Hainan Jinpan (China) Market Value
| 688676 Stock | 37.00 1.75 4.52% |
| Symbol | Hainan |
Hainan Jinpan '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 Hainan Jinpan'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 Hainan Jinpan.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Hainan Jinpan on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Hainan Jinpan Smart or generate 0.0% return on investment in Hainan Jinpan over 60 days. Hainan Jinpan is related to or competes with Kweichow Moutai, Contemporary Amperex, G Bits, BYD Co, Beijing Roborock, Anhui Gujing, and Anhui Gujing. Hainan Jinpan is entity of China. It is traded as Stock on SHG exchange. More
Hainan Jinpan 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 Hainan Jinpan'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 Hainan Jinpan Smart upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.14 | |||
| Information Ratio | 0.0868 | |||
| Maximum Drawdown | 28.64 | |||
| Value At Risk | (4.98) | |||
| Potential Upside | 10.18 |
Hainan Jinpan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hainan Jinpan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hainan Jinpan's standard deviation. In reality, there are many statistical measures that can use Hainan Jinpan historical prices to predict the future Hainan Jinpan's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 0.4394 | |||
| Total Risk Alpha | 0.3641 | |||
| Sortino Ratio | 0.103 | |||
| Treynor Ratio | (9.48) |
Hainan Jinpan Smart Backtested Returns
Hainan Jinpan Smart holds Efficiency (Sharpe) Ratio of -0.0154, which attests that the entity had a -0.0154% return per unit of risk over the last 3 months. Hainan Jinpan Smart exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hainan Jinpan's Downside Deviation of 4.14, market risk adjusted performance of (9.47), and Risk Adjusted Performance of 0.0825 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0463, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hainan Jinpan are expected to decrease at a much lower rate. During the bear market, Hainan Jinpan is likely to outperform the market. At this point, Hainan Jinpan Smart has a negative expected return of -0.067%. Please make sure to check out Hainan Jinpan's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Hainan Jinpan Smart performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.87 |
Excellent reverse predictability
Hainan Jinpan Smart has excellent reverse predictability. Overlapping area represents the amount of predictability between Hainan Jinpan 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 Hainan Jinpan Smart price movement. The serial correlation of -0.87 indicates that approximately 87.0% of current Hainan Jinpan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.87 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 17.19 |
Hainan Jinpan Smart lagged returns against current returns
Autocorrelation, which is Hainan Jinpan 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 Hainan Jinpan's stock expected returns. We can calculate the autocorrelation of Hainan Jinpan returns to help us make a trade decision. For example, suppose you find that Hainan Jinpan 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 |
Hainan Jinpan 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 Hainan Jinpan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hainan Jinpan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hainan Jinpan stock over time.
Current vs Lagged Prices |
| Timeline |
Hainan Jinpan Lagged Returns
When evaluating Hainan Jinpan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hainan Jinpan stock have on its future price. Hainan Jinpan 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, Hainan Jinpan autocorrelation shows the relationship between Hainan Jinpan stock current value and its past values and can show if there is a momentum factor associated with investing in Hainan Jinpan Smart.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hainan Stock
Hainan Jinpan financial ratios help investors to determine whether Hainan 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 Hainan with respect to the benefits of owning Hainan Jinpan security.