Jiangsu Expressway (Germany) Market Value
| JE2 Stock | EUR 1.01 0.01 1.00% |
| Symbol | Jiangsu |
Jiangsu Expressway '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 Jiangsu Expressway'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 Jiangsu Expressway.
| 10/30/2023 |
| 12/23/2024 |
If you would invest 0.00 in Jiangsu Expressway on October 30, 2023 and sell it all today you would earn a total of 0.00 from holding Jiangsu Expressway or generate 0.0% return on investment in Jiangsu Expressway over 420 days. Jiangsu Expressway is related to or competes with Transurban, Zhejiang Expressway, and Arcosa. Jiangsu Expressway Company Limited invests in, constructs, operates, and manages toll roads and bridges in the Peoples R... More
Jiangsu Expressway 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 Jiangsu Expressway'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 Jiangsu Expressway upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 15.87 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 4.26 |
Jiangsu Expressway Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jiangsu Expressway's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jiangsu Expressway's standard deviation. In reality, there are many statistical measures that can use Jiangsu Expressway historical prices to predict the future Jiangsu Expressway's volatility.| Risk Adjusted Performance | 0.1101 | |||
| Jensen Alpha | 0.2842 | |||
| Total Risk Alpha | 0.2311 | |||
| Sortino Ratio | 0.0886 | |||
| Treynor Ratio | 0.5188 |
Jiangsu Expressway Backtested Returns
Jiangsu Expressway appears to be very risky, given 3 months investment horizon. Jiangsu Expressway holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Jiangsu Expressway, which you can use to evaluate the volatility of the firm. Please utilize Jiangsu Expressway's Downside Deviation of 3.1, risk adjusted performance of 0.1101, and Market Risk Adjusted Performance of 0.5288 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jiangsu Expressway holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.57, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Jiangsu Expressway's returns are expected to increase less than the market. However, during the bear market, the loss of holding Jiangsu Expressway is expected to be smaller as well. Please check Jiangsu Expressway's downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Jiangsu Expressway's current trending patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Jiangsu Expressway has modest predictability. Overlapping area represents the amount of predictability between Jiangsu Expressway time series from 30th of October 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Jiangsu Expressway price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Jiangsu Expressway price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Jiangsu Expressway lagged returns against current returns
Autocorrelation, which is Jiangsu Expressway 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 Jiangsu Expressway's stock expected returns. We can calculate the autocorrelation of Jiangsu Expressway returns to help us make a trade decision. For example, suppose you find that Jiangsu Expressway 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 |
Jiangsu Expressway 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 Jiangsu Expressway stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jiangsu Expressway stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jiangsu Expressway stock over time.
Current vs Lagged Prices |
| Timeline |
Jiangsu Expressway Lagged Returns
When evaluating Jiangsu Expressway's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jiangsu Expressway stock have on its future price. Jiangsu Expressway 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, Jiangsu Expressway autocorrelation shows the relationship between Jiangsu Expressway stock current value and its past values and can show if there is a momentum factor associated with investing in Jiangsu Expressway.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Jiangsu Stock
Jiangsu Expressway financial ratios help investors to determine whether Jiangsu 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 Jiangsu with respect to the benefits of owning Jiangsu Expressway security.