Jilin OLED (China) Market Value
| 688378 Stock | 21.83 0.19 0.86% |
| Symbol | Jilin |
Jilin OLED '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 Jilin OLED'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 Jilin OLED.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Jilin OLED on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Jilin OLED Material or generate 0.0% return on investment in Jilin OLED over 60 days. Jilin OLED is related to or competes with Zijin Mining, Wanhua Chemical, Baoshan Iron, Shandong Gold, Rongsheng Petrochemical, Inner Mongolia, and Jiangxi Ganfeng. Jilin OLED is entity of China. It is traded as Stock on SHG exchange. More
Jilin OLED 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 Jilin OLED'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 Jilin OLED Material upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.19 | |||
| Information Ratio | 0.1219 | |||
| Maximum Drawdown | 28.34 | |||
| Value At Risk | (6.95) | |||
| Potential Upside | 13.24 |
Jilin OLED Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jilin OLED's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jilin OLED's standard deviation. In reality, there are many statistical measures that can use Jilin OLED historical prices to predict the future Jilin OLED's volatility.| Risk Adjusted Performance | 0.1107 | |||
| Jensen Alpha | 0.6667 | |||
| Total Risk Alpha | 0.5922 | |||
| Sortino Ratio | 0.1581 | |||
| Treynor Ratio | 1.02 |
Jilin OLED Material Backtested Returns
At this point, Jilin OLED is not too volatile. Jilin OLED Material holds Efficiency (Sharpe) Ratio of 0.0225, which attests that the entity had a 0.0225% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jilin OLED Material, which you can use to evaluate the volatility of the firm. Please check out Jilin OLED's Downside Deviation of 4.19, risk adjusted performance of 0.1107, and Market Risk Adjusted Performance of 1.03 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Jilin OLED has a performance score of 1 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jilin OLED's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jilin OLED is expected to be smaller as well. Jilin OLED Material right now retains a risk of 4.78%. Please check out Jilin OLED semi deviation, coefficient of variation, jensen alpha, as well as the relationship between the downside deviation and information ratio , to decide if Jilin OLED will be following its current trending patterns.
Auto-correlation | -0.44 |
Modest reverse predictability
Jilin OLED Material has modest reverse predictability. Overlapping area represents the amount of predictability between Jilin OLED time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Jilin OLED Material price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Jilin OLED price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Jilin OLED Material lagged returns against current returns
Autocorrelation, which is Jilin OLED 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 Jilin OLED's stock expected returns. We can calculate the autocorrelation of Jilin OLED returns to help us make a trade decision. For example, suppose you find that Jilin OLED 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 |
Jilin OLED 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 Jilin OLED stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jilin OLED stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jilin OLED stock over time.
Current vs Lagged Prices |
| Timeline |
Jilin OLED Lagged Returns
When evaluating Jilin OLED's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jilin OLED stock have on its future price. Jilin OLED 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, Jilin OLED autocorrelation shows the relationship between Jilin OLED stock current value and its past values and can show if there is a momentum factor associated with investing in Jilin OLED Material.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jilin Stock
Jilin OLED financial ratios help investors to determine whether Jilin 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 Jilin with respect to the benefits of owning Jilin OLED security.