 indicates that barely 8.0% of current JCHX Mining price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 3.8 |
JCHX Mining Management lagged returns against current returns
Autocorrelation, which is JCHX Mining 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 JCHX Mining's stock expected returns. We can calculate the autocorrelation of JCHX Mining returns to help us make a trade decision. For example, suppose you find that JCHX Mining 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 |
JCHX Mining 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 JCHX Mining stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if JCHX Mining stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in JCHX Mining stock over time.
Current vs Lagged Prices |
| Timeline |
JCHX Mining Lagged Returns
When evaluating JCHX Mining's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of JCHX Mining stock have on its future price. JCHX Mining 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, JCHX Mining autocorrelation shows the relationship between JCHX Mining stock current value and its past values and can show if there is a momentum factor associated with investing in JCHX Mining Management.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in JCHX Stock
JCHX Mining financial ratios help investors to determine whether JCHX 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 JCHX with respect to the benefits of owning JCHX Mining security.